Oracle buys Haley

Oracle has agreed to acquire RuleBurst Holdings Ltd, the parent company of Haley Ltd.

It will use Oracle’s ERP and Siebel CRM applications to create a software solution for social services agencies using Haley to drive eligibility determinations.

RuleBurst Holdings is an Australian-owned company. Their head office is in Sydney.

Haley translates legislation and policies into defined rules that are deployed in an application and social service agencies are moving to commercial software to automate entitlements.

Haley management and employees are expected to join Oracle to form a global business unit focused on enterprise policy automation solutions.

It will be led by Haley’s CEO Dominic O’Hanlon as senior vice president and general manager. Partners can also take advantage of the Oracle Partner Network program.

According to Charles Phillips, president of Oracle, Haley is used in other industries, such as financial services and insurance, to implement and manage complicated and changing policies without the need for specialised software programming.

He said after the close of the transaction, Oracle partners will benefit from working with a single vendor to address customers’ needs for complete policy administration and compliance.

“Governments and businesses face significant operating challenges with demographic shifts, globalisation and budget constraints,” said Phillips.

“Haley’s patented technology simplifies the process of managing complex legislative and business policies.”

Oracle claims with limited resources to serve a growing constituency, agencies such as social services need to administer and distribute entitlements consistently and accurately as defined by legislation.

“Haley complements Oracle’s industry-focused applications strategy,” said Dominic O’Hanlon, CEO of Haley.

“We are excited to join Oracle as a new global business unit and believe the combination will empower customers to more quickly and effectively implement, manage and ensure compliance with policies, regulations and legislation,” he added.

The transaction is subject to stockholder and governmental approvals and other customary closing conditions and is expected to close in the first quarter of calendar 2009.