Oracle (www.oracle.com) has agreed to acquire Agile Software Corporation (www.agile.com), a provider of product lifecycle management ( PLM ) software solutions, through a cash merger for $8.10 per share, or approximately $495 million.
"Profitable product innovation is critical to product-based industries, making PLM one of the fastest growing application segments," said Oracle president Charles Phillips. "The addition of Agile, which will serve as the foundation of our PLM offering, will further Oracle's strategy of delivering industry-specific enterprise applications and allows us to offer yet another strategic application to SAP customers."
"With more than 1,250 PLM customers and more than 10,000 visualization customers globally, Agile has a proven track record of rapid, successful implementations integrated to a wide range of enterprise resource planning and CAD systems," said Agile CEO Jay Fulcher. "By becoming part of Oracle we can bring Agile's solutions to a wider audience and accelerate the advance of enterprise PLM."
The merger is subject to stockholder and regulatory approval and other customary closing conditions and is expected to close in mid to late July 2007. More information is available at (www.oracle.com/agile)