IT, Software, deals

Oracle to Buy mValent

Ryan McBride 2/4/09

Oracle (NASDAQ:ORCL), the enterprise software giant, says that it has agreed to acquire mValent, a Waltham, MA-based provider of software used to automate and manage applications. Redwood Shores, CA-based Oracle plans to integrate mValent its Oracle Enterprise Manager business. The deal—terms of which were not disclosed—is expected to close in the first half of this year.

Ryan McBride is Xconomy's correspondent. You can reach him at rmcbride@xconomy.com, or follow him on Twitter at http://twitter.com/Ryan_McBride.