Update: Oracle to buy Hyperion for $3 billion
446651
(InfoWorld) - Oracle has agreed to acquire business intelligence software vendor Hyperion SolutionsÂ for $3.3 billion in cash, it said Thursday. Oracle said it will combine Hyperion's software with its own business intelligence and analytics tools to offer customers a broad range of performance management capabilities, including planning, budgeting and operational analytics. The deal, the latest big purchase by Oracle following its acquisitions of applications vendorsÂ PeopleSoft,Â Siebel Systems,Â and others, will expand Oracle's portfolio of database, applications and middleware products with a set of business intelligence products. These are used by companies to collect and analyze information about their businesses. It will continueÂ Oracle's strategyÂ of growing its revenue and customer base through big acquisitions. But it will also present the challenge of integrating yet another large company into a business that is still absorbing the products and employees of PeopleSoft and other acquisitions. The companies hope to close the acquisition by April, subject to customary closing conditions. Oracle has agreed to pay $52 per share for Hyperion, or about $3.3 billion, a premium of 21 percent over Hyperion's closing share price Wednesday. Part of Oracle's motivation for the deal appears to be to poach customers from its chief applications rival SAP: Many SAP customers use Hyperion software, and the acquisition will bring them closer to Oracle, said Oracle President Charles Phillips in a statement. Hyperion has 12,000 customers using its software, and about 2,500 employees spread over 20 countries, according to information on its Web site. It reported revenue of $765.2 million for the fiscal year to June 30, 2006. Earlier this year Oracle was rumored to have been in acquisition talks with Hyperion rival Business Objects, of Paris. In the past, Oracle executives have discussed improving the business intelligence capabilities in its Oracle database, and buying Hyperion could potentially give the company a selling point over database rival IBM. Hyperion is among IBM's business intelligence partners. But Oracle is also close partners with BI market leader Business Objects, of Paris, and is developing new products that integrate IBM's data warehousing software with Business Objects' products, sources familiar with those plans said this week. It is also a close partner of open-source business intelligence vendor Pentaho Corp. The acquisition will be at least the 27th deal Oracle has announced since the start of 2005.
521901
Oracle has agreed to acquire business intelligence software vendor Hyperion for $3.3 billion
72891
Oracle Corp. , the world's top database software maker, is near an agreement to buy Hyperion Solutions Corp. , which makes software that lets companies analyze and track their performance, for about $3 billion, The New York Times said Wednesday in its online edition.
721213
Oracle Corp. ORCL.O on Monday said  rival business software maker PeopleSoft Inc.'s PSFT.O board  has accepted a sweetened purchase offer of about $10.3 billion,  ending a long and bitter hostile takeover battle.
250262
PeopleSoft agreed today to be bought by Oracle for $10.3 billion, or $26.50 a share, ending a bitter 18-month acquisition battle. PeopleSoft&#39;s price was 10 percent above what Oracle previously called its &quot;best and final&quot; offer of $24 a share.
201157
Oracle, which is in the midst of a hostile takeover attempt of rival PeopleSoft, on Monday raised its offer for the smaller software company by $3 per share to $24 per share.
463467
Moving Cubes There may be multiple political/managerial reasons behind a decision to move from Hyperion's Essbase to Microsoft's Analysis Services â not least of which might be the recent purchase of Hyperion by Oracle.â¦
6269
OCTOBER 08, 2004 (REUTERS) - Oracle Corp. CEO Larry Ellison said today that his company has talked about revising its current $21-per-share offer to buy rival PeopleSoft Inc.
234250
IBM , the world's largest  information-technology company, on Wednesday said it agreed to  buy Internet Security Systems Inc.  for $1.3 billion,  continuing an acquisition drive to fuel growth.
546829
It has agreed that the company should be sold to Oracle for $26.50 a share, roughly $10.3 billion, $1.5 billion more than Oracle&#39;s now-famous &quot;best and final&quot; offer.
106655
PeopleSoft Inc. PSFT.O on  Monday agreed to a sweetened $10.3 billion buyout by rival  software maker Oracle Corp. ORCL.O, relenting after a  18-month takeover saga marked by personal insults, courtroom  battles and the ouster of PeopleSoft's chief executive.
551038
PeopleSoft&#39;s board of directors has approved a takeover deal from Oracle worth around $10.3 billion, ending a bitter takeover attemptthat started more than a year ago and creating a major software maker.
567249
Oracle Corp. announced Monday that it has signed a definitive merger agreement to acquire PeopleSoft Inc. for approximately &#36;10.3 billion.
145327
Oracle Corp. finally scooped up rival PeopleSoft Inc. after 18 months of legal and verbal strife, ending a nasty feud with a $10.3 billion deal that promises to shake up the business software industry.
478124
Oracle has agreed to buy BEA Systems for about $8.5 billion, or $19.375 per share, the companies announced.
346705
SAN FRANCISCO -- Ending 18 months of hostility, Oracle Corp. has raised its takeover bid for rival PeopleSoft Inc. by 10 per cent to seal a $10.3-billion US deal that will create the world&#39;s second-largest maker of business applications software.
700506
TAKEOVER TUG OF WAR: Oracle Corp. ends 18 months of acrimony, boosting its bid for software maker PeopleSoft Inc. by 10 percent to &#36;10.3 billion.