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(ORCL) - Get Oracle Corporation Report

signed an agreement with


(C) - Get Citigroup Inc. Report

to integrate the companies' technologies and services.

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Shares of Oracle were recently higher by 11.9%, or $2.94, to $27.69 in


trading, while Citigroup gained 1.7%, or 88 cents, to $51.38 on the

New York Stock Exchange


Financial services giant Citigroup will integrate Citibank's payment and settlement capabilities into Oracle's market exchange. Citigroup will also transact internal spending through Oracle's open marketplace, implement the software maker's Internet procurement system worldwide and market services to its corporate client base.

Citigroup will also embed its financial services into Oracle technology, including, using Citibank's CitiConnect integrated financial system that allows business-to-business participants to initiate settlement for goods and services online, at the time of the transaction.