Oracle Corp. introduced Oracle Collaboration Suite Release 2 along with two new services. Oracle Collaboration Suite Release 2 introduces real-time communication features, online meetings, instant messaging and co-browsing. Oracle also now offers a low-cost migration service and hosted collaboration services – Oracle Collaboration Suite Outsourcing. Oracle Collaboration Suite enables users to access voicemail, email and fax in one inbox, and also leverage UltraSearch, which allows users to search for corporate information within all shared files, including faxes and email. With the addition of the new Oracle iMeeting technology, online collaboration activities such as co-browsing, Web conferences, voice streaming, meeting playback and even casual communications such as instant messaging, can be consolidated and centralized. The iMeeting functionality in Oracle Collaboration Suite acts as a foundation for integrating enterprise content, commerce and comprehensive business flows. Oracle Collaboration Suite Release 2 is scheduled to be available in the first half of 2003. The price for a perpetual license of Oracle Collaboration Suite is $60 per Named User Plus.