Oracle to Acquire Carleton Corporation
Oracle Corporation and Carleton Corporation have signed a definitive merger agreement for Oracle to acquire Carleton, makers of data quality and mainframe data extraction software for customer-focused data warehousing applications. The acquisition will be effected through a cash merger in which holders of Carleton common stock will receive approximately $2.45 per share ($8.7 million in the aggregate). The parties anticipate closing the transaction by the end of February 2000, which is subject to approval by Carleton’s stockholders.
Carleton’s software will become a part of Oracle Warehouse Builder (OWB), a framework for designing, generating and loading enterprise data warehouses, data marts and e-business intelligence applications. As part of OWB, Carleton’s Pure•Integrate software will create a consistent, consolidated view of customer data by using name and address data cleansing and validation capabilities to identify unique customers and households used in CRM e-Business applications. Carleton’s Pure•Extract software will accelerate the process of preparing information for a data warehouse by integrating vast quantities of data from many different sources, including more than forty mainframe and legacy database systems, such as VSAM, IMS and DB/2.
Oracle’s strategy is to provide all the necessary components for customers to construct and deploy end-to-end data warehousing solutions that yield the foundation for personalized customer programs. The Carleton acquisition brings solid data quality and mainframe data extraction software to enhance Oracle’s data warehousing and CRM solutions.
For more information about Carleton Corporation, visit www.carleton.com. For more information about Oracle Corporation, visit www.oracle.com.