Cloud Computing: Oracle to buy cloud firm Collective Intellect
Oracle Corp. ORCL +1.15% agreed to acquire text-mining and analytics software maker Collective Intellect as the business-software company continues its buying spree aimed at web-based software.
Financial terms weren’t disclosed.
Collective Intellect’s cloud-based software monitors, understands and responds to consumers’ conversations on social-media platforms such as Facebook Inc. (FB) and Twitter. The company’s customers include Hasbro Inc. (HAS), Nestle S.A.’s (NSRGY, NESN.VX) Nestle Purina PetCare Co., and PepsiCo Inc. (PEP)…

