Oracle adds HyperRoll to cart

Acquisitive software behemoth devours financial reporting acceleration firm

Supermarket sweep: Oracle has been an aggressive consolidator this year

Oracle’s shopping spree shows no sign of slowing after it agreed to acquire certain assets of financial reporting acceleration specialist HyperRoll.

The software giant has added a handful of firms to its trolley already this year, including server giant Sun Microsystems and server virtualisation outfit Virtual Iron.

It has now picked up HyperRoll for an undisclosed sum in a move designed to improve the ability of its customers to report results. HyperRoll’s technology is used by customers in the retail, consumer goods and financial services sectors.

Oracle said it will use HyperRoll’s products to bolster its Oracle Enterprise Performance Management solutions with additional reporting acceleration technology.

The transaction is set to close later this year.