• Nov. 21, 2016, 8:16 AM
    • Oracle (NASDAQ:ORCL) acquires cloud and DNS specialist Dyn for an undisclosed amount.
    • Dyn is focused on monitoring and optimizing Internet  applications and cloud services for more than 3,500 enterprise customers, including major brands such as Netflix, Twitter and Pfizer.
    • "Dyn's immensely scalable and global DNS is a critical core component and a natural extension to our cloud computing platform," says Oracle exec Thomas Kurian
    • Source: Press Release
    Nov. 21, 2016, 8:16 AM | 10 Comments
  • Nov. 7, 2016, 12:40 PM
    • Subsequent the company's (N) $109 per share, cash merger with Oracle (ORCL +2%effective today. With doubt cast over the deal prior to formal disclosure late Friday that tender conditions were to be met, NetSuite shares had been trading around an unconvinced $94 level, though are consequently now to a halted $108.99.
    • Additional SEC forms filed today – SC 14D9/ASC TO-T/ASC 13E3/A
    Nov. 7, 2016, 12:40 PM | 2 Comments
  • Nov. 5, 2016, 4:19 AM
    • To be finalized Monday, November 7.
    • Approximately 21.775M (20.4M required) unaffiliated shares tendered, representing 53.21% of total unaffiliated share count. Overall shares tendered amount to 62.3M, or 76.39% of total issued and outstanding shares.
    • Press release
    Nov. 5, 2016, 4:19 AM | 22 Comments
  • Nov. 4, 2016, 5:51 PM
    • Shares in NetSuite (NYSE:N) were volatile all day, though have at present moved 4% upward to $94 in extended trade.
    • A form 4 SEC filing has additionally come through today with T. Rowe Price, NetSuite's largest unaffiliated shareholder, unloading 47K shares at a $89.27 level, bringing overall ownership to 14.34M.
    • Minimum tender conditions relating to the deal call for 20.4M of 40.8M total unaffiliated shares.
    • T. Rowe Price has voiced support for a buyout at $133 per share while Oracle's (NASDAQ:ORCL) kept firm at $109.
    • The potential merger, set to terminate by end of day, remains on watch until anything conclusive is announced.
    Nov. 4, 2016, 5:51 PM | 18 Comments
  • Nov. 3, 2016, 3:01 PM
    • To $92.89. Oracle's (ORCL +0.6%) offer for NetSuite (NYSE:N) at $109 per share is set to expire tomorrow should minimum tender conditions (20.4M out of 40.8M total unaffiliated shares) not be met beforehand.
    • Latest SEC filings (November 2) – 3SC 13DSC 14D9
    Nov. 3, 2016, 3:01 PM | 14 Comments
  • Oct. 31, 2016, 3:57 PM
    • Brocade Communications (NASDAQ:BRCD) is up 22.3% and hanging right at 52-week high range after news that it's in talks to sell itself and getting close to the end of that process.
    • A deal could be announced this week, Bloomberg reports, and one of the interested parties is reportedly Broadcom (AVGO +0.7%), which could be interested in supplementing its switch-chip business with Brocade's networking gear. Broadcom CEO Hock Tan has said he's interested in acquisitions.
    • Such a deal might allow for better competition against much bigger rival Cisco Systems (CSCO +0.4%). "A purchase by Broadcom (Avago) would be a strategic move by Broadcom to vertically integrate in an IP switching and routing market that has increasingly moved to merchant silicon," notes Stifel analyst Aaron Rakers.
    • He's maintained a Hold rating and $10 price target (the boost today has put Brocade at $10.63). He doesn't know any inside information about activity around Brocade this week but notes that for years, talk has persisted that Brocade might sell itself to suitors like H-P (NYSE:HPQ), Oracle (NASDAQ:ORCL) or IBM (NYSE:IBM).
    • With current net debt (about $440M) and at $11/share, Brocade would come at about a $4.9B enterprise value, 7.3 times EBITDA, he says.
    Oct. 31, 2016, 3:57 PM | 5 Comments
  • Oct. 28, 2016, 9:51 AM
    Oct. 28, 2016, 9:51 AM | 24 Comments
  • Oct. 26, 2016, 1:24 PM
    • Oracle's set a final, November 4, deadline for tender expiration involving the deal. Should minimum terms (20.4M affiliated shares, 40.8M unaffiliated shares) not be met, Oracle plans to terminate the arrangement.
    • Analyst Kash Rangan projects if this happens, NetSuite shares would fall dramatically. His current price target is $68, NetSuite's current price is hovering around $100.
    • Deal offered at $109 per share terms.
    • NetSuite (N -0.8%) and Oracle (ORCL -0.1%) are both are trading 7% lower since the plan was fist announced in late July.
    Oct. 26, 2016, 1:24 PM | 13 Comments
  • Oct. 7, 2016, 9:43 AM
    • Deadline set for November 4.
    • Oracle (ORCL -0.1%) to terminate prospective acquisition should minimum tender conditions not be met (20.4M out of 40.8M total unaffiliated shares).
    • All-cash $109 per NetSuite (N -4%) share structure reiterated.
    Oct. 7, 2016, 9:43 AM | 5 Comments
  • Sep. 19, 2016, 9:41 AM
    • With Oracle (ORCL +0.6%) looking to take its presence in the cloud to greater heights, an increased focus on security is critical.
      Oracle's SVP of Identity Management and Security Products Peter Barker: "Together, Oracle and Palerra will help accelerate cloud adoption securely by providing comprehensive identity and security cloud services. The combination of Oracle Identity Cloud Service (IDaaS) and Palerra’s CASB solution plan to deliver comprehensive protection for users, applications and APIs, data, and infrastructure to secure customer adoption of cloud."
    • Palerra was founded in 2013 and its team is expected to join Oracle. Terms of the deal were not disclosed.
    • Oracle press release
    • Palerra press release
    Sep. 19, 2016, 9:41 AM | 3 Comments
  • Sep. 13, 2016, 5:19 PM
    • In a Bloomberg interview, Marc Benioff comments that Oracle's (NASDAQ:ORCL) NetSuite (NYSE:Nacquisition marks a "desperation move" and doesn't feel Oracle will become a stronger CRM competitor because of it. He goes on to cite Larry Ellison's largest NetSuite shareholder status and claims the company was something he simply wanted to have.
    • The $9.3B, $109 per share deal was announced in July, though some recent pushback by shareholder T. Rowe Price to the terms have complicated its closing.
    • Oracle reports Q1 2017 results on Thursday with its share price moderately lower (2.45%) since the NetSuite deal was disclosed. Salesforce (NYSE:CRM), meanwhile, has also realized issues of late, trading down 8% since releasing its Q2 report on the last day of August.
    Sep. 13, 2016, 5:19 PM | 5 Comments
  • Jul. 28, 2016, 11:59 AM
    • Oracle (ORCL -0.1%) and NetSuite (N +18%) are expected to "coexist in the marketplace forever" according to Oracle CEO Mark Hurd.
    • Today's deal signifies a move by Oracle to strengthen its cloud position in the ERP, CRM, e-commerce and PSA spaces.
    • Most notably, though, is NetSuite's command of the cloud ERP market. The company notes its solution is "the world's most deployed" and counts more than 30,000 customers in more than 160 countries.
    • The buyout immediately enables Oracle's access to NetSuite's clients, typically smaller and more medium-sized businesses than the larger enterprises Oracle has conventionally provided services to.
    • Merging Oracle's existing initiatives with NetSuite's platforms and clientele in these spaces registers Oracle increasingly competitive in an enterprise cloud market already filled with strong offerings from Salesforce, Microsoft, SAP, IBM and others.
    • Consequently, cloud players comparable in size to NetSuite pre-deal are now up against a much larger opponent.
    Jul. 28, 2016, 11:59 AM | 3 Comments
  • Jul. 28, 2016, 9:16 AM
    • Oracle (NYSE:ORCL) and NetSuite (NYSE:N) have come to terms on an all-cash $109 per share deal.
    • Larry Ellison, executive chairman and chief technology officer of Oracle, is NetSuite's largest shareholder.
    • The agreement aims to push Oracle's cloud capabilities further and management feels the deal will have an immediate accretive impact on earnings.
    • The sale is expected to close this year pending regulatory and shareholder approvals.
    • NetSuite is higher by 18.2% to $108.24. Oracle +0.9%
    Jul. 28, 2016, 9:16 AM | 7 Comments
  • May 2, 2016, 8:19 AM
    • Opower (NYSE:OPWR) +29.2% premarket after the provider of customer engagement and energy efficiency cloud services to utilities agrees to be acquired by Oracle (NYSE:ORCL) in a deal valued at ~$532M.
    • ORCL will pay $10.30/share in cash, representing a 30% premium to Friday's OPWR closing price.
    • ORCL says the acquisition will make it the largest provider of mission-critical cloud services to utilities.
    • Now read Oracle's right of passage has come
    May 2, 2016, 8:19 AM
  • Apr. 28, 2016, 8:23 AM
    • Oracle (NYSE:ORCL) acquires cloud services player Textura (NYSE:TXTR) for $26 per share in a deal valued at $663M.
    • The transaction is expected to close this year after Textura shareholders tender at least two-thirds of their shares.
    • Shares of Textura are up 30.47% premarket to $25.95.
    Apr. 28, 2016, 8:23 AM
  • Jan. 6, 2016, 11:29 AM
    • Believing Oracle's (ORCL +1%) valuation now reflects a high level of database pessimism and that cloud subscription revenue growth will surpass software license declines in FY17 (ends May '17), Evercore's Kirk Materne has upgraded Oracle to Buy. His target remains $44.
    • Materne expects shares to re-rate in the coming quarters as estimates bottom. The call comes three weeks after Oracle sold off in response to the soft FQ3/FQ4 guidance provided with mixed FQ2 results. Total software/cloud revenue is forecast to rise just 3%-4% and 1%-3% Y/Y in constant currency in FQ3 and FQ4, as strong SaaS/PaaS cloud growth (49%-53% and 55%-59%, respectively) is offset by license declines.
    • Separately, Oracle has announced the acquisition of AddThis, a company that provides both social sharing, content recommendation, and personalized marketing tools for Web publishers, and audience data and analytics services for brands/ad agencies that leverage data provided by the publisher tools. Sources speaking with TechCrunch suggest Oracle paid $100M-$200M.
    • Oracle asserts AddThis' publisher tools power 15M sites, and suggests the company's offerings will be added to its Data Cloud platform, which provides companies and marketers with a slew of tools for measuring and analyzing consumer audiences to help with ad targeting and content personalization.
    • The company has previously bought online-to-offline data provider Datalogix, cloud marketing data services provider BlueKai, online ad campaign software firm Maxymiser, and cloud marketing automation software firms Eloqua and Responsys, as it battles the likes of IBM, Adobe, and Salesforce in the ad tech software/services space.
    Jan. 6, 2016, 11:29 AM | 4 Comments