Oracle announced that its latest buying spree will include Skire, a Menlo Park company founded in 2000 that specializes in construction and facilities management software. Terms of the agreement were not disclosed.
"The capital construction and facilities industry has for decades sought a tighter relationship and greater synchronization between owners and service providers, and the Oracle-Skire combination makes that vision a reality," said Massy Mehdipour, founder and CEO of Skire in a press release on July 19. She said the announcement is "the result of years of tremendous dedication by our employees".
Oracle has bought five other companies so far this year, including spending $300 million to acquire Vitrue, a company that focused on social media marketing applications for platforms like Facebook.