Printed from http://www.electronista.com

Oracle to buy Eloqua for $871 million

updated 09:32 pm EST, Thu December 20, 2012

Oracle buys software maker Eloqua

Oracle has agreed to buy software maker Eloqua for $23.50 per share, or about $871 million, it was revealed today. Eloqua's board has reportedly agreed to the purchase price, which is more than twice the value of the company's initial public offering price in August, and 31 percent higher than its closing price yesterday. The deal will give Oracle more of a presence in cloud computing and bring it into fiercer competition with Salesforce and SAP.

Eloqua makes web-based marketing and revenue-performance management tools, allowing enterprise customers to reduce costs by renting software hosted online as opposed to maintaining it themselves. The Vienna, Virginia-based company's products are aimed at measuring the effectiveness of email marketing campaigns.

Since its initial public offering on August 1, Eloqua's share prices are up 56 percent through yesterday.

Bloomberg reports that its Eloqua's valuation in the deal is in line with other large cloud company acquisitions of recent, even though the $871 million total is more than nine times Eloqua's sales over the last year. Historically, Oracle has paid eight to 10 times a company's recurring revenue in other online software company acquisitions.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Tablo DVR

With over-the-top content options growing past Hulu and Netflix, consumers may be finding it harder to justify paying a monthly fee fo ...

Sound Blaster Roar Bluetooth speaker

There could very well be a new king of the hill for Bluetooth speakers, with Sound Blaster's recent entry into the marketplace. Bringi ...

Kenu Airframe Plus

Simple, stylish and effective, the Kenu Airframe + portable car mount is the latest addition to Kenu's lineup. Released earlier this y ...

Sponsor

toggle

Most Commented

 
toggle

Popular News