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Oracle's on the Prowl
On the heels of an acquisition splurge, Oracle Corp. (Nasdaq: ORCL) is planning even more M&A activity over the coming months.
Speaking on a conference call organized by SG Cowen Securities, Oracle CFO Greg Maffei acknowledged the company is still on the prowl for new blood. He said that, in addition to growing organically, Oracle is committed to fleshing out its product portfolio around certain industry verticals.
Maffei would not reveal any specifics, but he hinted that Oracle is on the lookout for some bite-sized morsels after stumping up $11 billion and fighting an 18-month war of attrition to claim PeopleSoft Inc. (Nasdaq: PSFT) (see Oracle Takes Control of PeopleSoft).
"We're going to be rigorous, as we were with PeopleSoft, in making sure that it is a digestible acquisition," he said. Potential targets would also be "accretive" to Oracle's financial performance, he added.
Earlier this year, Oracle outbid archrival SAP AG (NYSE/Frankfurt: SAP) to get its hands on retail specialist Retek Inc., and Maffei's comments suggest that the company is planning more of the same (Oracle Acquires Retek and Oracle Gets German OK for Retek).
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