REDWOOD SHORES, Calif. (AP) - Business software maker Oracle Corp. said Tuesday it agreed to buy insurance policy software supplier AdminServer Inc.
| ORCL | 21.58 |
AdminServer will become a business unit of Redwood Shores, Calif.-based Oracle.
The companies did not disclose the terms of the deal, which they expect to close in the first half of 2008.
Chester, Penn.-based Adminserver had sales of $25 million in 2007 and employs 250 people.

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