Wednesday, Oracle Corp. (ORCL) said it agreed to acquire Convergin, a leading provider of real-time service brokering solutions. Convergin's J2EE-based Service Broker platform enables communications service providers to manage services for a wide range of networks and application platforms, including pre-paid charging. The solution allows CSPs to focus on launching innovative services while modernizing to next-generation networks.
The financial details of the transaction were not disclosed and is expected to close the first half of 2010. Convergin products complement Oracle Communications' integrated product suite, including Oracle Communications Billing and Revenue Management, Oracle Communications Converged Application Server and Oracle Communications service fulfillment applications, noted the company.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.