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Oracle to buy Skywire Software

Published: June 25, 2008

Skywire Software LLC sells both software and services that enable 1,450 insurance industry customers.

The software company Oracle recently announced it will spend an undisclosed sum to buy much of a growing Frisco company that helps insurance companies improve their work flow.

Skywire Software LLC sells both software and services that enable 1,450 insurance industry customers – as well as law firms and financial service providers – to speed data entry, billing and other functions.

Skywire's current managers and workers are expected to join Oracle's staff, a Skywire spokeswoman said, but the companies did not disclose whether they'd remain at their current locations or move to existing Oracle offices. The Skywire acquisition should complement another one of Oracle's recent acquisitions – a company called AdminServer that makes policy lifecycle management software for the insurance industry.

"Insurance is a strategic industry for Oracle with growth focused on integrated packaged applications. Insurance applications, such as Skywire Software's for insurance policy life cycle management, help insurers navigate an increasingly complex business environment," said Oracle President, Charles Phillips.