Oracle for possible takeover of REvolution Computing

Updated – Mr Smith gave an update in the comments section confirming the post.

From the press release –

Palo Alto, California – April 1, 2010 – REvolution Computing, the leading commercial provider of software and support for the open source “R” statistical computing language, announced that its CEO, Norman Nie, and Vice President of Community and Product Marketing, David Smith, will join Larry Ellison and other senior executives  of Oracle  at the 2010 Oracle  Business Conference at the Palace Hotel in San Francisco on April 17-18.

This meeting is to discuss exciting embedded analytical opportunities and will closely relate to an exciting announcement of recent breakthroughs by their product teams on in-database analytics.

Nie, Smith and Ellison will be available to meet with analysts, reporters and prospective business partners and clients interested in learning more about REvolution’s enterprise software and solutions for predictive analytics based on open source “R,” including new developments in REvolution’s products and recent deployments at leading pharmaceutical and financial services companies.

REvolution Computing is a featured portfolio company of North Bridge Venture Partners, a leading investor in open source companies.

Author: Ajay Ohri

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