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Oracle buys planning technology firm Interlace Systems
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29/10/2007
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Oracle is to acquire strategic operational planning software firm Interlace Systems, which helps business analysts to model cross-functional processes and optimise plans.
Its software uses a change-based data modelling server, connecting operational plans in an integrated model and allowing business planners to adjust operational assumptions, re-evaluate scenarios and assess business impact.
Oracle says that combining Interlace Systems’ technology with its own EPM (enterprise performance management) software will, for the first time, provide a common perspective across financial and strategic operational planning through an integrated business-planning framework.
“In today’s global economy, organisations need a streamlined planning process that links strategic operational plans to the financial plan of record,” insists Thomas Kurian, Oracle senior vice president, Server Technologies.
“The combination of Interlace Systems and Oracle will help enable business planners to rapidly evaluate the impact of changes to business assumptions across all plans – and benefit from flexibility, speed, integrity and accuracy, typically not found in traditional spreadsheet-based and function-specific planning solutions,” he adds.
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Staff reporter
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