Dallas, Texas 11/19/2013 (Financialstrend) – Oracle Corporation (NYSE:ORCL) has announced that it has bought Bitzer Mobile. The latter is a provider of mobile-applications management solutions that permit organizations to give their employees access to corporate-data as well as applications from their own mobile devices. This is specifically to address the increasing security-needs that have been created with the bring your own device (BYOD) concept. The company has not disclosed the terms of this deal.
In Monday’s trading session, Oracle Corporation (NYSE:ORCL) rose by 0.03%. The shares opened at a price of $34.88, which touched the intraday high of $35.13 and headed to a close of $34.93. Around 15.09 million exchanged hands over the trading day and an average volume of 18.01 million shares were traded over a 30 day period. The 52-week low of Oracle Corporation (NYSE:ORCL) shares is $29.78 and its 52-week high is $36.43. Oracle Corporation (NYSE:ORCL) has a market capitalization of $162.28 billion.
About the company
Oracle Corporation (NYSE:ORCL) is a provider of enterprise-software & computer hardware products & services. Its hardware systems, software & services businesses develops & manufactures as well as markets, hosts & supports database & middleware-software, applications-software & hardware systems. The latter is mainly made up of computer server & storage products. Oracle Corporation (NYSE:ORCL) is organized into 3 businesses: 1- software, 2- hardware systems and 3- services.
Oracle Corporation (NYSE:ORCL)’s software business is made up of 2segments: 1- new software licenses & 2- its software license updates & product-support. Its hardware-systems business is made up of 2 segments: 1- hardware systems products & 2- hardware systems support. Its services business is made up of the remainder of the company’s segments & offers consulting -services, managed-cloud services & education services. On 5th April 2012, Oracle Corporation (NYSE:ORCL) acquired Taleo Corporation. Effective 13th March 2013, it acquired Nimbula.