Bureau buys financial software

The Bureau of the Public Debt awarded a contract Monday worth up to $7 million

for off-the-shelf financial software from Oracle Corp.

The browser-based system will be used to manage customer accounts and keep

track of reimburseable and appropriated funds for agencies, including the

Office of the Inspector General at the Department of Housing and Urban Development,

according to Tammie Johnson of BPD's contract office.

Oracle, which is expected to release its fourth-quarter earnings on Dec.

14, would not comment on the contract award. Under U.S. Securities and Exchange

Commission regulations, a public company cannot comment on any financial

dealings within 30 days of an earnings statement.

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