Oracle buys Tacit Software's intellectual property

Corporate software maker Oracle Corp. said Monday it purchased the intellectual property rights of Tacit Software Inc. for an undisclosed sum.

The company said it will fold Tacit's automated profiling technology into Oracle Beehive software, which is used for Web conferencing, instant messaging, email, calendar functions and team workspaces.

Palo Alto, Calif.-based Tacit Software makes Illumio, software which enables employees to find and share information and knowledge by automatically routing questions to the employee with the knowledge on the subject. The company also makes ActiveNet, which allows employees to connect on key topics to solve problems and address issues.

In morning trading, Oracle shares fell 15 cents to $18.14.

Source: www.kiplinger.com

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