Oracle Buys Oblix to Secure Web Services

March 29, 2005

UPDATED: Oracle (Quote, Chart) acquired Oblix for an undisclosed sum, adding new single sign-on software to to offer secure Web services (define) to corporations.

Oblix technology will also provide Oracle with a strong entry into the broad identity management software market, a multi-billion-dollar industry driven by the need for organizations to consolidate how they manage security across disparate applications and systems in an enterprise.

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