Oracle has invested more on acquiring cloud based companies in the recent past. Lats week they announced acquisition of cloud based Project & Portfolio Management company Instatntis for an undisclosed amount.
Instantis has EPPM product that provides a single-system solution for managing multiple project portfolio types.
Oracle acquired Primavera one of a major project and portfolio management softwares in 2007. Now this acquisition shows their concentration on cloud business.
In the last one year Oracle has acquired the following cloud companies
Instantis has EPPM product that provides a single-system solution for managing multiple project portfolio types.
Oracle acquired Primavera one of a major project and portfolio management softwares in 2007. Now this acquisition shows their concentration on cloud business.
In the last one year Oracle has acquired the following cloud companies
- RightNow Technologies for $1.5 billion- Cloud based CRM
- Collective Intellect - Social Media Analytics and CRM
- SelectMinds - Social talent souring and alumini management solution
- ClearTrial - Clinical trial operations and analytical products
The cloud business has now started to consolidate. Many big companies are acquiring related cloud companies and started providing solution for enterprise.
Oracle's previous big acquisition includes
- PeopleSoft for $10 billion
- BEA Systems for $8.5 billion
- Sun Microsystems for $7.4 billion
- Siebel Systems $5.8 billion
- Hyperion Corporation for $3.3 billion
- Taleo for $1.9 billion
- Primavera
In the next couple of years cloud business is going to be hot and all the early entrants who are able to provide end to end solution for enterprise will see a exponential growth.
Saravanan
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