Oracle buys collaborative software maker
- 11 September, 2001 13:39
Database software maker Oracle said Monday it has acquired 3Cube, a small maker of collaborative software for hosting online meetings.
An Oracle spokeswoman confirmed the acquisition, which closed on Aug. 1, but said the company is not disclosing any terms or details of the deal. The purchase is considered a "non-material acquisition" and will be reflected in the company's research and development costs.
3Cube is a privately held company formed in 1999 through the merger of a company called Technology Workshop and an unnamed startup from Delaware, according to information on 3Cube's Web site. It has developed several Web-based communication services that allow customers to hold online meetings and collaborate on projects over the Internet.
Its flagship product, Web Meeting Services, allows users to share access to Internet applications such as Web browsers on remote computers and to make Web-based phone calls. The Oracle spokeswoman said it made the acquisition to get technology assets that will "augment the capabilities" of its collaborative meeting software, iMeeting.
3Cube received a strategic investment from Mail.com in August 2000, according to 3Cube's Web site. At the time, Mail.com gained a 19 percent equity interest in 3Cube.