Oracle Corp. is looking to expand the analytics capabilities of its cloud platform with a new strategic acquisition.

The technology giant this morning announced that it has inked an agreement to buy DataScience.com Inc., a venture-backed startup with a platform for powering analytics projects. The software, which can run both in the cloud and on companies’ in-house infrastructure, is touted as a “fully governed workspace” for data science teams.

DataScience.com enables users to set up a customized environment for their projects via a fairly simple wizard. Analytics professionals can specify how much computing power, memory and storage capacity they require, as well as define the configuration settings. If they’re running the platform in the cloud, they also have the option of setting up an environment on virtual machines equipped with graphic processing units, which are useful for artificial intelligence projects.

Customers can use a variety of analytics tools in their deployments. DataScience.com supports Jupyter Notebooks, RStudio and other popular data science tools, as well as leading artificial intelligence development tools such as TensorFlow.

Oracle plans to bring the platform to its public cloud following the acquisition. The software should complement the company’s existing lineup of data science and AI services, which was most recently expanded last month. Oracle introduced three new tools in April aimed at enabling marketers to extract audience insights from their companies’ customer records.

“With the combination of Oracle and DataScience.com, customers will be able to harness a single data science platform to more effectively leverage machine learning and big data for predictive analysis and improved business results,” Amit Zavery, the executive vice president of Oracle Cloud Platform, said in a statement.

Bringing new technology into the fold through acquisitions is one way for the company to try to boost the growth of its cloud business. The division saw revenue jump 32 percent last quarter, to $1.57 billion, which represents an impressive increase but was less than what Wall Street had expected.

Oracle didn’t disclose the financial terms of the DataScience.com deal. The buyout comes just a few weeks after Oracle’s previous acquisition, a company called Grapeshot Ltd. that has built a platform for helping brands ensure their online ads only show up in appropriate places.

Image: Oracle