Oracle outlined its integration plans for Siebel Systems on Thursday, with 2,000 job cuts among the most notable tasks at hand.
Few people in the high-tech industry have feuded as openly as Oracle's flamboyant CEO Lawrence Ellison and Thomas Siebel, the co-founder and chairman of rival enterprise software maker Siebel Systems.
Billions of dollars worth of acquisitions have bought Oracle a perhaps unexpected bonus: security lessons.
Larry Ellison said engineering rather than deal-making will be Oracle's top priority over the next two years as the company prepares for an increasingly competitive business applications market.
European Commission officials gave their blessing on Thursday to Oracle's US$5.8 billion merger with Siebel Systems, removing the last major antitrust hurdle for the enterprise software companies.
Fuelled by Oracle's acquisition of Siebel Systems, Silicon Valley once again asks itself if megamergers are good for the industry.
Few people in the high-tech industry have feuded as openly as Oracle's flamboyant CEO Lawrence Ellison and Thomas Siebel, the co-founder and chairman of rival enterprise software maker Siebel Systems.
In the midst of a hostile takeover battle for PeopleSoft, database giant Oracle already eyeing Siebel Systems.
Software maker Oracle said on Monday it will acquire rival Siebel Systems in a deal worth US$5.8 billion, marking the second major competitor the company has targeted since mid-2004.
Oracle will acquire Siebel Systems for US$5.8 billion. The long-predicted buyout will have interesting ramifications on the Australian market.
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