Skip to main content

Oracle's Siebel Buy Gets Regulatory OK

Oracle also adds two more companies to its portfolio.
  • Author:
  • Publish date:

Oracle (ORCL) - Get Free Report won regulatory approval to buy Siebel Systemsundefined for $5.85 billion and said Wednesday it will continue its two-year M&A binge with the acquisition of two privately-held security software companies.

Approval of the $5.85 billion Siebel deal, which will make Oracle one of the top providers of customer relationship management software in addition to its core database business, was never seriously in doubt. It is expected to close in the first quarter of 2006, Oracle said.

The new acquisitions, Thor Technologies and OctetString, will strengthen Oracle's offerings in identity and access management tools that make it easier to provide secure access to multiple applications and databases and to ensure that former employees, or former contractors, lose their network access when they leave the company.

The small companies become the tenth and eleventh acquisitions Oracle has made since it won control of PeopleSoft after a bare-knuckled, 18-month brawl. The spending spree, designed to bolster Oracle's lagging applications business has cost the company about $13 billion, net acquired cash.

In recent trading, shares of Oracle were off 15 cents, or 1.2%, to $12.52; Siebel was up 9 cents, to $10.49.