Feeds

Oracle puts $525m between SAP and Retek

Not so fast

  • alert
  • submit to reddit

High performance access to file storage

Oracle continues to prove its passion for acquisition and annoyance. It announced an offer today for software maker Retek that beats out an earlier bid from rival SAP.

Oracle said it will make a tender offer on Wednesday for Retek of $9 per share in cash or close to $525m. That's considerably more than the $8.50 per share - or $496m - bid placed last week by SAP. Retek specializes in retail software used to track inventory and to control distribution systems.

"Oracle's Applications business in North America is larger than SAP's," said Oracle CEO, Larry Ellison. "We intend to defend our number one position."

Keeping things really interesting, Oracle revealed that it purchased 5.5m shares of Retek stock this week. That amount is close to 10 per cent of Retek's outstanding stock.

Retek's board had already approved and recommended the SAP purchase. The company pulled in $174m last year and has more than 200 customers. Neither SAP nor Retek immediately returned calls seeking comment.

SAP must know it's in for a real battle after seeing Oracle's protracted effort to buy PeopleSoft. Database Larry won't give in anytime soon. ®

Related stories

SAP plays down Microsoft threat
Ellison confounds sceptics over PeopleSoft
Let's play the Magic Quadrant game
Oracle finally has its prize

Combat fraud and increase customer satisfaction

More from The Register

next story
This time it's 'Personal': new Office 365 sub covers just two devices
Redmond also brings Office into Google's back yard
Inside the Hekaton: SQL Server 2014's database engine deconstructed
Nadella's database sqares the circle of cheap memory vs speed
Oh no, Joe: WinPhone users already griping over 8.1 mega-update
Hang on. Which bit of Developer Preview don't you understand?
Microsoft lobs pre-release Windows Phone 8.1 at devs who dare
App makers can load it before anyone else, but if they do they're stuck with it
Half of Twitter's 'active users' are SILENT STALKERS
Nearly 50% have NEVER tweeted a word
Internet-of-stuff startup dumps NoSQL for ... SQL?
NoSQL taste great at first but lacks proper nutrients, says startup cloud whiz
IRS boss on XP migration: 'Classic fix the airplane while you're flying it attempt'
Plus: Condoleezza Rice at Dropbox 'maybe she can find ... weapons of mass destruction'
Ditch the sync, paddle in the Streem: Upstart offers syncless sharing
Upload, delete and carry on sharing afterwards?
New Facebook phone app allows you to stalk your mates
Nearby Friends feature goes live in a few weeks
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.