The transaction is expected to close in the first half of 2010.
"Convergin's Service Broker platform helps communications service providers manage services for a wide range of networks and application platforms, including pre-paid charging," according to Seeking Alpha. "The company said that Converginb .s products will complement its own Communications integrated product suite such as Communications Billing and Revenue Management, Oracle Communications Converged Application Server and Oracle Communications service fulfillment applications."
"The transaction is expected to close in the first half of 2010," the article states. "Financial details of the transaction were not disclosed."
Click on the following to read the Seeking Alpha article: Oracle Is on an Acquisition Spree