Oracle buys Vocado

Oracle has acquired Vocado, a California based firm that offers student-centric, cloud based financial aid solution for higher education institutions. Post-acquisition, Vocado will be integrated with Oracle Student cloud platform.

Vocado works with thousands of financial aid sources to optimize funding for any type of higher education learning model. The solution helps students identify eligibility and obtain financing so they can achieve their academic goals. Vocado integrates its financial aid solution with both cloud and on-premise Student Information Systems (SIS).

Oracle Student Cloud is the software major’s next-generation, cloud-based SIS designed for all academic models across every stage of the modern student lifecycle. Vocado adds the most advanced financial aid solution with a highly-automated and scalable platform. Together, their solution offers institutions the most complete SaaS solution suite in higher education, the company said in the statement.

This is Oracle’s second acquisition in the month of April. Just a week back the firm announced the acquisition of Grapeshot, an intelligent software solution for the marketers that help them decide their ad inventories. Grapeshot’s Contextual Intelligence Platform enables the rapid creation of highly-customized segments that allow marketers and their agencies to confidently avoid unsafe content that will damage brand equity, and close the loop via Moat Measurement. The platform also helps marketers extend global audience reach by targeting the most relevant context, including late-breaking news and trending themes, to complement Oracle Data Cloud’s custom audience segments.