SEG Sector Deals provide transaction highlights, relevant insights, and SEG’s perspective on interesting M&A deals within the software industry.
Enterprise tech giant Oracle acquired DataScience.com, a provider of a cloud workspace platform for data science projects and workloads. The company’s platform allows customers to organize work, easily access data and computing services, and execute end-to-end model development workflows. Oracle intends to utilize the DataScience platform to create a single, unified platform in conjunction with it’s existing Oracle Cloud Infrastructure platform, leveraging machine learning and big data for improved business analytics. The acquisition supports Oracle’s strategy of expanding within the AI sector, as it contributes to Oracle’s existing cloud AI platform solutions.
Furthermore, DataScience represents Oracle’s fourth acquisition in 2018 following the purchase of Zenedge (cloud-based cyber security solutions), Grapeshot (brand safety and contextual intelligence solutions), and Vocado (financial aid solutions for higher ed.).
Seller Business Description:
DataScience.com is a provider of a cloud workspace platform for data science projects and workloads.
Buyer Business Description:
Oracle is a provider of comprehensive and fully integrated cloud applications and platform services for enterprises. HQ: Redwood Shores, CA. See Press Release.