Oracle Buys Data Mining Business Of Thinking Machines Corp

EDP Weekly's IT Monitor, June 21, 1999

Oracle Corp. has acquired the data mining business from Thinking Machines Corp., a former supercomputer maker and a provider of advanced data mining software for predicting customer behavior. The acquisition extends Oracle's data warehouse platform and business intelligence solution to include enterprise reporting, ad hoc query, advanced analysis and mining software based on a common Internet platform.

Oracle says the data mining software will also become an integral feature of its customer relationship management (CRM) suite, which will facilitate implementation of e-business solutions developed by Oracle customers. In addition to the software technology, Oracle receives rights to domain names think.com and thinkingmachines.com. Oracle surprised Wall Street last week, reporting fourth quarter net income of $527 million, up 31 percent from last year.