Oracle News
44 articles
growth-positive
Fluence Energy (FLNC) Soars 21.8% as Funds Flock to AI
Fluence Energy Inc. (NASDAQ:FLNC) experienced a significant stock price increase of 21.77% as investors showed interest in companies benefiting from AI advancements. The companys growth was further supported by a partnership with Torch Clean Energy to develop a 160-MW solar project in Arizona, featuring Fluences Gridstack Pro 5000 energy storage solution. This project aims to enhance energy reliability and economic development in Cochise County. The optimism around AI and data center infrastructure, bolstered by Oracles $38 billion data center expansion, has positively impacted Fluence Energys market performance. Despite this, some investors believe other AI stocks may offer higher returns.
PartnersCustomers
growth-negative
2 Top Artificial Intelligence Stocks to Buy Right Now
The article discusses two companies, The Trade Desk and Lemonade, that are leveraging AI to transform their respective industries. The Trade Desk, a leader in digital ad-tech, has seen its stock price drop significantly due to missed expectations, despite its strong market position. Lemonade, an AI-native insurer, is experiencing growth as its technology matures, improving its loss ratios and expanding its services. Both companies are positioned as strong AI investment opportunities, with The Trade Desk facing challenges in the current economic climate, while Lemonade is on the rise with its innovative insurance solutions.
CustomersProduct Stage
growth-positive
Samsara, MongoDB, Palo Alto Networks, monday.com, and GitLab Shares Skyrocket, What You Need To Know
The article discusses a surge in stock prices led by Nvidia, which saw a nearly 2% increase after its CEO confirmed a substantial rise in demand for computing, indicating a strong AI market. This reassurance helped the S&P 500 and Nasdaq reach new intraday highs, despite concerns over Oracles cloud business profitability and an ongoing U.S. government shutdown. Other companies like Samsara, MongoDB, Palo Alto Networks, monday.com, and GitLab also experienced stock price increases. The markets reaction to Nvidias news suggests confidence in the AI boom, countering fears of profitability issues in the tech sector.
growth-positive
AI Complaint Management Market Trends and Forecasts Report 2025-2033, with Benchmarking Profiles of Salesforce, Microsoft, Oracle, SAP, Zendesk, Freshworks, Zoho, NICE, Kustomer, and Verint Systems
The global AI complaint management market is set for significant growth, driven by advancements in AI that enhance the speed and personalization of complaint resolution. These improvements consolidate multi-channel interactions and provide proactive insights, reducing costs and increasing customer satisfaction and loyalty. The market, valued at USD 5.29 billion in 2024, is projected to reach USD 28.92 billion by 2033, with a CAGR of 21.1% from 2025 to 2033. AI solutions automate ticket management, perform real-time sentiment analysis, and use predictive analytics to optimize complaint resolution, offering businesses a competitive edge in customer service.
growth-positive
Yael Har Even, SVP and Country Manager of Oracle Israel told the Calcalist AI Conference that Israel plays a major role in the half-trillion-dollar AI infrastructure Stargate project led by Trump, which is expected to generate tens of billions of dollars for Oracle. She also emphasized that “Israel is our center of innovation in cloud computing and artificial intelligence.”
Oracle is playing a significant role in the AI infrastructure project, Stargate, led by Trump, which is expected to generate substantial revenue for the company. Oracle Israel is focusing on fostering innovation within the Israeli ecosystem, particularly in AI and medicine. The companys cloud infrastructure is being utilized by major companies like TikTok and OpenAI. Oracles AI developments are reshaping medicine, with applications like Oracle Health and partnerships with companies such as Imagene AI. Oracles cloud services are highly efficient, offering cost savings to startups, and the company is seen as a bridge between Israeli innovation and global markets.
PartnersCustomers
growth-negative
A comprehensive list of 2025 tech layoffs
The tech industry continues to experience significant layoffs in 2025, with over 22,000 job cuts reported so far. Peloton is among the companies affected, announcing a 6% workforce reduction as part of its sixth layoff in just over a year. The companys CEO, Peter Stern, stated that these cuts are necessary to improve long-term business health. Meanwhile, other companies are also making substantial layoffs, including a back-office software provider for restaurant chains and a corporate video software company, which is reducing its workforce by 10% to save $8.5 million. The ongoing layoffs highlight the impact of AI and automation on the industry.
Layoffs
growth-positive
SentinelOne raises annual revenue forecast on strong cybersecurity demand
SentinelOne has raised its annual revenue forecast, indicating strong demand for its AI-powered cybersecurity tools. The companys Singularity platform, which automates threat detection and response, has seen increased adoption amid a surge in global cyberattacks. SentinelOne expects third-quarter revenue to exceed analysts estimates, and its annualized recurring revenue has risen by 24% to $1 billion. The companys second-quarter revenue increased by 22%, aligning with expectations, and it reported adjusted earnings per share of 4 cents. This positive financial performance has led to a 9% surge in its share price in extended trading.
Customers
growth-negative
Sector Update: Tech Stocks Mixed Wednesday Afternoon
The article discusses the mixed performance of tech stocks during Wednesday afternoon trading, specifically highlighting the Technology Select Sector SPDR Fund. The funds performance was part of a broader trend in the technology sector, which saw varied results. The article suggests that the mixed trading results could be indicative of broader market uncertainties or sector-specific challenges. It also mentions that access to premium news articles requires a subscription to a Silver or Gold plan.
growth-positive
Cloud OSS BSS Market worth $56,848.3 million by 2030 | MarketsandMarkets™
The article discusses the growth of the Cloud OSS BSS Market, projected to reach USD 56,848.3 million by 2030. The market is transforming telecom operations with real-time, agile, and scalable service delivery through cloud-native platforms. Key developments include Verizons partnership with Oracle to enhance 5G monetization and Amdocs collaboration with AWS for managed OSS BSS services. The adoption of Open Digital Architecture and Kubernetes is promoting interoperability and innovation. AI-powered automation and new technology introductions, such as Amdocs GenAI-based amAIz platform, are driving growth. These advancements position cloud OSS BSS as crucial for service innovation and regulatory compliance in telecom.
Partners
growth-positive
Safra Catz believes Israel's knack for producing “the brightest minds and the best problem solvers” will keep foreign capital flowing. She likens the current AI gold rush to Israel’s rise in cybersecurity, dozens of startups blooming, then consolidating into global leaders.
The article discusses Oracles CEO, Safra Catz, and her unwavering support for Israel amidst geopolitical tensions. Despite the challenges, Catz remains optimistic about Israels technological prowess, likening the current AI boom to Israels rise in cybersecurity. Oracles business strategy is positively impacted by its support for Israel, with record stock prices and strong ties to AI leaders. The company is expanding its cloud infrastructure in the Middle East, with Israel as a central hub. Catz dismisses concerns about potential negative impacts on Oracles share price due to its stance on Israel, emphasizing the countrys role in the regions success. Oracles focus is on providing secure, scalable infrastructure for AI, rather than competing for the top AI model.
growth-positive
AI Is Fueling Mergers. Here Are 2 That Make Sense.
Hewlett Packard Enterprise (HPE) has successfully closed its acquisition deal with Juniper, signaling a trend where legacy tech companies are increasingly seeking partnerships to leverage AI technology. The article suggests that more such mergers could be on the horizon as companies aim to enhance their technological capabilities and market reach. This acquisition is seen as a strategic move by HPE to strengthen its position in the tech industry, particularly in the AI domain. The article discusses the potential for further mergers and acquisitions in the tech sector, driven by the growing importance of AI.
Acquisition
growth-positive
Sector Update: Tech Stocks Rise Late Afternoon
The article discusses the positive performance of tech stocks, including NXPI, in the market on a Wednesday afternoon. The Technology Select Sector SPDR Fund (XLK) showed gains, indicating a growth-positive impact for companies like NXPI. The article is part of a premium news service offered by MT Newswires, which requires a subscription to access. The focus is on the market performance of tech stocks, highlighting the importance of staying informed through subscription services.
growth-positive
5 AI Stocks That Aren't NVIDIA
The article discusses investment opportunities in AI stocks beyond the well-known NVIDIA, highlighting Solaris Energy Infrastructure and Marvell Technology as potential candidates. Solaris Energy, a small-cap company in the Oil and Gas: Mechanical and Equipment industry, is experiencing significant growth, particularly in its Power Solutions segment, which serves data centers. The company is expected to see a 32% increase in earnings this year and a 90% increase in 2026. Marvell Technology, a large-cap digital storage company, is also moving into AI solutions and is considered a cheaper technology AI stock. The discussion emphasizes the importance of finding AI stocks with rising earnings estimates.
Customers
growth-positive
Identity & Access Management Market Global Forecast Report to 2030, with Profiles of Okta, Oracle, Broadcom, CyberArk Software, Ping Identity, SailPoint Technologies, One Identity, ForgeRock, and more
The Identity & Access Management Market is experiencing significant growth, driven by AI-driven adaptive authentication, cloud adoption, and increased regulatory compliance. The market expanded from USD 28.47 billion in 2024 to USD 33.06 billion in 2025, with a projected CAGR of 15.53%, reaching USD 67.70 billion by 2030. This growth is fueled by regulatory scrutiny, cloud-centric infrastructure migration, and the rise of remote and hybrid work. The report provides insights for decision-makers to develop robust access governance strategies, supporting growth and enterprise resilience across various sectors, including banking, government, and healthcare.
growth-positive
Trending tickers: SoftBank, Pop Mart, Snowflake, Salesforce and Nvidia
SoftBank is considering launching a $1 trillion industrial hub in Arizona, focusing on robotics and artificial intelligence. This ambitious project, named Project Crystal Land, aims to transform Arizona into a tech manufacturing center akin to Shenzhen, China. SoftBank is in early talks with Taiwan Semiconductor Manufacturing Company (TSMC) for a potential partnership, though details are not yet clear. TSMC is already investing significantly in US-based chip plants. The project seeks to attract major technology players and involves discussions with US federal and state officials about potential tax incentives. This initiative is part of a broader strategy to enhance US data center capacity for AI development.
Partners
growth-negative
Trending tickers: Boeing, Adobe, Exxon, Oracle and Novo Nordisk
Boeings shares fell 1.4% in pre-market trading following a fatal crash involving a Boeing 787-8 Dreamliner operated by Air India. This incident marks the first fatal accident involving a 787 since its entry into service in 2011. Despite the aircrafts strong safety record, Boeing has been working to restore its reputation after previous safety and quality control issues, particularly with its 737 MAX program. Analysts suggest the market reaction may be overdone given the 787s historical performance. Meanwhile, Adobes shares also fell after reporting earnings that did not meet investor expectations, although the company raised its full-year revenue and profit forecasts.
growth-negative
S&P 500 Gains & Losses Today: Index Drops as Middle East Tensions Rise; Oracle Climbs
The S&P 500 fell 1.1% on June 13, 2025, amid geopolitical tensions between Israel and Iran. Payment processors like Corpay saw their shares decline after reports that major retailers, Walmart and Amazon, might launch stablecoins to bypass credit card fees. Corpays stock dropped 7.7%, the most among S&P 500 stocks. Oil prices surged due to supply concerns, benefiting oil and gas companies. Oracles shares rose significantly after exceeding sales and profit estimates, driven by its cloud infrastructure business. Adobes shares fell despite strong quarterly results, as analysts expressed concerns over its AI product development. Biofuel-related stocks gained after the Trump administration proposed increased biofuel blending mandates.
growth-negative
Dow Jones Futures Tumble, Pare Losses As Israel Hits Iran's Nuclear Sites; Oil Spikes
The article discusses the impact of Israeli airstrikes on Irans nuclear sites, which led to a tumble in Dow Jones futures. However, the futures managed to pare some of the losses. The geopolitical tensions have caused a spike in crude oil prices. President Trump has urged Iran to make a deal amidst the rising tensions. The situation has created a growth-negative impact on Dow Jones due to the uncertainty and potential economic repercussions of the conflict.
growth-positive
Oracle is doubling down on cloud infrastructure and AI to propel its growth, with an eye on becoming a trillion-dollar company. CEO Safra Catz reveals in an interview how the company’s aggressive investments and strategic expansions are poised to accelerate its financial ascent and why she’s convinced Israel will be flooded with investments after the war.
Oracle is focusing on cloud infrastructure and AI to drive growth, aiming to become a trillion-dollar company. CEO Safra Catz emphasizes Oracles commitment to Israel, predicting a surge in investments post-war. Oracles investments in the Middle East, influenced by the Abraham Accords, include a $1.5 billion data center in Saudi Arabia and plans for a second in Israel. Oracles cloud revenue, though behind top competitors, now constitutes 76% of its total revenue. The company recently signed a $3 billion deal with Nvidia for AI processors. Oracles stock has surged by 80% since early 2024, and its strategic expansions in Israel and the Middle East are seen as both business and political moves.
InvestmentExpandPartners
growth-negative
Oracle Women Fought 7 Years for Equity, Only to Win Just an Extra Paycheck or Two
Oracle Corp. has reached a $25 million settlement in a nearly seven-year-long gender-pay equity lawsuit. The settlement, which still requires court approval, would resolve a battle that began in June 2017, accusing Oracle of systematically paying women less than men for the same work. The case was the first in the tech industry to win class-action status. Under the deal, $15 million would be divided among about 4,000 employees, including women who worked in the company’s product development, support, and IT departments in California since June 2013. Oracle continues to deny the allegations.
Customers
During war visit, Oracle CEO affirms commitment to open second data center in Israel
growth-positive
Oracle CEO Safra Catz: "We believe now is a very good time to be in Israel" | CTech
Oracle CEO Safra Catz, in an interview at Calcalists Tech TLV conference, discussed the companys commitment to Israel, particularly in the wake of recent conflict. Catz emphasized Oracles ongoing investment in the country, including the construction of a secure cloud facility. She also dismissed suggestions that Oracle might reduce its presence in Israel, stating that the company is doubling down. Catz also spoke about Israels potential to lead in the second generation of AI and Oracles interest in investing in generative AI startups.
InvestmentExpand
growth-positive
אורקל ממשיכה לתרום לישראל ומחלקת לחיילי צה"ל ציוד מתקדם
Oracle, the software giant, has donated 7 tons of aid equipment worth over half a million dollars (about 2 million shekels) to the elite units of the IDF. The donation includes 500 kits, each containing advanced equipment such as telescopic sights, gloves, eye protectors, knee protectors, headlamps, light sticks, and more. All the equipment was purchased by the company in the US and flown to Israel on a special flight. Oracle has also launched a fundraising campaign for the Red Cross among its hundreds of thousands of employees around the world, raising over 12 million shekels.
CustomersPartners
growth-positive
Hi-tech at war: 4 weeks at Oracle - a CEO's story of unwavering international support
Oracle Israels regional director, Eran Faigenbaum, has highlighted the companys strong support for Israel following the October 7 attack. Faigenbaum, who was born in Israel but raised in the U.S., returned to Israel two years ago to lead Oracle Israel. He said that Oracles leadership, including co-founder Larry Ellison and CEO Safra Ada Catz, has consistently demonstrated support for Israel. Following the October 7 atrocities, Oracle publicly declared support for Israel and opened a charitable fundraising campaign which raised over $3 million. The company also prioritized the well-being of its employees, including those called into reserve duty.
CustomersManagement Changes
growth-positive
אורקל מעניקה משכורת נוספת לכל עובדיה הישראליים בצל המלחמה
Oracle, the American software giant, has announced that it will be providing a bonus to all its Israeli employees in the form of an additional salary in the coming month. The bonus will be given to approximately 400 employees in Israel. The CEO of Oracle Israel, Eran Feigenbaum, stated that the companys number one priority is to ensure the security and well-being of its employees. The company joins other leading international companies like Intel, Nvidia, and Salesforce, who have also provided financial bonuses to their employees during the current period.
Customers
growth-positive
Oracle Enhances Data-Driven Decision Making With Fusion Data Intelligence Platform and Ai-Powered Analytics Cloud
Oracle has launched the Fusion Data Intelligence Platform, an evolution of its Fusion Analytics Warehouse, and new generative AI capabilities for Oracle Analytics Cloud. The platform is designed to combine data-driven insights with intelligent decisions and actions. It provides business data-as-a-service with automated data pipelines, 360-degree data models, rich interactive analytics, AI/ML models, and intelligent applications. Oracle also showcased new AI-powered capabilities within Oracle Analytics Cloud. The company also announced a new integration with Microsoft Teams.
CustomersPartners
Growth-Positive
Fed decision, Instacart IPO and UAW strike top week ahead
The upcoming week will be dominated by the Federal Reserves decision on interest rates and the ongoing UAW strike against Ford, GM, and Stellantis. Instacart is expected to begin trading in the coming week, with a target valuation of up to $10 billion. Blackstone and Airbnb will replace Lincoln National and Newell Brands in the S&P 500, while Deere & Co will replace Walgreens Boots Alliance in the S&P 100. AutoZone is set to report earnings, which could provide details on the impact of the UAW strike. Oracle is set to kick off CloudWorld in Las Vegas, and Blue Apron will end its run on the New York Stock Exchange and join the Nasdaq.
Public TradingPartners
growth-positive
"If Beer Sheva was once the backyard of the innovation scene, it's now coming to the forefront"
The article discusses the growth of the tech scene in Beer Sheva, Israel, with the city being declared the cyber capital of the country. The government has supported this growth by moving IDF divisions to the city and declaring it a cyber capital. This has attracted global companies like Mastercard and Oracle to set up innovation labs and R&D centers in the city. The panelists, including representatives from FinSec Innovation Lab, CyberArk R&D Center, and Oracle Beer Sheva R&D, discuss the potential of the city, the challenges it faces, and the role of the government in its development.
Expand
growth-positive
Oracle opens Jerusalem underground data center
Oracle has announced the opening of a new underground cloud data center in Jerusalem, Israel. The data center will provide enterprise cloud services to Israeli organizations, including Oracle Autonomous Database and Oracle Fusion Cloud Applications. The facility is built in a reinforced underground facility to ensure high levels of security. Oracle plans to open a second underground cloud data center in Israel as part of its dual-region strategy. This expansion demonstrates Oracles commitment to the State of Israel and its efforts to deliver cloud services and improve disaster recovery capabilities for customers.
CustomersExpand
growth-negative
Oracle Israel head: Storing data outside Israel is dangerous
Oracle Israels country leader, Eran Feigenbaum, has criticised the decision to award Amazon AWS and Google Cloud the Nimbus government cloud tender, stating that Oracles cloud infrastructure is more secure and better suited to the needs of the Israeli government. Oracle was disqualified in the first phase of the tender, and has since filed a petition against the Government Procurement Administration and the tender winners. Feigenbaum argues that the decision to store Israeli data in another country is dangerous, and that the tender should have required server farms to be built in an underground structure. Oracle is hoping to persuade the country to allow more cloud providers to sell services to the government.
CustomersPartners
growth-negative
Oracle CEO Safra Catz underscores Israel support in Jerusalem data center launch
Oracle CEO Safra Catz, during a press conference in Jerusalem, expressed her disappointment over Oracles loss in a tender for a $1 billion cloud project for Israel’s public sector and military. The tender, known as Nimbus, was won by Amazon Web Services (AWS) and Google. Catz, who was born in Israel, also addressed the issue of employees at tech companies protesting against Israel, stating that those who do not agree with Oracles mission to support Israel may not be suited to the company.
Customers
growth-positive
Oracle to open Israel data center this summer
Oracle plans to continue setting up a data center in Israel despite losing the government Nimbus cloud tender to AWS and Google Cloud. The data center, located in Jerusalems Har Hotzvim high-tech park, is scheduled to be launched in the summer. This will be Israels first data center opened by a US tech giant. The cost of building the data center is NIS 1 billion. Microsoft, another company that lost the Nimbus tender, also plans to open a data center in Israel in early 2022.
Expand
growth-positive
Oracle to Launch Israel Cloud Region in an Underground Data Center
Oracle is preparing to launch its cloud data center in Israel, which will be its second cloud region in the Middle East. The data center, located in Jerusalem, is a highly secure four-level underground facility shared with sensitive IT infrastructure. The facility was built by Israeli IT service provider Bynet Data Communications. Other cloud platforms like Amazon Web Services and Microsoft Azure are also planning to establish data centers in Israel. The interest in the market is fueled by the Israeli governments project to move its IT infrastructure to the cloud. The government is currently evaluating bids from cloud providers. The Oracle cloud region in Israel is still in the works and has not been launched yet.
PartnersInvestment
growth-positive
On the way to an Israeli cloud: Oracle announces launch of local site
Oracle plans to open a new region in Israel for its public cloud infrastructure. The company will establish a server farm in Israel, which will be available to both the private and government sectors. This expansion is part of Oracles plan to open an average of one region every 23 days over the next 15 months, totaling 20 additional regions. Oracle will also open two regions dedicated to government use in the U.K. and Israel. This move makes Oracle the first international player to have a local presence in Israel, giving it an advantage over competitors like Google, Microsoft, IBM, and Amazon. The expansion aligns with the Israeli governments Nimbus Project, which aims to transfer the states computing infrastructure onto the cloud. Oracles announcement is expected to stimulate other players to open a presence in Israel and benefit the countrys developers.
Expand
growth-negative
Oracle Shuts Down Operations of Israeli Subsidiary Ravello
Oracle Corp. is shutting down its subsidiary Ravello Systems Inc., which it acquired in 2016 for $430 million. This comes after Oracle started laying off Ravello employees. Ravello was part of Oracles local research and development center, which employed 400 people earlier this year. Oracle is currently undergoing a wave of layoffs globally. Last month, the company informed the California Employment Development Department about its plans to lay off hundreds of workers in the state.
Layoffs
growth-negative
Oracle to lay off dozens in Israel
Oracle is laying off dozens of employees at its Ravello development center in Israel. More than half of the centers 70-80 employees have been summoned to pre-layoff hearings. Oracle acquired Ravello in 2016 for $500 million. Ravello had raised $54 million from investors before the acquisition. Last month, Oracle closed its accelerator in Israel after two years of operation. The layoffs are part of a worldwide wave of layoffs by Oracle, which is expected to affect up to 10% of the companys staff. Oracles market cap is $181 billion. The layoffs are a result of reduced use of Oracles infrastructure by Amazon, one of its key customers. Oracle has 400 employees in Israel.
Layoffs
growth-positive
Oracle Acquires Tel Aviv-Based User Training Startup Iridize
Oracle Corp. has signed an agreement to acquire user training startup Iridize Ltd. The financial terms of the deal were not disclosed. Oracle intends to use Iridizes technology to increase the adoption of its cloud applications.
Acquisition
growth-positive
http://www.jpost.com/Business-and-Innovation/Head-of-Oracles-start-up-incubator-hints-at-further-expansion-in-Israel-504548
Oracle, the American cloud computing company, has selected five Israeli start-ups for its accelerator program and is further exploring the countrys start-up and hi-tech scene. The company sees potential in partnering with Israeli start-ups to maintain its competitive edge in the rapidly changing cloud computing industry. Oracle plans for further expansion and partnership with Israeli hi-tech start-ups, and there is a possibility of opening a Palestinian development center in the West Bank. The company has had separate offices in Israel for 20 years and has previously acquired Israeli start-ups in multi-million dollar deals. The Oracle incubator program provides support and resources for Israeli start-ups to develop their products and grow. The program has a 2.5% acceptance rate, with five start-ups currently participating.
PartnersExpand
growth-positive
Oracle welcomes its first class of Israeli startups
Oracle has selected its inaugural class of startup participants for its new Oracle Startup Cloud Accelerator program in Tel Aviv. The program provides mentoring, technology, co-working space, and access to customers, partners, and investors. The five Israeli startups in the initial class are 3DSignals, Nsof Networks, Bonobo, Zoomin, and Toonimo. Oracle aims to scale these startups in the enterprise space and bridge the gap between Israeli entrepreneurs and their target market. The Israeli startup ecosystem is considered mature and advanced in terms of building cutting-edge technology.
PartnersCustomers
growth-positive
Oracle sets up Tel Aviv startup accelerator for cloud edge
Oracle plans to open a Startup Cloud Accelerator program in Israel to promote local innovation in cloud technology. The company aims to give startups access to resources and support, while also getting them to use Oracles software and services. Oracle is competing with Microsoft, SAP, and Salesforce in the enterprise software segment and seeks to position itself as a global leader in cloud. The company sees a significant opportunity for growth in the cloud market, as only six percent of enterprise workloads are currently delivered through the cloud. Oracle has been active in Israel for 20 years and is joining other multinational companies in setting up R&D centers and accelerators in the country.
PartnersCustomers
growth-positive
Oracle acquires Israeli co Ravello Systems for $500m
Oracle has acquired cloud software company Ravello Systems for $500 million. Ravello Systems has raised $54 million to date from venture capital funds. All employees of Ravello will join Oracle as part of Oracle Public Cloud.
Acquisition
growth-positive
Oracle buys Israeli start up Convergin
Oracle announced the acquisition of Israeli start-up Convergin for an estimated price of $80-90 million. Convergin provides service broker and service capability interaction management telecommunications network solutions. The acquisition is expected to close in the first half of the year. This is Oracles third acquisition in Israel and its most expensive.
Acquisition
growth-positive
Oracle To Acquire HyperRoll
Oracle is acquiring the assets of HyperRoll, a financial reporting acceleration software firm. The deal is expected to close by the end of the year. The acquisition will strengthen Oracles Enterprise Performance Management software and improve reporting speed and compliance. HyperRolls products can also benefit data warehouse managers by improving query performance and speeding up report requests. The article does not mention any specific customers or the valuation amount of the acquisition. The event described in the article does not have a specific date mentioned. Confidence level: 8
Acquisition
growth-positive
Oracle's new acquisition includes Israeli R&D center
Oracle Corporation has acquired Primavera Software Inc., a project portfolio management solutions developer, for an undisclosed sum. The acquisition includes Primaveras Jerusalem development center. The acquisition will combine Primaveras PPM products with Oracles solutions to create a comprehensive enterprise project portfolio management solution. This is expected to help companies optimize resources, reduce costs, manage changes, and make better decisions using real-time data. Primavera has 550 employees, 76,000 customers, and is profitable. Primavera CEO Joel Koppelman will lead the business unit as Oracle SVP and general manager.
AcquisitionPartners
