Oracle acquires Thor Technologies and OctetString
Oracle is not stopping their acquisition spree. They have just announced their decision to acquire Thor Technologies Inc., a developer of cross-platform provisioning tools, and OctetString Inc., a supplier of virtual-directory software. Oracle through these acquisitions aims to strengthen its identity-management and access-management software portfolio.
Oracle has been adding quite a lot of smaller companies in their portfolios through these acquisitions. They recently acquired Oblix Inc., another identity-management software vendor. The company said in a statement that the acquisitions provide a security backbone for its Fusion line of middleware. In addition, they also allow them to offer a complete line of access control, identity administration, identity federation, user provisioning, directory services, and Web services management tools.
Oracle did not disclose the financial terms of this latest deal. They however announced that they have renamed Thor’s Xellerate product “Oracle Xellerate” and the OctetString Virtual Directory Engine “Oracle Virtual Directoryâ€. They would start offering these products by the end of the year.
This year has been full of such acquisitions for the company. After completing its $10 billion buyout of PeopleSoft in January, the company also has bought retail management application vendors Retek Inc. and ProfitLogic Inc., and in-memory database developer TimesTen. They are also in the process of completing the acquisition of customer relationship management application vendor Siebel Systems Inc.