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    Wednesday, May 16, 2007

    Oracle Invests In Sophoi
    Redwood Shores-based Oracle announced Wednesday afternoon that it has invested in Los Angeles-based Sophoi, a developer of enterprise intellectual property management software. The strategic minority investment comes shortly after Oracle and Sophoi announced a partnership to provide solutions to the media and entertainment industry. Financial terms of the deal were not disclosed, however a source close to the deal told socalTECH that the investment was worth $17.5M. Oracle said it will appoint two individuals to Sophoi's board of directors as part of the investment. Morgan Joseph advised Sophoi in the deal.
    posted on Wednesday, May 16, 2007 (Link to more information)

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