ORACLE ACCELERATES ITS CLOUD DEVELOPMENT

Oracle-cloud-300x141In the space of two weeks, the IT giant Oracle has acquired Textura, who develop SaaS project management software, specialising in the construction sector and also Opower, who are behind a cloud CRM solution dedicated to companies in the energy sector. The acquisition of these two companies confirms Oracle’s committment to the cloud sector, part of the company’s long-term strategy.  The company estimates at that the cloud market will be worth $17,500 billion by 2030, justifying such investments. Let’s hope that Oracle’s return on investment is enough to pay off the €1.2 billion paid for these takeovers!