Software giant Oracle has announced that it will be purchasing virtualisation and cloud firm Ravello Systems.
In a blog post, Ravello CEO Rami Tamir said that his team will join the Oracle Public Cloud organisation, with Ravello's products expected to become part of Oracle Cloud.
"We believe this agreement will accelerate our ability to reach more customers, deliver more value, and enhance our technology at an accelerated pace in order to better serve you," Tamir said.
In thanking customers for their support, Tamir said that Ravello's service will continue as it is.
"I want to emphasise that our top priority is ensuring an uninterrupted service and seamless experience for you and all of our customers and partners," he said.
"In the coming months, we will be working to continue enhancing our value to you and we are looking forward to developing new products and services enabled by this combination."
Additionally, Tamir said that Ravello will join in Oracle's infrastructure-as-a-service mission, which allows customers to run any type of workload in the cloud.
Although the value of the deal has not been disclosed, it has been reported by VentureBeat that Oracle is paying $500 million for the deal.
Oracle previously acquired AddThis, a company best known for a share bar that connects social media outlets to publishers.
It was reported in January that AddThis went for between $100 million and $200 million.
In August, Oracle acquired Maxymiser, a maker of cloud-based consumer personalisation software. Like with the Ravello deal, at the time it was said that Oracle aims to integrate Maxymiser's software into the Oracle Marketing Cloud and use it to better compete with rivals Salesforce and Adobe.