Enhances Oracle's Insight-Driven Retail Solution Suite with 3D Visual Macro Space Planning

    REDWOOD SHORES, Calif., Oct. 1 /PRNewswire-FirstCall/ --
    News Facts
    --  Oracle today announced that it has entered into an agreement to
        acquire Advanced Visual Technology Ltd. (AVT), a leading provider of
        3D visual macro space planning software for retailers.
    --  AVT enables retailers to collaborate with their stores and supplier
        partners to design and plan retail floor space in real time with a
        current photo-realistic view of each store.
    --  AVT products combined with Oracle Retail's comprehensive application
        suite is expected to increase the profitability of a store's selling
        space through enhanced space allocation and performance monitoring
        across categories, aisles, departments and the entire store.
    --  AVT employees and management are expected to join the Oracle Retail
        Global Business Unit.
    --  The transaction is expected to close in the second half of 2008.
        Until the deal closes, each company will continue to operate
        independently.  Financial details of the transaction were not
        disclosed.

    Supporting Quotes
    --  'Adding AVT to our portfolio of retail applications further builds on
        our strategy of providing broad and deep industry solutions that help
        transform the economics of retail businesses,' said Duncan Angove,
        Senior Vice President and General Manager, Oracle Retail. 'The
        combination of Oracle and AVT will create an industry-leading macro
        space management solution that will maximize profitability through
        better allocation of selling space.  This will help enable retailers
        to gain rapid and profitable ROI from every inch of store space and
        help Oracle further realize its vision for insight-driven retailing.'
    --  'Some of the world's leading retail companies already use AVT products
        to deliver optimized return on space utilization and retail customer
        experience,' said Victor Baneth, CEO of Advanced Visual Technology.
        'AVT's 3D visual macro space planning, collaboration and compliance
        capabilities will add to Oracle Retail's growing list of solutions
        that can help stores and retailers maximize profitability.'

    Supporting Resources
    --  Oracle-Advanced Visual Technology information page
       (http://www.oracle.com/avt/index.html)
    --  Customer Letter
       (http://www.oracle.com/avt/customer-letter.html)
    --  Partner Letter
       (http://www.oracle.com/avt/partner-letter.html)
    --  Overall Presentation
       (http://www.oracle.com/avt/avt-general-presentation.pdf)
    --  About Oracle Retail
       (http://www.oracle.com/industries/retail/index.html)

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SOURCE Oracle