CRM SOFTWARE INDUSTRY BUZZ
Oracle Acquires Salesforce.com?
Rumors of Salesforce.com approaching Oracle in order to be acquired have circulated since about February 2008 when industry guru Tom Foremski and the Silicon Valley Watcher network first reported that Salesforce.com was looking for an acquisition buyer.
While Oracle needs a credible SaaS CRM solution in a bad way and while Salesforce.com and Oracle share a similar corporate culture which would seem to suggest a relatively straight-forward post-acquisition integration, Oracle is seemingly controlling any acquisition opportunity. Oracle's Larry Ellison is an M&A sage, believes that Google has no competing acquisition interest in the software as a service CRM company (despite Salesforce.com's best efforts to appeal to Google) and if desired, he can probably purchase the on-demand CRM software company on his terms and schedule.
Fast forward eight months. Today, Ellison said his company may look to take advantage of the slumping economy and acquire other software companies at a buyer's price. According to Ellison, "Acquisitions that we have been looking at for some time may now be more attractive." Combine Ellison's new found acquisition appetite with Salesforce.com's massive decline in stock valuation as well as predictions posted on the Industry Standard and elsewhere that the SaaS CRM giant may disappoint analysts twice in a row when they announce their next quarterly numbers and you have the makings for a perfect storm scenario whereby Oracle gets a bargain buy for Salesforce.com and finally gains credibility in the high growth SaaS CRM software industry.
Trackback: http://www.erp.asia/oracle-acquires-salesforce.asp
Tags: Salesforce.com, Oracle
Posted: On-Demand CRM Software
By: crmgonewild.com
Date: October 11, 2008
Comments: email comments to buzz<at>erp.asia
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