Oracle is buying Interlace Systems, a company that develops on-demand operational planning software that helps business planners change operational assumptions on the fly, re-evaluate scenarios and assess business impacts.
The terms of the deal, which was announced Oct. 24, were not disclosed.
Interlace Systems software will fit into Oracles Enterprise Performance Management suite, with the goal of providing a common perspective across financial and strategic planning. Oracles EPM suite is a component of the Redwood Shores, Calif., companys Fusion Middleware platform.
Interlaces software is used to support different operational planning processes—consensus demand plan creation or sales and operational planning—and is sold to both midmarket and large companies in the consumer goods, industrial manufacturing and high tech industries, according to Interlace, of San Mateo, Calif.
Customers include industrial manufacturer Eaton, Seagate Technologies, Mitsubishi Caterpillar Forklift America and wireless communications network supplier Powerwave Technologies.
“In todays global economy, organizations need a streamlined planning process that links strategic operational plans to the financial plan of record,” Thomas Kurian, Oracle senior vice president of server technologies, said in a statement.
“The combination of Interlace Systems and Oracle will help enable business planners to rapidly evaluate the impact of changes to business assumptions across all plans.”
Interlace develops a suite of software, Integrated Business Planning, that integrates data from business planning and execution systems, with the goal of helping users view gaps between financial and operational plans.
The acquisition of Interlace, expected to close in November, is Oracles 10th purchase this year, and its 36th acquisition since 2005. Oracle is also in the midst of trying to acquire middleware company BEA Systems for $6.6 billion.
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