Oracle Buys Company Intelligence Firm DataFox

Enterprise software giant Oracle has signed an agreement to acquire DataFox, whose cloud-based artificial intelligence (AI) data engine provides company-level information and intelligence. Terms of the deal were not disclosed.

Headquartered in San Francisco, DataFox continuously extracts information on more than 2.8 million public and private businesses and is adding 1.2m businesses each year. Additional context from more than 5 million digital properties, 70,000 daily news articles and 756,000 unique signals provide customers with real-time insight to help them pinpoint when a business exhibits 'noteworthy behavior'. Oracle says the acquisition will provide its Cloud Applications with insights to help clients reach 'better decisions and business outcomes'.

Steve Miranda (pictured), Oracle's EVP Applications Development, comments: 'DataFox's Company Intelligence Platform powers critical use cases, including account scoring, lead enrichment and in-browser company insights, among others, while continually refreshing and harmonizing CRM data in third party applications'.

Web site: www.oracle.com and www.datafox.com .