Monday, November 3, 2008
Oracle Buys Tacit Software
Redwood Shores-based database leader Oracle has acquired Tacit Software, a Palo Alto-basd startup developing enterprise search tools. Financial terms of the deal was not disclosed. According to Oracle, the firm has purchased the intellectual property assets of the firm, and will integrate Tacti Software into its Oracle Beehive enterprise collaboration platform. Tacit Software was venture backed by Draper Fisher Jurvetson, Woodside Fund, Alta Partners, the Royal Bank of Canada, and In-Q-Tel. No details on employment or impact on Tacit Software employees was released.