A voracious Oracle devours VoIP, IPTV player
Oracle has made a $219.2 million cash offer to buy MetaSolv, a telecom infrastructure player that specializes in hot technologies like VoIP and IPTV. The announcement comes just as the database giant kicks off its week-long OpenWorld conference at San Francisco's Moscone Center. And President Charles Phillips took advantage of the public forum on Sunday to defend the company's acquisition strategy, telling attendees that the company remains committed to growth by acquisition. "We get proven R&D [research and development] which supplements what we've already invested in," he said. "We also get industry experts with decades of experience - a phenomenal asset for us."

Well, they certainly get growth. InfoWorld reports that MetaSolv is Oracle's 20th acquisition in the past two years. And if the ROI on Larry Ellison's liberal spending remains uncertain for Oracle shareholders, it certainly seems to be good for San Francisco. The Chronicle notes that OpenWorld has gotten so big that it has shut down traffic on Howard Street, and "is expected to generate $60 million in revenue for the city's economy in the form of spending on hotels, restaurants, shops and tourist attractions."
Posted by Oliver Ryan 10:42 AM 0 Comments comment | Add a Comment

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.