Phase Forward Announces Stockholder Approval of Merger Agreement

WALTHAM, Mass.--(BUSINESS WIRE)--Phase Forward Incorporated (NASDAQ: PFWD), a leading provider of data management solutions for clinical trials and drug safety, announced that, at a special meeting of its stockholders held on June 22, 2010, the holders of a majority of the outstanding shares of common stock of Phase Forward adopted the previously announced merger agreement dated as of April 15, 2010 among Phase Forward, Oracle Corporation (“Oracle”) and Pine Acquisition Corporation, a Delaware corporation and a wholly-owned subsidiary of Oracle.