Oracle to acquire DataFox to optimize its business decisions

A premier business analytics platform, DataFox, is being bought out by the tech giant Oracle. Oracle announced yesterday that it has signed an agreement declaring its interest in the business analytics company to help boost its business decisions.

DataFox, since its inception in 2014, has grown and has made name for itself in the tech community for optimizing business decisions based on its cloud-based Artificial Intelligence data engine. Its derived business content brings in the “most current, precise and expansive set of company-level information.”

Its insightful technology has won it big customers like Goldman Sachs, Twilio and Bain & Company. It extracts data on over 2.8 million public and private businesses and adds around 1.2 million businesses every year, according to Oracle. Oracle in its blog post, wrote: “The combination of Oracle and DataFox will enhance Oracle Cloud Applications with an extensive set of trusted company-level data and signals, enabling customers to reach even better decisions and business outcomes.”

Although the terms and conditions of the agreement were not disclosed by Oracle, DataFox is a great acquisition. It is bound to raise its cloud-based intelligence that will help its customers reach better business outcomes.