HeritageWest Credit Union

The news as of the second cup of coffee this morning, and the music is the sound I can hear all the way from Philadelphia to here in northern New Zealand... sounds like... 28 years' worth of pent-up cheering...

Oracle has announced an agreement to acquire RuleBurst Holdings, the parent company of Haley Limited, a vendor of policy modeling and automation software, to create an end-to-end product for social services agencies.

It's the belief of Oracle officials that "social service agencies are moving to commercial software to automate entitlements. With limited resources to serve a growing constituency, these agencies need to administer and distribute entitlements consistently and accurately as defined by underlying legislation."

To that end, they say, Haley's policy automation platform "translates legislation and policies into defined, automated rules that are deployed in an application."

Oracle will put it with their ERP and Siebel CRM applications to "create the first packaged software product for social services agencies with an enhanced case management application, " using Haley to drive eligibility determinations.

The Haley policy automation platform is also used in other regulated industries, such as financial services and insurance, to implement and manage policies in common language without the need for specialized software programming.

Haley management said they and the company's employees will join Oracle to form a global business unit focused on enterprise policy automation products across multiple industries. Haley's CEO Dominic O'Hanlon is expected to lead the business unit as Senior Vice President and General Manager.

The transaction is subject to stockholder and governmental approvals and other customary closing conditions and is expected to close in the first quarter of calendar 2009. Until the deal closes, each company will continue to operate independently. Financial details of the transaction were not disclosed.

Oracle Senior Vice President of CRM, Anthony Lye, said by acquiring Haley, "Oracle is accelerating its investment in public sector to create an integrated product."

Epicor Software has reported financial results for its third quarter ended September 30, 2008. All results should be considered preliminary pending the company's filing of its quarterly report on Form 10-Q.

Epicor President and CEO Thomas Kelly said "customer retention rates remained near all time highs at 94 percent."

Related posts: