Dataconomy
  • News
  • AI
  • Big Data
  • Machine Learning
  • Trends
    • Blockchain
    • Cybersecurity
    • FinTech
    • Gaming
    • Internet of Things
    • Startups
    • Whitepapers
  • Industry
    • Energy & Environment
    • Finance
    • Healthcare
    • Industrial Goods & Services
    • Marketing & Sales
    • Retail & Consumer
    • Technology & IT
    • Transportation & Logistics
  • Events
  • About
    • About Us
    • Contact
    • Imprint
    • Legal & Privacy
    • Newsletter
    • Partner With Us
    • Writers wanted
Subscribe
No Result
View All Result
Dataconomy
  • News
  • AI
  • Big Data
  • Machine Learning
  • Trends
    • Blockchain
    • Cybersecurity
    • FinTech
    • Gaming
    • Internet of Things
    • Startups
    • Whitepapers
  • Industry
    • Energy & Environment
    • Finance
    • Healthcare
    • Industrial Goods & Services
    • Marketing & Sales
    • Retail & Consumer
    • Technology & IT
    • Transportation & Logistics
  • Events
  • About
    • About Us
    • Contact
    • Imprint
    • Legal & Privacy
    • Newsletter
    • Partner With Us
    • Writers wanted
Subscribe
No Result
View All Result
Dataconomy
No Result
View All Result

Oracle Gearing Up For $6 Billion Purchase

by admin
June 18, 2014
in BI & Analytics, News
Home Topics Data Science BI & Analytics
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsAppShare on e-mail

Follow @DataconomyMedia

The enterprise software giant Oracle is nearing a $6 billion deal with hospitality software maker Micros Systems, according a report from Bloomberg. While Oracle and Micros did not comment, FBR Capital Markets analyst Daniel Ives said that Oracle competitors could offer a higher bid to drive up the price. “We believe the most likely candidates would be SAP or IBM, which offers WebSphere, its own enterprise class e-commerce platform,” FBR Capital Markets analyst Daniel Ives said.

The announcement of Oracle’s potential acquisition is a sign of Larry Ellison’s, Oracle’s Chief Executive Officer, plans to combat the sluggish sales growth of the company over the past 10 quarters. As the Bloomberg article points out, “Oracle was late to the market for Internet-based cloud software and is now rushing to remake itself as a provider of gear and programs to underpin its clients’ shift to Web-based computing.”

Although the companies are in exclusive talks, and could fail to reach an agreement, this could be Oracle’s largest purchase since it bought Sun Microsystems for $5.7 billion in 2009. In the last ten years, the company has spent $50 billion to acquire nearly 100 companies. Indeed, the announcement of Oracle’s negotiations with Micro Systems is following a similar “acquire-and-lead” strategy, which could pay off with huge returns in the future. As Wedbush analyst Gil Luria put it, “Oracle has a lot of other verticals and this would be a vertical investment for them, and a sensible move.”

After the Bloomberg article, Micro Systems’ shares were up 16 percent at $67.10 in mid-day trading on the Nasdaq, while Oracle’s were up by 1 percent. Oracle will report its quarterly earnings on Thursday.


Join the Partisia Blockchain Hackathon, design the future, gain new skills, and win!


Read more here

Follow @DataconomyMedia

(Image Credit: Håkan Dahlström)

Tags: Micros SystemsNewsOracleWeekly Newsletter

Related Posts

How did ChatGPT passed an MBA exam

How did ChatGPT passed an MBA exam?

January 27, 2023
What is Analytics as a Service (AaaS): Examples

Transform your data into a competitive advantage with AaaS

January 26, 2023
Google code red: ChatGPT and You.com like AI-powered tools threatening the search engine. Moreover, latest Apple Search rumors increased the danger.

Google code red: ChatGPT, You.com and rumors of Apple Search challenge the dominance of search giant

January 26, 2023
Top 4 business intelligence reporting tools       

Transforming data into insightful information with BI reporting

January 25, 2023
T-Mobile data breach 2023 explained: Learn how did the leak happen and explore T-Mobile data breach history. It is not the first time of the company

T-Mobile data breach 2023: The telecom giant got hacked eight times in the last six years

January 20, 2023
Microsoft layoffs 2023: Amazon job cuts that affect 11,000 employees explained. Big tech layoffs continue... Learn why and what will happen next.

Microsoft layoffs will affect more than 11,000 employees

January 18, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

LATEST ARTICLES

AI Text Classifier: OpenAI’s ChatGPT detector indicates AI-generated text

A journey worth taking: Shifting from BPM to DPA

BuzzFeed ChatGPT integration: Buzzfeed stock surges after the OpenAI deal

Adversarial machine learning 101: A new cybersecurity frontier

Fostering a culture of innovation through digital maturity

Nvidia Eye Contact AI can be the savior of your online meetings

Dataconomy

COPYRIGHT © DATACONOMY MEDIA GMBH, ALL RIGHTS RESERVED.

  • About
  • Imprint
  • Contact
  • Legal & Privacy
  • Partnership
  • Writers wanted

Follow Us

  • News
  • AI
  • Big Data
  • Machine Learning
  • Trends
    • Blockchain
    • Cybersecurity
    • FinTech
    • Gaming
    • Internet of Things
    • Startups
    • Whitepapers
  • Industry
    • Energy & Environment
    • Finance
    • Healthcare
    • Industrial Goods & Services
    • Marketing & Sales
    • Retail & Consumer
    • Technology & IT
    • Transportation & Logistics
  • Events
  • About
    • About Us
    • Contact
    • Imprint
    • Legal & Privacy
    • Newsletter
    • Partner With Us
    • Writers wanted
No Result
View All Result
Subscribe

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Policy.