Oracle Acquires Tel Aviv-Based User Training Startup Iridize
Oracle intends to use Iridize’s technology to increase the adoption of its cloud applications
Founded in 2011, Iridize develops software that allows companies to create personalized user guides for cloud and web applications.
Oracle intends to use Iridize’s technology to increase the adoption of its cloud applications, according to the company’s statement.
Last week, California-headquartered Oracle reported $9.2 billion in revenues for the first quarter of the fiscal year 2018 which ended on August 31, up 1% compared with the same period last year.
Correction, Wednesday, Sept. 26: based on data from Start-Up Nation Central, a Tel Aviv-based non-profit organization managing a database of Israeli tech companies, a previous version of this article stated that Iridize has raised $25 million. In a message to Calcalist Wednesday, the company said it has not raised any funds to date.