Oracle To Acquire Carleton Corporation

Oracle Corporation and Carleton Corporation announced the completion of Oracle's acquisition of Carleton. At a Special Meeting of Shareholders, Carleton's shareholders approved the merger in which Carleton became a whollyowned subsidiary of Oracle Corporation. The cash transaction is valued at approximately $8.7 million in the aggregate. Pursuant to the merger, Carleton shareholders are now entitled to receive $2.45 in cash for each share of Carleton Common Stock. EquiServe, the Paying Agent for the merger, will send each shareholder a Letter of Transmittal with instructions as to the procedure for exchanging shares for the cash merger consideration.

The acquisition of Carleton accentuates Oracle's Intelligent Webhouse initiative. As part of Oracle Warehouse Builder, Carleton's Pure*Integrate software will try to create a consistent, consolidated view of customer data by using name and address data cleansing, matching and merging capabilities to identify unique customers and households used in Customer Relationship Management e-business applications. Carleton's Pure*Extract software will accelerate the process of preparing information for data warehouses by integrating vast quantities of data from many different sources, including more than forty types of mainframe and legacy database systems. Carleton also brings a strong customer base in the telecommunications and financial services sectors, which are key industries for Oracle.

For more information, visit http://www.oracle.com.