Bitzer Mobile, a US-based mobile applications management software company backed by investors including Chevron Technology Ventures, the corporate venturing unit belonging to energy conglomerate Chevron, has been acquired by US-based technology company Oracle.

Bitzer Mobile was co-founded by Ali Ahmed, Naeem Zafar in 2011. In November 2011, it raised $4.8m from investors including Chevron Technology Ventures. The round was led by Acero Capital, and the final series A figure included $1.5m originally secured in July 2011.

Oracle stated the acquisition…