Oracle buys Finnish open-source developer

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October 7, 2005 (IDG News Service) -- Oracle Corp. scooped up another small technology maker on Friday, announcing its acquisition of Finnish open-source database technology developer Innobase OY. Financial terms of the deal weren't disclosed.

Helsinki-based Innobase, is the creator of InnoDB, an add-on storage engine for MySQL. InnoDB is distributed under the open-source GNU General Public License. The software is bundled with MySQL though a contractual agreement that comes up for renewal next year; Oracle said it expects to negotiate an extension of that contract.

"Oracle intends to continue developing the InnoDB technology and expand our commitment to open-source software," Charles Rozwat, Oracle's executive vice president in charge of database and middleware technology, said in a prepared statement. "Oracle has already developed and contributed an open-source clustered file system to Linux. We expect to make additional contributions in the future."

Oracle has arranged around a dozen acquisitions in the past year, most significantly smaller than its blockbuster, multibillion-dollar PeopleSoft Inc. and Siebel Systems Inc. purchases. Other recent purchases include supply chain logistics software maker Global Logistics Technologies Inc., retail optimization software developer ProfitLogic Inc., database performance enhancement technology maker TimesTen Inc. and a majority stake in Indian banking software vendor i-Flex Solutions Inc.

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