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Oracle boosts intellectual property

Gets a patent for online markets...

By Justin Madubuko

Published: 20 August 2001 16:22 BST

Oracle has acquired Strategic Processing, a US-based company that holds a patent for online marketplace technology known as Interactive Market Management System.

The software manufacturer also owns the patent to Strategic's Canadian counterpart.

The Strategic patent will enhance Oracle's intellectual property portfolio.

The terms of the deal were not disclosed.

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