Oracle to buy retail software vendor ProfitLogic - undisclosed

"Oracle has reached a deal to acquire privately held ProfitLogic, a Cambridge, Massachusetts, developer of software for the retail industry. Financial terms of the deal were not disclosed. "

"ProfitLogic has 250 employees spread around the world, said Scott Friend, co-founder and president of the company. The company has raised US$38 million in venture capital and has been growing profitably since its last round of funding in January 2002, he said. "

[InfoWorld]