Software giant Oracle Corporation has informed that it has reached an agreement with Global Knowledge Inc., to acquire its software division christened Knowledge Software (GKS) LLC.

Oracle plans to form a global sales unit to expand its focus on non-Oracle applications using Global Knowledge products, which it said would extend its software training offering.

North Carolina-based software company, which has around 1,200 employees, working at various locations across the globe, has posted roughly $300 million in revenue in
2007. The company, long owned by New York investment firm Welsh, Carson, Anderson & Stowe, is one of the country's largest IT training firms. However, the financial terms of the deal for the division weren't disclosed. The unit's more than 125 employees are expected to become employees of Oracle after the deal closes. The deal is expected to be closed by third quarter of 2008.