Oracle Snatches Up Telecom Tech Specialist Convergin
Oracle on Wednesday said it was going to scoop up Convergin, an Israeli startup specializing in software that helps telcos extend their services across multiple networks.
"As communications service providers transition from legacy telephony networks to next-generation networks, the combination of Oracle and Convergin will accelerate new service innovation while reducing network complexity and cost," said Bhaskar Gorti, senior vice president and general manager, Oracle Communications.
Oracle said it is still looking over Covergin's product roadmap and plans to update customers at a later date. Convergin's customers include T-Mobile and SaaskTel.
Financial terms of the deal were not disclosed.
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