News
Oracle Buys Strategic Operational Planning Technology Provider Interlace Systems
October 2007 by Marc Jacob
Oracle announced today that it has agreed to acquire Interlace Systems, a provider of strategic operational planning software. A key part of the enterprise performance management (EPM) segment, Interlace Systems software helps organizations, quickly and collaboratively, combine functional processes to address strategic operational planning needs. Its software uses a change-based data modeling server, connecting operational plans in an integrated model and allowing business planners across functions to rapidly change operational assumptions, reevaluate scenarios, assess business impact and update the plan of record.
The combination of Interlace Systems’ technology and Oracle’s leading Enterprise Performance Management System is expected to provide a common perspective across financial and strategic operational planning through an integrated business-planning framework. The Oracle Enterprise Performance Management System is a component of Oracle Fusion Middleware, the industry’s fastest growing, most standards-compliant, and best-of-breed technology foundation for Service- Oriented Architecture.
The transaction is subject to customary conditions and is expected to close in November 2007.
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