ORACLE TO BUY VERSATILITY

Oracle Corp., has agreed to purchase Versatility Inc., of Fairfax Virginia for $16 million in cash. Versatility designs software to help companies keep track of telemarketing and other outbound calls. Oracle is a large provider of business software for inbound call center functions. Versatility shareholders will receive $1.50 per share, compared with its last trading price of $1.44. Versatility reported a loss of $27 million last year. Last month, the company announced that the Nasdaq Stock Market had delisted its common stock because the company did not meet its minimum requirement of $10 million in tangible assets.