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ORACLE IS BUYING ISRAELI SOFTWARE MAKER CONVERGIN FOR $85 MLN

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Tuesday, March 9th, 2010

As reported in Invest In Israel,  Oracle Corp., the world’s largest maker of proprietary database software, is acquiring Israeli startup Convergin, which makes software that lets telcos deliver services across multiple networks and platforms.

Convergin’s J2EE-based Service Broker Platform enables communications service providers (CSPs) to manage services for a wide range of networks and application platforms, including pre-paid charging. Adding Convergin products to Oracle Communications portfolio is expected to enable customers with next-generation solutions to address network migration to an all IP core at significantly lower integration and hardware costs.

Formerly known as PhoneDo Networks, Convergin was founded in 2000. The company is headquartered in Herzliya, Israel.