Sun Shareholders are not very happy about the recent $7.4 billion proposed acquisition offer from Oracle. They placed three class action lawsuits to block the planned merger with Oracle. Sun made this disclosure with the U.S. Securities and Exchange Commission. Sun Micro did not respond to the complaint. As per an expert, if Oracle is really interested to acquire SUN, the lawsuit may not be a deterrent because Oracle can raise the offer to keep the deal alive.
Oracle recently announced that it agreed to buy Relsys International Inc, a leading vendor for Drug Safety and Risk analysis solution for Health Care Industry. Despite the economic downturn, Oracle ventured out for the buyout of the pharmacology software firm. It gives Oracle to expand its domain knowledge in the vertical of Health care Industry.
HP is going to induct EDS at its Technology Solution Group. Initially, HP allowed EDS to run separately from its Technology Solution Group. But, that structure didn’t last long enough. The announcement was made on Friday. HP said that the latest move will help the company deliver better integrated solution and boost the revenue growth and cost-efficiency goal.
Nortel announced that it has acquired Pingtel, an unified communication based software provider and is owned by Bluesocket inc, a mobile solution provider. Financial terms of the deal has not been announced yet. All of the employees of Pingtel will be integrated with Nortel. On the other hand hand, Pingtel is going to add unified communication based portfolio in addition to its research capabilities to Nortel.
Sybase, one of the largest enterprise software and service company is going to team up with Qliktech, the world’s fastest business Intelligence provider. They will jointly provide powerful solution to facilitate user-driven dashboards, ad-hoc analysis and reporting. Full article »
IBM struck a deal to acquire ILOG that valued $340 million . IBM will merge ILOG into its WebSphere brand which will enhance the capability of its middleware. Middleware includes web servers, application servers, and similar tools that support application development and delivery. ILOG BRMS provides easy, safe and predictable control over automated business decisions with the right tools for business managers, analysts, architects and developers
One of the most interesting opportunities of social networking is Lifestreaming. When people get along with friends online they talk about music, review movies, share travel stories, exchange photos, discuss videogames and chat about life. Lifestreaming offers the ability to store and broadcast this information exchange.
Ask.com, the fourth-ranked search engine, has completed its acquisition of Lexico Publishing Group, which owns Dictionary.com, Thesaurus.com, and Reference.com. Ask.com, a wholly owned subsidiary of InterActiveCorp, had announced the all-cash deal in mid-May.
Verizon is going to buy Alltel equity and debt in a transaction worth $28.1 billion. Verizon will purchase Alltel from TPG Capital and GS Capital Partners, for about $5.9 billion in cash and will assume Alltel’s debt, which is estimated to be $22.2 billion, making the total transaction value $28.1 billion.