Oracle Buys Instantis

Redwood Shores-based Oracle announced this morning that it is acquiring Instantis, a developer of cloud-based portfolio management (PPM) products. Financial terms of the buy were not disclosed. Instantis was venture backed by U.S. Venture Partners, JK&B Capital, Goldman Sachs, and angel Kanwal Rekhi. The firm had raised more than $30M in funding. Instantis was based in Santa Clara, and was headed by Prasad Raje.