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Cloud Stocks Up on Oracle/Taleo Deal

NEW YORK ( TheStreet) -- Oracle's (ORCL - Get Report) $1.9 billion acquistiion of talent management software company Taleo (TLEO) helped boost cloud stocks on Thursday.

The acquisition is Oracle's biggest play in the cloud computing space, which lets businesses store their data on remote servers on the Web. It also comes on the heels of SAP's (SAP - Get Report) $3.4 billion acquisition of SuccesFactors (SSF) in December.

Here's how other cloud-based stocks are faring.

Cloud leader Salesforce (CRM - Get Report) saw shares rise to 2% in late trading Thursday to $126.23.

Shares of virtualization software company VMWare (VMW - Get Report) increased 0.9% to $95.05.

Rackspace (RAX - Get Report) shares jumped 1.2% to $49.62.

Shares of cloud-based software company NetSuite (N), meanwhile, are down 0.2% to $46.39

-- Written by Olivia Oran in New York.



>To follow the writer on Twitter, go to http://twitter.com/Ozoran.

>To submit a news tip, send an email to: tips@thestreet.com.

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SYM TRADE IT LAST %CHG
CRM $67.83 0.00%
ORCL $43.08 0.00%
RAX $54.64 0.00%
SAP $75.18 0.00%
VMW $88.23 0.00%

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