Oracle Expands Business With Hyperion Solutions
Oracle announced the acquisition of Hyperion Solutions, the developer of a performance evaluation system for companies. The deal amounted to $ 3.3 billion.
Oracle has been and remains one of the most aggressive “buyers” of technology companies. Previously, Oracle’s main competitors, PeopleSoft and Siebel, were in the company's assets. It is understandable: if there is money and a desire to absorb an opponent, then why not? In total, Oracle spent $ 20 billion on such acquisitions, starting in 2005.
In addition, the deal will be beneficial for Hyperion, which will gain access to the partner network of Oracle. All legal formalities are planned to be completed by the end of April.
via New York Times
Oracle has been and remains one of the most aggressive “buyers” of technology companies. Previously, Oracle’s main competitors, PeopleSoft and Siebel, were in the company's assets. It is understandable: if there is money and a desire to absorb an opponent, then why not? In total, Oracle spent $ 20 billion on such acquisitions, starting in 2005.
In addition, the deal will be beneficial for Hyperion, which will gain access to the partner network of Oracle. All legal formalities are planned to be completed by the end of April.
via New York Times