Enterprise Software - Wednesday, September 3, 2008
Oracle Buys App Performance's ClearApp
Oracle is buying Sunnyvale-based ClearApp for an undisclosed amount. The startup, which sells application performance management automation for portal, J2EE and SOA applications. ClearApp had raised around $25M in venture capital and venture debt from Sierra Ventures, 3i Group, Partech International and TriplePoint Capital.
The acquisition also marks the third application management software vendor that Oracle (NASDAQ: ORCL) has made in less than a year. In December, Oracle bought Dutch firm Moniforce. Oracle also bought a small, Indian firm called Auptyma. Since its purchase, Auptyma's flagship Java Application Monitor has been renamed Oracle Application Diagnostics for Java.
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