Oracle Buys Tacit's IP

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I've blogged once before about email-sniffing Tacit Software and its founder (and my old boss) David Gilmour.  So I was a bit saddened to read this story on VentureBeat entitled Oracle Scoops Up Tacit's Intellectual Property.

Now, happily, I lack personal experience in such matters, but I think that "normally" when software companies sell their IP assets to Oracle, it's a -- uh -- bad sign.  I take it to mean that (1) the company's winding down operations, (2) that no one wishes to buy the business as a going-concern, thus purchasing both all assets and all liabilities, and ergo (3) that -- in the absence of other interest -- someone can come along and simply buy all or some of the assets.

I'd not seen any stories on Tacit shutting down, so I was surprised to hear they were selling IP to Oracle.  This Network World story has a little more detail, but the final clue came from Oracle's website, here:


It looks as if it's "goodbye Tacit" and presumably "poof" to most of the $29M in venture capital invested.