11
Feb
2010
Oracle buys Convergin
by Nitin JainOracle has announced buying out of Convergin. The never ending hunger of the giant that Oracle is, just doesn’t show any signs of tiring down.
Convergin is an Israeli based start-up. They are leading providers of real-time service brokering solutions. A service brokering solution is a software that lets telcos deliver services across multiple networks and platforms.
I took the following off Ericsson’s website:
“.. In recent years, costly and slow integration has created an unnecessary gap between the telephone companies (or telco) and IT worlds. However, collaboration between Internet and telecom standards is essential for future development. The service broker concept has been developed to fill this gap. Indeed, the service broker provides a flexible layer in the telecom architecture to bridge these two worlds. Such a concept is essential to coordinate the diverse future services and provide mash-up opportunities through a single point of entry ..”
Wanna know more? Check out this link, and feel free to read at your leisure about the Service Brokering Solution. 
Pre-paid charging of mobile phones is just as important as billing for the Post Paid Customers. Convergin provides a J2EE based Service Broker Platform enabling the Service Providers to manage services for a wide range of networks and applications.
As Oracle says, combination of Oralce 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.
Oracle already has a handsone Communications’ integrated Product Suite. It includes Oracle Communications Billing and Revenue Management, Oracle Communications Converged Application Server and Oracle Communications service fulfillment applications.
Convergin’s products are expected to complement Oracle’s existing arsenal in the domain, and thus improve the Customer Experience for Oracle’s Customers. Convergin’s customers include T-Mobile and SaskTel. Its competitors include Apptrigger, Aepona and OpenCloud.
Though the financial details of the deal were not disclosed, it is expected to close in the first half of this year.
This is Oracle’s second acquisition in the week. Oracle had previously announced its plans to buy SOA Management Vendor, AmberPoint.
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