The joint venture is part of an agreement between Oracle and the government to support start-ups.
End-user performance intelligence solutions developer Aternity Inc. is setting up a joint venture with Oracle Corporation (Nasdaq;ORCL) and the Office of the Chief Scientist as part of an agreement signed by Oracle and the Israeli government to increase support for start-up companies and independent software vendors.
The company says that the joint venture will generate more than $10 million revenue over the next three years.
Published by Globes [online], Israel business news - www.globes-online.com - on December 13, 2007
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