Oracle will buy cloud warehouse-management app firm LogFire
Oracle will acquire LogFire, a provider of cloud-based warehouse management applications, with the aim of boosting the features of its supply chain management cloud offering.
The Redwood Shores, Calif. software and cloud giant expects that adding the LogFire applications will complement the logistics functionality of its Oracle Supply Chain Management (SCM) Cloud by adding warehouse management capabilities.
The financial terms of the proposed acquisition of the Atlanta, Georgia, firm were not disclosed. The management and employees of LogFire, which was started in 2007, will join the Oracle SCM Cloud team.
Oracle has been making acquisitions of cloud computing companies to shore up its applications for various industries. In July, it said it would pay $9.3 billion for NetSuite, a provider of cloud-based applications, for financial management, enterprise resource planning, e-commerce and retail management, to over 30,000 customers in a number of industries in more than 100 countries.
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