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	<title>Eddie Awad&#039;s Blog &#187; News</title>
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		<title>Oracle Buys Convergin &#8211; Yet Another Oracle Acquisition</title>
		<link>http://awads.net/wp/2010/02/10/oracle-buys-convergin-yet-another-oracle-acquisition/</link>
		<comments>http://awads.net/wp/2010/02/10/oracle-buys-convergin-yet-another-oracle-acquisition/#comments</comments>
		<pubDate>Wed, 10 Feb 2010 21:58:59 +0000</pubDate>
		<dc:creator>Eddie Awad</dc:creator>
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		<category><![CDATA[Oracle]]></category>
		<category><![CDATA[acquisition]]></category>

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		<description><![CDATA[Oracle has agreed to acquire Convergin, a leading provider of real-time service brokering solutions. Convergin’s industry-leading J2EE-based Service Broker platform enables communications service providers (CSPs) to manage services for a wide range of networks and application platforms, including pre-paid charging. The solution allows CSPs to focus on launching innovative services while modernizing to next-generation networks. [...]]]></description>
			<content:encoded><![CDATA[<p>Oracle has agreed to acquire Convergin, a leading provider of real-time service brokering solutions.</p>

<p>Convergin’s industry-leading J2EE-based Service Broker platform enables communications service providers (CSPs) to manage services for a wide range of networks and application platforms, including pre-paid charging. The solution allows CSPs to focus on launching innovative services while modernizing to next-generation networks.</p>

<p>CSPs are increasingly looking to transition from inflexible and costly intelligent network platforms to deliver value-added services. The combination of Oracle and Convergin is expected to provide a single carrier-grade, standards-based IT platform allowing CSPs to effectively evolve their service delivery capabilities at a lower total cost of ownership.</p>

<p>Convergin products complement Oracle Communications’ integrated product suite, including Oracle Communications Billing and Revenue Management, Oracle Communications Converged Application Server and Oracle Communications service fulfillment applications.</p>

<p>The transaction is expected to close the first half of this year. Financial details of the transaction were not disclosed.</p>

<p>via <a href="http://www.oracle.com/us/corporate/press/049243">Oracle Buys Convergin</a>.</p>
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</ul></p>]]></content:encoded>
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