Oracle to Buy Demantra
biz.yahoo.com
Thursday June 1, 3:30 am ET
Demantra's Demand-Driven Planning Solution Added to Oracle's Supply Chain Applications
REDWOOD SHORES, Calif., June 1 /PRNewswire-FirstCall/ -- Oracle (Nasdaq: ORCL) today announced that it will expand its supply chain planning applications with the acquisition of Demantra, a leading provider of demand-driven planning solutions.
Leveraging powerful analytics and collaboration capabilities, Demantra offers solutions for demand management, sales and operations planning, and trade promotion planning and optimization. Together with Oracle's existing supply chain and ERP applications, customers can more proactively manage complex, global supply chain operations.
"Oracle and Demantra's complementary products will deliver information-rich, adaptive business processes to enable an effective, demand-driven supply chain," said Oracle Senior Vice President of Applications Development Rick Jewell. "We are giving customers access to proven, best-in-class demand and supply chain capabilities, combined with comprehensive ERP applications and technology infrastructure. This will allow companies to reduce their total cost of ownership, while increasing their ability to operate an integrated, information-driven enterprise."
The closing of the transaction is anticipated in June 2006, subject to certain closing conditions. Financial details were not disclosed. |
