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Wed, Jan. 6, 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.
Dec. 31, 2015, 7:03 PM
- Cisco (NASDAQ:CSCO) could make a bid for storage array vendor NetApp (NASDAQ:NTAP) and threat-prevention hardware/software provider FireEye (NASDAQ:FEYE) in 2016, thinks FBR's Dan Ives. Cisco/NetApp speculation has been around for a while. Meanwhile, Cisco has made several security acquisitions in recent years, and appears to be up for more, but has also launched products that compete with FireEye.
- Ives also thinks IBM could bid for machine/log data analytics software leader Splunk (NASDAQ:SPLK) and business intelligence/data visualization software firm QLIK. With a $7.6B market cap and high multiples, Splunk would be a costlier acquisition than IBM's traditional fare.
- HP Enterprise (NYSE:HPE), meanwhile, is seen as a potential suitor for both Qlik and enterprise cloud storage/file-sharing leader BOX. And Oracle (NYSE:ORCL) a potential buyer of cloud ERP, HR, and e-commerce software firm NetSuite (NYSE:N). Larry Ellison owns a large stake in NetSuite (more SMB-focused than Oracle), and the company both competes and partners with Oracle.
- Microsoft (NASDAQ:MSFT), which has made plenty of acquisitions in the Satya Nadella era, is seen as a potential buyer of database security software and Web app firewall vendor Imperva (NYSE:IMPV), as well as of cloud vulnerability management and compliance software firm Qualys (NASDAQ:QLYS). Symantec (NASDAQ:SYMC), which has signaled it will make security acquisitions after the sale of its Veritas unit closes, is considered a possible acquirer of e-mail/compliance security software provider Proofpoint (NASDAQ:PFPT).
- Yesterday: FBR sees improving cybersecurity spend, likes several stocks
Aug. 20, 2015, 2:35 PM
- Maxymiser provides cloud software for testing and personalizing online/mobile ad campaigns, as well as analyzing customer demographics to improve targeting. Clients include HSBC, Allianz, Epson, Wyndham, and Calvin Klein.
- Oracle (ORCL -1.8%) is buying Maxymiser for an undisclosed sum, and plans to add the company's offerings to its Marketing Cloud platform. In a presentation (.pdf), the company claims Maxymiser "optimizes over 20 billion customer experiences per month for more than 250 prominent brands," and asserts its "Maxymiser’s capabilities in web and mobile channels complement Oracle Marketing Cloud’s strengths in email, SMS, social, push messaging, and display-advertising channels."
- Past Oracle marketing/CRM acquisitions: Datalogix (online/offline data), BlueKai (marketing data management), Eloqua (cloud marketing automation), Responsys (ditto), Vitrue (social media marketing), Collective Intellect (ditto)
- Yesterday: Citi estimates Oracle's cloud software ROI relative to traditional licenses
May 1, 2015, 3:44 AM
- Although declining to comment on whether Oracle (NYSE:ORCL) made an approach for Salesforce.com (NYSE:CRM), Oracle Chief Executive Safra Catz stated her company could benefit if Microsoft or another rival bought the customer relationship management firm.
- "It would cause a lot of disruption in that market and so I would view that as something that would be helpful to us especially in the short or medium term, dependent on who it was," Catz said.
- Oracle has spent more than $60B on more than 100 acquisitions in its 38-year history but is "not known to throw around money," she added.
- Previously: Report: Oracle didn't make a bid for Salesforce (Apr. 29 2015)
- Previously: Salesforce reportedly approached by potential buyer; shares +15.4% (Apr. 29 2015)
Apr. 29, 2015, 10:39 PM
- Following an afternoon Bloomberg report stating Salesforce (NYSE:CRM) has been approached by a potential acquirer, many have speculated archrival Oracle is the suitor. However, BuzzFeed's John Paczkowski (formerly with Re/code) reports Oracle (NYSE:ORCL) hasn't made such a move.
- Outside of Oracle, Microsoft (NASDAQ:MSFT) is the name that has popped up most often. The software giant (closed today with a $399B market cap) is large enough to swallow Salesforce, has relatively limited product overlap - its Dynamics CRM apps compete against Salesforce's apps, but generally with SMBs than enterprises - and has been hungry to grow its cloud exposure. It just set a target of nearly tripling its business cloud service revenue run rate by mid-2018.
- Also: Microsoft and Salesforce struck an Office 365-centered partnership last year. Salesforce CEO Marc Benioff showed up today at Microsoft's BUILD developer conference to trumpet the integration of additional Microsoft and Salesforce apps/services, and made a few tweets about the partnership along the way.
- Salesforce closed up 11.6% today thanks to Bloomberg's report, and then rose 1% in AH trading to $75.41. Many cloud software peers also got a lift.
Apr. 29, 2015, 2:50 PM
- Bloomberg reports Salesforce (CRM) has been approached by a potential acquirer, and is working with bankers to field offers. Shares have soared in response.
- With a current $51B market cap, only a handful of enterprise tech companies could afford to digest Salesforce. The short list includes Oracle ($197B market cap), Microsoft ($400B), IBM ($173B), and just maybe SAP ($94B). Oracle (NYSE:ORCL), which has made plenty of cloud software acquisitions, just launched a $10B debt offering.
- Update: BuzzFeed reports Oracle wasn't the company that approached Salesforce.
Dec. 22, 2014, 9:27 AM
- Oracle (NYSE:ORCL) is buying Datalogix, a top provider of data used to link online ad campaigns with offline purchases. Terms are undisclosed, but the price is likely substantial - Datalogix has raised over $85M over its lifetime, and was reportedly weighing an IPO earlier this year.
- Datalogix's audience analysis solutions provide anonymized demographic data about the consumers targeted through an online ad campaign, and its campaign analysis solutions provide data about the offline purchases yielded by online ads (still more an art than a science).
- Google, Facebook, and Twitter are among the online ad giants to have hired Datalogix. Its 650+ customers also include 82 of the top 100 U.S. advertisers, such as Ford and Kraft.
- The acquisition follows Oracle's purchases of cloud marketing data management platform BlueKai, cloud marketing automation software vendors Eloqua and Responsys, and cloud social media marketing tool providers Vitrue and Collective Intellect.
- Like Salesforce, Adobe, and IBM, Oracle is trying to provide a broad set of online/mobile ad tools for marketers, as more and more ad spend shifts to digital channels and CMOs direct a larger portion of corporate IT spend.
- Datalogix rival Acxiom (NASDAQ:ACXM) is up 0.7% premarket.
Oct. 1, 2014, 10:20 AM
- New Oracle (ORCL -0.3%) co-CEO Safra Catz: "We’re No. 1 in database, we’re No. 1 in middleware, but we’re No. 2 in applications ... At Oracle, silver medal is first loser."
- Catz's remarks come two weeks after SAP (presumably the company deemed #1 in apps) agreed to pay $8.3B to buy leading cloud travel/expense management software vendor Concur Technologies. Plenty of cloud software stocks rallied in response, as investors bet the deal would trigger fresh M&A activity in an industry that has already seen plenty.
- They also come two weeks after Oracle reported light software license growth amid slumping database sales and intense cloud competition.
- Oracle has already bought a long list of enterprise software firms in recent years. Major cloud-related purchases include marketing automation software vendors Eloqua and Responsys, customer support software firm RightNow, talent management software firm Taleo, and sales quote software provider BigMachines.
- More recently, Oracle paid $5.3B to buy point-of-sale hardware/software firm Micros. Thanks to its M&A binge and huge buybacks, Oracle had $32.6B in debt as of Aug. 31 to go with $51.6B in cash/investments.
- Yesterday: Oracle launches flurry of new products
Sep. 24, 2014, 2:33 PM
- John Chambers has dismissed speculation Cisco (CSCO +1.3%) could make a bid for EMC (EMC -1.1%). "If [EMC CEO Joe Tucci] and I were going to do something here, we would have done it a year or two ago."
- Likely an issue today: A Cisco deal would raise antitrust issues in the network virtualization/SDN software space, where VMware (VMW -0.3%) and Cisco have emerged as the early leaders. Also, Cisco's storage networking unit relies on OEM deals with EMC rivals (in addition to EMC).
- Meanwhile, re/code reports Oracle (ORCL +1.5%), another company whose name was thrown around in EMC deal speculation, is also uninterested.
- Recent reports stated EMC has held merger talks with H-P, but failed to agree (for now, anyway) on a price. Sources (possibly hoping to drum up M&A interest in EMC) added a deal with Cisco or Oracle was also possible. Re/code backs up the part about the H-P talks, while adding H-P was largely interested in owning VMware VMW via EMC.
- Many on the Street still think EMC will make a deal before Tucci's planned Feb. 2015 retirement. Tucci hasn't named a successor yet; Argus' Jim Kelleher consider ex-CFO David Goulden, now the head of EMC's storage hardware/software unit, to be the favorite. VMware CEO Pat Gelsinger and Pivotal CEO Paul Maritz are also in the running.
Sep. 15, 2014, 7:30 AM
- A provider of content storage management solutions that help companies mitigate, manage, and monetize large-scale media assets, Front Porch Digital helps businesses handle fast-expanding, complex volumes of digital media content like high-def films and shows, medical images and records, and real-time security-monitoring fees.
- Terms of Oracle's (NYSE:ORCL) purchase were not disclosed.
Sep. 2, 2014, 5:28 PM
- Concur (NASDAQ:CNQR) approached SAP and Oracle (NYSE:ORCL) to "gauge their interest" in an acquisition, sources tell Bloomberg. Oracle, set to buy point-of-sale hardware vendor Micros for $5.3B, is said to have passed.
- No details are given on SAP's reaction. Back in January, the German software giant suggested it could make another big cloud software acquisition - it already has a few under its belt. But in April, SAP, which is counting on cloud growth to offset slumping traditional license sales, stated it considers itself under no pressure to make a deal.
- Concur has pared its AH gains: The cloud travel/expense software provider is now up 11%. Its market cap stands at $6.4B.
- Earlier: Concur reportedly exploring sale
Jul. 31, 2014, 2:01 PM
- Oracle (ORCL -0.8%) is buying TOA Technologies, a developer of cloud-based software for managing, interacting with, and delivering customer requests to a company's field service workers. Terms are undisclosed.
- TOA's clients include Home Depot, Vodafone, and Dish Network; ClickSoftware (CKSW -0.3%) is among its rivals. The company's products complement Oracle's Service Cloud platform, which has its roots in the company's acquisition of cloud customer support software vendor RightNow.
- Oracle has been busy fleshing out its CRM software portfolio in order to better compete against Salesforce (relies on partners for field service software ... for now) and SAP. The software giant bought leading cloud marketing data services firm BlueKai earlier this year, and CRM price quote software vendor BigMachines last year.
Jul. 25, 2014, 4:52 AM
- The European Comission has announced that EU antitrust regulators will determine whether to clear Oracle's (NYSE:ORCL) $5.3B bid to buy Micros (NASDAQ:MCRS) by August 29.
- Oracle is looking to continue its fast-expanding cloud business through the new acquisition, and it will be the company's biggest purchase in five years.
Jun. 23, 2014, 8:16 AM
- Earlier rumors had Micros (MCRS) going for about $5B, and final deal for $5.3B works out to $68 per share.
- The purchase is expected to be immediately accretive to Oracle's non-GAAP earnings and to "expand over time," says Oracle CFO Safra Catz.
- MCRS +2.2% premarket to $67.20. ORCL +0.3%.
- Previously: Bloomberg: Oracle close to buying Micros for ~$5B
Jun. 23, 2014, 2:02 AM
- Oracle (ORCL) is expected to announce a $5B acquisition of MICROS Systems (MCRS) this morning. The deal values MICROS at more than $67 a share, a slight premium to its $65.77 Friday close.
- If confirmed, the acquisition would be Oracle's largest deal since it bought Sun Microsystems for $5.6B in 2009.
- ORCL +0.1% AH
Jun. 20, 2014, 11:00 AM
- The license growth worries that plagued Oracle (ORCL -5.7%) much of last year are back with a vengeance following yesterday's FQ4 miss, in spite of the in-line guidance that followed it.
- Citi has cut shares to Neutral, arguing SaaS (cloud app) strength isn't reflected in earnings. Before the downgrade, the firm noted estimated total license revenue of $4.09B missed its $4.3B estimate.
- But Oracle also has its defenders. BMO (Outperform) asserts Oracle's cloud transition efforts are still going well, and that "new product releases across the board should be a tailwind to growth."
- The firm attributes the FQ4 miss to an apparent "thousand cuts" that include deal slippage, Asia-Pac weakness (an ongoing issue), a shift from up-front license payments to cloud subscriptions, and potential order delays ahead of Oracle's 12c database launch (previous).
- Separately, Oracle has announced it's buying LiveLOOK, a developer of co-browsing/screen sharing tech for Web customer support apps. Terms are undisclosed.
- Oracle, which bought cloud customer support firm RightNow in 2011, plans to integrate LiveLOOK's offerings with its Service Cloud platform. Rival LivePerson (LPSN -0.9%) recently announced a deal to buy co-browsing tech developer Synchronite.
- Prior coverage. CC transcript.
Oracle Corporation develops, manufactures, markets, hosts and supports database and middleware software, application software, cloud infrastructure, hardware system including computer server, storage and networking products and related services.
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