Oracle to buy Responsys for $1.39B

Oracle Corp., the world's No. 2 business software maker, has penned a deal to purchase web-based marketing software creator Responsys Inc. for roughly $1.39 billion.

The move is expected to boost Oracle's cloud computing offerings, a service the company was late to introduce, according to a report from The Punch.

Responsys makes cloud-based software that businesses use to manage their marketing campaigns across email, mobile and the Internet. Its customers include LinkedIn, Southwest Airlines and United Healthcare.

Read more from The Punch.