Agile Software Corporation, a leading provider of product life-cycle management solutions (PLM), on May 15 announced a definitive agreement for Oracle to acquire Agile through a cash merger for $8.10 per share, or approximately $495 million.
The acquisition of Agile will establish the leading best-in-class, integrated, Enterprise PLM solution in the industry. Agile's enterprise class product life-cycle management (PLM) solutions helps companies across multiple industries drive profits, accelerate innovation, improve quality, enable globalization and ensure regulatory compliance throughout the product life cycle. Agile is also a global leader in collaborative visualization solutions for the A/E/C, engineering, manufacturing and electronics industries.
"With over 1,250 PLM customers and over 10,000 visualization customers globally, Agile has a proven track record of rapid, successful implementations, integrated across a wide range of ERP and CAD systems," said Agile chief executive officer Jay Fulcher. "By becoming part of Oracle we can bring Agile's solutions to a wider audience and accelerate the advance of Enterprise PLM."
"Profitable product innovation is critical to product-based industries, making PLM one of the fastest growing application segments," said Oracle president Charles Phillips. "The addition of Agile, which will serve as the foundation of our PLM offering, will further Oracle's strategy of delivering industry-specific enterprise applications and allows us to offer yet another strategic application to SAP customers."
The merger is subject to stockholder and regulatory approval and other customary closing conditions and is expected to close in July.