Oracle's Appetite For Big Enterprise Software Companies Not Yet Satisfied
from the keep-on-buying dept
Apparently, it’s the morning of multi-billion dollar tech deals. This one has been rumored for a long, long time, but Oracle is now buying Siebel for $5.8 billion. While most are saying that Oracle has done an amazing job integrating PeopleSoft quickly and efficiently, you have to wonder if they’re getting a bit cocky in their ability to merge big enterprise software companies into their own corporate structure. Also, this does seem like a big admission from Oracle that its core business is slowing down and its apps business hasn’t been very successful, so they need to buy from outside to keep growing. Obviously, the plan (as it was when they tried to build their own apps) is to have apps that push for more database sales, and by taking out many of the competitive apps, they hope that Oracle comes across as the only choice. However, to some extent, it seems like they’re focusing on buying the big legacy apps, and still ignoring the growing threats from below that look to completely undercut their market.