Oracle to acquire lifecycle management software co., Agile, for $495M

May 15, 2007 | Matt Marshall

Oracle, the Redwood Shores, Calif. database and software giant, has agreed acquire software maker Agile Software for about $495 million, the latest in Oracle’s acquisition spree that now numbers more than two dozen companies

The offer, for $8.10 a share, is a 14 premium premium on Agile’s closing price of $7.08 Tuesday.

Agile, of San Jose, offers product lifecycle management software, which is used to keep track of companies’ products from start to finish. Agile has more than 10,000 customers, including Lockheed Martin Corp., McDonald’s Corp., Micron Technology Inc.

(Via WSJ)

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About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.