Oracle buys Stellent
Software giant gains 4,700 customers in deal
ORACLE’S SOFTWARE spending spree shows no sign of slowing down, with the firm this month snapping up Stellent, a content management provider, for US$440million.
Oracle CEO Larry Ellison has already racked up more than US$20 billion in purchases since early 2005, including the multibillion dollar capture of former rivals PeopleSoft and Siebel.
The latest acquisition will boost Oracle’s existing content management solutions portfolio, which includes Oracle Content Database. Stellent offers software which allows companies to manage web content, information rights, software, records retention and corporate compliance, such as software to maintain organisations’ electronic filing systems.
Stellent has 4,700 customers worldwide, including Procter & Gamble, Merrill Lynch, and Coca- Cola FEMSA. The deal is expected to be wrapped up by the end of this year or early 2007.
At its OpenWorld event in San Francisco USA last month Oracle announced another acquisition — that of MetaSolv Software, which specialises in products for the telecommunications business — for US$219million.
At the same event Ellison urged attendees there would be no pressure put on clients to upgrade to Oracle’s long awaited Fusion line of applications when they appear from 2008. “We have no interest in moving anyone who wasn’t ready,” he said.