Enterprise software giant Oracle has purchased Australian-owned independent software vendor Ruleburst, owners of the Haley suite of compliance software products, for an undisclosed sum.
The Haley suite of products automates the enforcing of business rules within applications. The company says its software is used by large organisations to "prevent, detect and cure breaches in compliance with legislation, policy and business rules".
RuleBurst, based in Sydney, also has operations in the United States, United Kingdom and Singapore.
According to a statement released by Oracle, the company intends to create a new software solution based on the combination of the Haley platform with Oracle's ERP and Siebel CRM applications.
The ISV's staff will form a new business division within Oracle aimed at "enterprise policy automation".
Haley's CEO Dominic O'Hanlon will lead this team as senior vice president and general manager.