Tuesday, September 2, 2008

Oracle Buys ClearApp

Redwood Shores-based Oracle said this morning that it has acquired ClearApp, a developer of software for managing application performance. Financial terms of the deal were not disclosed. ClearApp, which is backed by 3i, partech International, and Sierra Ventures, develops software used to manage SOA composite applications. According to Oracle, it expects the deal to close in 2H 2008. Clearapp was formerly known as Ascera, and has raised at least $20.2M in venture funding.