Oracle Buys Captovation

Oracle announced that it has agreed to acquire Captovation, a provider of document capture solutions that streamline the process of capturing content for access from within business applications and processes. The acquisition will be added to Oracle's Enterprise Content Management (ECM) software portfolio to provide an integrated and automated solution for overall transactional content management. Captovation's software is expected to be a core component of Oracle Enterprise Content Management, which provides capabilities for managing dynamic, transactional and historical content. Oracle Enterprise Content Management is a component of Oracle Fusion Middleware. The transaction is expected to close by February 2008. Until the deal closes, each company will continue to operate independently. Financial details of the transaction were not disclosed. http://www.oracle.com/captovation