Oracle Acquires Convergin for Real-time Service Brokering

Oracle has agreed to acquire Convergin, an Israeli start-up specializing in real-time service brokering solutions. Financial terms were not disclosed.


Convergin offers a J2EE-based Service Broker platform that enables communications service providers (CSPs) to manage services for a wide range of networks and application platforms, including pre-paid charging. The solution can be used for migrating pre-paid voice from IN- to IP-based networks. Convergin provides the mediation of wide range of protocols, enabling the orchestration and blending of services and capabilities across networks and application domains.


Oracle said the combination of its service environment with Convergin's Service Broker provides a single carrier-grade, standards-based IT platform for CSPs.


Specifically, Convergin products complement Oracle Communications' integrated product suite, including Oracle Communications Billing and Revenue Management, Oracle Communications Converged Application Server and Oracle Communications service fulfillment applications.


"As communications service providers transition from legacy telephony networks to next-generation networks, the combination of Oracle and Convergin will accelerate new service innovation while reducing network complexity and cost," said Bhaskar Gorti, senior vice president and general manager, Oracle Communications.
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http://www.convergin.com