Oracle Makes Another Cloud-Based Software Company Buy

Law360, New York (January 7, 2014, 11:48 AM EST) -- Oracle Corp. on Tuesday announced that it had picked up another cloud-based software company, Corente Inc., in a deal that keeps alive a multibillion-dollar buyout streak that stretches back to 2011 and covers more than a dozen transactions made by the California tech giant.

The deal marks the latest effort by Oracle to bolster its cloud-computing offerings to keep up with fast-growing rivals including Inc. and Google Inc., and to cash in as companies increasingly turn to Web-based data storage rather than data centers and...
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