UKOCN - Market News
Oracle Buys Taleo
Oracle today (9 February 2012) announced that it has entered into an agreement to acquire Taleo Corporation (NASDAQ:TLEO), a leading provider of cloud-based talent management for $46.00 per share or approximately $1.9 billion, net of Taleo’s cash and debt. Taleo’s Talent Management Cloud helps organizations attract, develop, motivate and retain human capital to improve performance and drive growth.
Oracle Misses Wall Street Forecasts
The news that Oracle missed Wall Street forecasts sent its shares tumbling 9% and raised demand fears. It is the first time since 2008 that Oracle had reported a decline in its revenues from maintenance on its software. Second quarter revenue rose 2% from last year to $8.8 billion while profits rose to $2.19 billion from $1.87 billion last year, reports ‘The Times’.
Oracle Buys RightNow
Adds Leading Customer Service Cloud Offering to Oracle’s Public Cloud
Oracle Buys Endeca
Combination provides best-in-class technology and applications for unstructured data management, business intelligence, and web commerce
Oracle today announced that it has entered into an agreement to acquire Endeca Technologies, Inc., a leading provider of unstructured data management, web commerce and business intelligence solutions.
Oracle’s $1.3 Billion U.S. Verdict Against SAP Thrown Out
Sept. 2 (Bloomberg) -- Oracle Corp.'s $1.3 billion copyright-infringement verdict against SAP AG, the largest maker of business-management software, was overturned by a federal judge who called the award "grossly excessive.".
U.S. District Judge Phyllis Hamilton in Oakland, California, yesterday granted SAP's motion to throw out the verdict. She ruled that SAP should get a new trial for damages if Oracle rejects her decision to reduce the amount to $272 million, which she said should be the maximum in damages based on the evidence at trial.
Oracle Accuses HP of Fraud, Libel in Cross-Complaint Suit
Aug. 30 (Bloomberg) -- Oracle Corp. accused Hewlett-Packard Co. of fraud and libel, saying a settlement agreement between the two companies over Oracle’s hiring of former HP chief Mark Hurd was unfair and that HP defamed Oracle with allegations that the company bullies its customers.
Oracle Buys Ksplice
Oracle Linux Enhanced with Zero Downtime Software Updates
Oracle today announced that it has acquired Ksplice, Inc., the creator of innovative zero downtime update technology for Linux. The transaction has closed.
The addition of Ksplice’s technology will increase the security, reliability and availability of Oracle Linux by enabling customers to apply security updates, diagnostics patches and critical bug fixes without rebooting.
Oracle Buys Pillar Data Systems
Oracle Adds to its Storage Portfolio
Oracle today announced that it has entered into an agreement to acquire Pillar Data Systems, a leading provider of innovative and highly scalable SAN Block I/O storage systems that provide exceptional performance scaling characteristics with patented Quality of Service.
The combination is expected to help Oracle deliver a complete line of storage products that runs Oracle software faster and more efficiently.
Oracle Reports Q4 Results
Q4 Software New License Sales Up 19%, Q4 Total Revenue Up 13%
Oracle's fiscal Q3 profit surges 78% on broad-based growth
Software company saw revenue growth of 30% or higher across its geographic footprint
