Rochester, NY 8/19/2009 7:45:29 PM
Oracle Corporation ORCL ,Oracle invests in an Israeli Company
Oracle Corporation- is an enterprise software company. The Company develops, manufactures, markets, distributes and services database and middleware software, as well as applications software that help its customers manage their businesses.
Oracle is organized into two businesses: software and services. These businesses are further divided into five operating segments. Its software business consists of two operating segments, new software licenses, and software license updates and product support. Its services business consists of three operating segments, consulting, On Demand and education.
Oracle Corp- is investing in an Israeli startup that is developing technology for managing telecom and Internet subscriber services. The company called ComAbility in Israel has an agreement between the Oracle Excellence Center for Startups and the Israeli Office of the Chief Scientist that promotes local companies. Oracle shares were up 8 cents to $21.48 in afternoon trading.
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