Oracle Buys Captovation

REDWOOD SHORES, Calif. -- Oracle announced today that it has agreed to acquire Captovation, a leading provider of document capture solutions that streamline the process of capturing mission-critical content for access from within business applications and processes. The acquisition is expected to strengthen Oracle's leading Enterprise Content Management (ECM) software portfolio to provide an integrated and automated solution for overall transactional content management that will help reduce costs, streamline critical business processes and simplify regulatory compliance.

Captovation's software is expected to be a core component of Oracle Enterprise Content Management, which provides comprehensive capabilities for managing dynamic, transactional and historical content. Oracle Enterprise Content Management is a component of Oracle Fusion Middleware, the industry's fastest growing, most standards-compliant, and best-of-breed technology foundation for Service-Oriented Architecture.

"Oracle is committed to expanding its leadership in the ECM segment by creating the most complete, integrated, usable, manageable and hot pluggable content management platform through organic growth and intelligent acquisitions," said Thomas Kurian, Senior Vice President, Oracle Server Technologies. "By adding document capture to Oracle's leading content management, process automation and back office applications, Oracle will be the only vendor that can provide customers with a fully integrated solution for automating back office operations."

Oracle Corp.