Oracle snaps up document capture firm

By Guy Dixon on Jan 22, 2008 7:14 AM
Filed under Hardware

Oracle has added to its enterprise content management (ECM) portfolio with the acquisition of document capture company Captovation..

The software is expected to become a core component of Oracle Enterprise Content Management.

The database giant claimed that its newly bolstered ECM portfolio will help customers reduce overall transactional content management costs and simplify regulatory compliance.

"Oracle is committed to expanding its leadership in ECM by creating the most complete content management platform through organic growth and acquisitions," said Thomas Kurian, senior vice president of Oracle Server Technologies.

"By adding document capture Oracle will be the only vendor that can provide a fully integrated solution for automating back-office operations."

Financial details of the transaction, which is expected to close by February 2008, were not disclosed.

Oracle also announced last week that it would acquire BEA Systems for approximately US$8.5 billion.