October 15 - Financial Post (Canada) - Oracle Corp.’s offer last Friday to buy software developer BEA Systems Inc. for US$6.66-billion is yet another sign that the business application market remains highly competitive, as larger players continue to snap up high growth software companies.
Along with Oracle’s tentative deal and SAP’s purchase of Business Objects SA last week, RBC Capital Markets analyst Mike Abramsky said the chance of other mergers and acquisitions for other software companies happening now is high.
“You’re seeing acceleration of some dynamics in the market that are clearly going to increase the probability they will going to be acquired,” Mr. Abramsky said in a phone interview. “Those trends include the slowing in growth of some of the bigger players that have been dominating the market like SAP, Oracle and Microsoft, and the need to fuel that growth through acquisitions.” Read More.
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