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Oracle to buy cloud firm for $1.5 bn
by Staff Writers
New York (AFP) Dec 20, 2013


Business software giant Oracle announced plans Friday to boost its cloud services with a $1.5 billion acquisition of Responsys.

Responsys, which like Oracle is based in California, was formed in 1998 to provide software that would enable marketers to design, execute and manage email campaigns.

The group claims more than 450 clients in a range of sectors and had 2012 revenues of $163 million.

Oracle said in a statement the deal "creates the world's largest modern marketing cloud."

The deal, approved by both boards, calls for Oracle to pay $27 a share -- about 38 percent higher than the previous closing price for Responsys.

Oracle will combine the new acquisition with Eloqua, which it bought a year ago for $871 million.

soe/rl/sg

ORACLE

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Leaner Fourier transforms
Boston MA (SPX) Dec 20, 2013
The fast Fourier transform, one of the most important algorithms of the 20th century, revolutionized signal processing. The algorithm allowed computers to quickly perform Fourier transforms - fundamental operations that separate signals into their individual frequencies - leading to developments in audio and video engineering and digital data compression. But ever since its development in ... read more


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