Oracle Grabs PeopleSoft For $10B

Posted in: Technical Track

Oracle increased its bid by 10 percent, thereby cementing its takeover of rival PeopleSoft. The $10.3 billion deal will make Oracle the second largest maker of business applications software behind German based SAP.

When the takeover is complete, Oracle anticipates the PeopleSoft acquisition will boost its earnings by about $400 million, or 8 cents per share, during the fiscal year ending May 2006.

The fate of PeopleSoft’s roughly 12,000 employees remains unclear, but the number of pink slips may not be as substantial as originally rumored. read article.

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About the Author

As Pythian’s Chief Executive Officer, Paul leads this center of excellence for expert, outsourced technical services for companies whose systems are directly tied to revenue growth and business success. His passion and foresight for using data and technology to drive business success has helped Pythian become a high-growth global company with over 400 employees and offices in North America, Europe, and Asia. Paul, who started his career as a data scientist, founded Pythian when he was 25 years old. In addition to driving the business, Paul is a vocal proponent of diversity in the workplace, human rights, and economic empowerment. He supports his commitment through Pythian’s hiring and retention practices, his role as board member for the Basic Income Canada Network, and as a supporter of women in technology.

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