Oracle is capitalizing on the economic downturn to make key acquisitions. The latest: Ruleburst Holdings Limited, parent company of rule-management software provider Haley, Oracle’s tenth buy this year. It won’t actually add new technology to the large company’s portfolio, but it should win it some clout with the public-sector and government organizations that make up most of Haley’s client base. Financial details of the deal remain undisclosed.
Based in Washington, D.C., Haley develops applications to help customers manage their benefits programs according to established regulations and policies. Oracle, headquartered in Redwood Shores, Calif., will combine these offerings with its ERP and Siebel CRM products to create a package for social services agencies. Together, they will be able to automate case management and elegibility determinations.
Haley was acquired by RuleBurst just last year for a reported $13 million.