FTC OKs Cloud Deals by Vonage, Oracle

The FTC approved Vonage and Oracle acquisitions of cloud companies, in early termination notices Friday. The commission OK’ed Vonage’s $230 million acquisition of Nexmo, a communications platform-as-a-service company. Also, the FTC approved Oracle’s $663 million acquisition of Textura, which provides construction contracts and payment management cloud services. The Vonage deal was announced in a May 5 news release and the Oracle deal was announced in an April 28 news release.