End of buying spree for Oracle ?
Oracle agreed to acquire Siebel Systems (SEBL ) in a deal valued at about $5.85 billion, at $10.66 cash per Siebel Systems share.source
Oracle, which recently gained control of i-flex by picking up 44 per cent stake in the company, will be shortly making an open offer to buy a further 20 per cent in this banking software product firm in a total deal expected to be around $900 million.source
Whats ahead for Oracle
Oracle already has a mammoth job combining the code bases of PeopleSoft ( $10.3B deal for rival, ending 18-month takeover battle.)and J.D Edwards with its own into Fusion, its next-generation application platform. Adding Siebel makes it that much tougher but it seems this takeover has two major consequences and factors driving them :
Now the hard tasks lay ahead for Oracle - that of restructuring and consolidation, lets see what happens and how SAP responds ,for starters this was a comment made "Oracle's strategy is buying customers. Ours is serving customers," says a SAP spokesman .
Oracle agreed to acquire Siebel Systems (SEBL ) in a deal valued at about $5.85 billion, at $10.66 cash per Siebel Systems share.source
Oracle, which recently gained control of i-flex by picking up 44 per cent stake in the company, will be shortly making an open offer to buy a further 20 per cent in this banking software product firm in a total deal expected to be around $900 million.source
Whats ahead for Oracle
Oracle already has a mammoth job combining the code bases of PeopleSoft ( $10.3B deal for rival, ending 18-month takeover battle.)and J.D Edwards with its own into Fusion, its next-generation application platform. Adding Siebel makes it that much tougher but it seems this takeover has two major consequences and factors driving them :
- - aggressive plan to topple Germany's SAP AG as the world's largest maker of business applications software
- - core database software business is slowing, and it was too late to the applications game to build competing products organically, the way SAP did.
- - to expand beyond general purpose ERP (enterprise resource planning) applications and into more industry specific software
- - 4,000 additional corporate customers Oracle has just acquired through acquisitions
Now the hard tasks lay ahead for Oracle - that of restructuring and consolidation, lets see what happens and how SAP responds ,for starters this was a comment made "Oracle's strategy is buying customers. Ours is serving customers," says a SAP spokesman .