Oracle to buy into PLM with Agile Software acquisition

Oracle is continuing its policy of chipping away at SAP’s grip on enterprise applications with a $495m agreement to acquire Agile Software, a developer of software for product lifecycle management (PLM).

PLM serves companies’ needs to develop, build, improve, service and dispose of products, and is widely seen as blurring with the enterprise resource planning (ERP) market where Oracle is chasing SAP.

This is Oracle’s first move into the sector and “will serve as the foundation of our PLM offering”, said Oracle chairman Charles Phillips in a statement.

Read Full Article from VNUNet.com

- Posted: 2007-05-16 10:45:21

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