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 NEW YORK (TheStreet) – Oracle (ORCL) - Get Oracle Corporation Reportannounced Monday it has agreed to buy Datalogix, a company that tracks audiences online to measure the effectiveness of digital marketing.

Oracle said Datalogix aggregates and provides insights on over $2 trillion in consumer spending. Datalogix has more 650 customers, including the top U.S. advertisers and digital-media publishers. Oracle says the deal will give it a better understanding of consumer profiles that will help customers with targeted online ads.

The company is adjusting to a software industry that is moving away from traditional networks and on-premise applications. Companies no longer want to manage their own servers onsite. Instead, they are using on-demand cloud service and marketing tools offered by such software vendors as Salesforce.com (CRM) - Get salesforce.com, inc. Report and Workday (WDAY) - Get Workday, Inc. Class A Report .

Last week, after reporting a 45% increase in cloud revenue for its fiscal second quarter that ended on Nov. 30, Oracle said it will become a central player in cloud-based services.

Oracle is one of the top cloud companies to watch in 2015, and with its shares trading at 14 times forward earnings estimates, which is three points lower than the average forward price-to-earnings ratio of companies in the Standard & Poor's 500 Index, the stock remains a bargain. On Monday, the shares were trading at $45.78, down 22 cents.

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Terms of the Datalogix deal weren't disclosed.

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This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

TheStreet Ratings team rates ORACLE CORP as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

"We rate ORACLE CORP (ORCL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow."

You can view the full analysis from the report here: ORCL Ratings Report

At the time of publication, the author held no position in any of the stocks mentioned.