Media storage company Front Porch Digital has been acquired by Oracle

Oracle has signed an agreement to acquire Front Porch Digital, a provider of technology for migrating, managing and monetizing large-scale media content. The financial terms of the transaction were not disclosed. Oracle said late Sunday that it expects the transaction to be closed this year. Front Porch Digital will continue to operate as an independent company until then. Front Porch in Lafayette, Colorado, helps manage over 750 petabytes of data for its over 550 customers that include companies in media and entertainment, government agencies, and sports organizations.