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Aug 01, 2022 (Market Insight Reports) -- New Jersey, United States- The Global Database Management System(DBMS) Market report is a consolidation of primary and secondary research, which provides market size, share, overview, trends, dynamics, and forecast for various segments and sub-segments considering the macro and micro environmental factors. It also assesses suppliers' and buyers' bargaining power, the threat of new entrants and product alternatives, and the level of competition. To provide a thorough and in-depth perspective of the Database Management System(DBMS) market, other elements such as supply chain, downstream buyers, and sourcing strategy have been evaluated.
The report will give you an extensive layout of how the business works, its resources, weaknesses, open entryways for progress, examples, and how it acts in different conditions. The report begins with a diagram of the cutting-edge chain plan and gives a short perspective toward the upstream raw parts. Then, it presents its degree, Application, creation market assessment, progressing mechanical headways in the Database Management System(DBMS) business is also taught.
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The worldwide Database Management System(DBMS) market is expected to grow at a booming CAGR of 2022-2028, rising from USD billion in 2021 to USD billion in 2028. It also shows the importance of the Database Management System(DBMS) market main players in the sector, including their business overviews, financial summaries, and SWOT assessments.
Database Management System(DBMS) Market, By Segmentation:
Database Management System(DBMS) Market segment by Type:
Database Operation Management
Database Maintenance Management
Database Management System(DBMS) Market segment by Application:
Key highlights of the Database Management System(DBMS) Market report study:
? Detailed information on the global Database Management System(DBMS) industry.
? The report analyzes the global Database Management System(DBMS) market and provides important actionable insights to the stakeholders.
? The report considered all major developments. Help report users with recent past and recent industry updates.
? The study of the report is expected to help key decision makers in the industry to assist them in their decision-making process.
? The study includes data on Database Management System(DBMS) Market intelligence. , changing market dynamics, current and projected market trends, etc.
? The report consists of an in-depth analysis of the macroeconomic and microeconomic factors influencing the global Database Management System(DBMS) market.
? Adoption by market ecosystem and market region.
? Key trends shaping the global Database Management System(DBMS) market.
? Historical and forecasted size of the Database Management System(DBMS) market in terms of revenue (in USD million).
North America, Latin America, Asia-Pacific, Europe, the Middle East, and Africa are additionally investigated in view of the provincial review. The dangers, issues, and amazing open doors confronting the Database Management System(DBMS) market are additionally featured in the examination. The Covid 19 infection's unfavorable results on the world economy are likewise analyzed in the exploration.
Cumulative Impact of COVID-19 on Market:
The COVID-19 episode has overpowered numerous expert associations in the region, as has working from home. The Covid-19 episode has introduced hardships for different dealers in the region, including coming up with adaptable business procedures to keep the region’s overall economy above water and supporting people and their families in getting through fiscally today and later on.
The study examines the Database Management System(DBMS) market's competitive landscape and includes data on important suppliers, including Microsoft
FileMaker Inc. & Others
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2. Which associations are the most incredible in the market?
3. What are the Market’s pieces?
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Table of Contents:
List of Data Sources:
Chapter 2. Executive Summary
Chapter 3. Industry Outlook
3.1. Database Management System(DBMS) Market - Industry segmentation
3.2. Database Management System(DBMS) Market - Industry size and growth prospects, 2015 - 2026
3.3. Database Management System(DBMS) Market - Industry Value Chain Analysis
3.3.1. Vendor landscape
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.6. Porter's Analysis
3.6.1. Threat of New Entrants
3.6.2. Bargaining Power of Buyers
3.6.3. Bargaining Power of Buyers
3.6.4. Threat of Substitutes
3.6.5. Internal Rivalry
3.7. PESTEL Analysis
Chapter 4. Database Management System(DBMS) Market - Industry Product Outlook
Chapter 5. Database Management System(DBMS) Market - Industry Application Outlook
Chapter 6. Database Management System(DBMS) Market - Industry Geography Outlook
6.1. Database Management System(DBMS) Industry Share, by Geography, 2022 & 2028
6.2. North America
6.2.1. Market 2022 -2028 estimates and forecast, by product
6.2.2. Market 2022 -2028, estimates and forecast, by application
6.2.3. The U.S.
126.96.36.199. Market 2022 -2028 estimates and forecast, by product
188.8.131.52. Market 2022 -2028, estimates and forecast, by application
184.108.40.206. Market 2022 -2028 estimates and forecast, by product
220.127.116.11. Market 2022 -2028, estimates and forecast, by application
6.3.1. Market 2022 -2028 estimates and forecast, by product
6.3.2. Market 2022 -2028, estimates and forecast, by application
18.104.22.168. Market 2022 -2028 estimates and forecast, by product
22.214.171.124. Market 2022 -2028, estimates and forecast, by application
6.3.4. the UK
126.96.36.199. Market 2022 -2028 estimates and forecast, by product
188.8.131.52. Market 2022 -2028, estimates and forecast, by application
184.108.40.206. Market 2022 -2028 estimates and forecast, by product
220.127.116.11. Market 2022 -2028, estimates and forecast, by application
Chapter 7. Competitive Landscape
Chapter 8. Appendix
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Anaconda and Oracle partner to help secure the open-source pipeline in high-performance machine learning on Oracle Cloud Infrastructure (OCI)
AUSTIN, Texas, August 09, 2022--(BUSINESS WIRE)--Anaconda Inc., provider of the world’s most popular data science platform, today announced a collaboration with Oracle Cloud Infrastructure to offer secure open-source Python and R tools and packages by embedding and enabling Anaconda’s repository across OCI Artificial Intelligence and Machine Learning Services. Customers have access to Anaconda services directly from within OCI without a separate enterprise license.
"We are committed to helping enterprises secure their open-source pipelines through the ability to use Anaconda anywhere, and that includes inside the Oracle Cloud," said Peter Wang, CEO and co-founder of Anaconda. "By combining Anaconda’s package dependency manager and curated open-source repository with OCI’s products, data scientists and developers can seamlessly collaborate using the open-source Python tools they know and trust – while helping meet enterprise IT governance requirements."
Python has become the most popular programming language in the data science ecosystem, and for good reason; it is a widely-accessible language that facilitates a variety of programming-driven tasks. Because the velocity of innovation powered by the open-source community outpaces any single technology vendor, more and more organizations are adopting open-source Python for enterprise use.
"Oracle’s partnership to provide data scientists with seamless access to Anaconda not only delivers high-performance machine learning, but also helps ensure strong enterprise governance and security," said Elad Ziklik, vice president, AI Services, Oracle. "With security built into the core OCI experience, plus the security of Anaconda’s curated repository, data scientists can use their favorite open-source tools to build, train, and deploy models."
Together, Anaconda and Oracle are looking forward to bringing open-source innovation to the enterprise, helping apply ML and AI to the most important business and research initiatives. For more information on how to use Anaconda in OCI, click here.
With more than 30 million users, Anaconda is the world’s most popular data science platform and the foundation of modern machine learning. We pioneered the use of Python for data science, champion its vibrant community, and continue to steward open-source projects that make tomorrow’s innovations possible. Our enterprise-grade tools are the leading solution for securing and managing commercial uses of Python, and enable corporate, research, and academic institutions around the world to harness the power of open-source for competitive advantage, groundbreaking research, and building a smarter, better world.
Anaconda.com | anaconda.cloud | repo.anaconda.com
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AMA introduce new research on Global Fixed Asset Management Software covering micro level of analysis by competitors and key business segments (2021-2027). The Global Fixed Asset Management Software explores comprehensive study on various segments like opportunities, size, development, innovation, sales and overall growth of major players. The research is carried out on primary and secondary statistics sources and it consists both qualitative and quantitative detailing.
Ask demo Report PDF @ https://www.advancemarketanalytics.com/sample-report/8333-global-fixed-asset-management-software-market
Some of the Major Key players profiled in the study are IBM (United States), Infor (United States), SAP (Germany), Microsoft (United States), Oracle (United States), Sage (United Kingdom), Acumatica (United States), Aptean (United Kingdom), Maintenance Connection (United States), , IFS (Sweden), eMaint (United States), Ramco Systems (India), ABB (Switzerland, Tracet (India), Mainsaver (United States), Sage Intacct (United States), Cougar Mountain Software (United States), Multiview Corporation (Canada), NetSuite (United States), SAP ERP Core Finance (Germany).
Fixed asset management software is a process deployed by businessmen to organize, store, retrieve and manage rights. The expansion of an infrastructure to preserve and manage assets allows end-users to identify and locate assets. Fixed Asset management software is a set of database records and each database record comprises of metadata explaining the information about its content. The software helps to organize the databases and helps the companies to store. The fixed asset management software also helps enterprises to track and analyze abilities of expensive equipment and assets, including laboratory equipment, air cons, and ultrasound machines. Further, Growing demand to reduce operational cost and Multiply Profits through Efficient Management of Assets software by enterprises is driving the Global fixed asset management software market.
Influencing Market Trend
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Which market aspects are illuminated in the report?
Executive Summary: It covers a summary of the most vital studies, the Global Fixed Asset Management Software market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.
Study Analysis: Covers major companies, vital market segments, the scope of the products offered in the Global Fixed Asset Management Software market, the years measured and the study points.
Company Profile: Each Firm well-defined in this segment is screened based on a products, value, SWOT analysis, their ability and other significant features.
Manufacture by region: This Global Fixed Asset Management Software report offers data on imports and exports, sales, production and key companies in all studied regional markets
Highlighted of Global Fixed Asset Management Software Market Segments and Sub-Segment:
Fixed Asset Management Software Market by Key Players: IBM (United States), Infor (United States), SAP (Germany), Microsoft (United States), Oracle (United States), Sage (United Kingdom), Acumatica (United States), Aptean (United Kingdom), Maintenance Connection (United States), , IFS (Sweden), eMaint (United States), Ramco Systems (India), ABB (Switzerland, Tracet (India), Mainsaver (United States), Sage Intacct (United States), Cougar Mountain Software (United States), Multiview Corporation (Canada), NetSuite (United States), SAP ERP Core Finance (Germany)
Fixed Asset Management Software Market by Types: Cloud-Based, On-Premises, Web-based
Fixed Asset Management Software Market by End-User/Application: Accounting, Tax Management, Asset Tracking, Asset Management, Document Management, Others
Fixed Asset Management Software Market by Organisation Size: SMEs, Large Enterprises
Fixed Asset Management Software Market by Geographical Analysis: Americas, United States, Canada, Mexico, Brazil, APAC, China, Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK, Italy, Russia, Middle East & Africa, Egypt, South Africa, Israel, Turkey & GCC Countries
For More Query about the Fixed Asset Management Software Market Report? Get in touch with us at: https://www.advancemarketanalytics.com/enquiry-before-buy/8333-global-fixed-asset-management-software-market
The study is a source of reliable data on: Market segments and sub-segments, Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological innovations Value chain and investor analysis.
Interpretative Tools in the Market: The report integrates the entirely examined and evaluated information of the prominent players and their position in the market by methods for various descriptive tools. The methodical tools including SWOT analysis, Porter’s five forces analysis, and investment return examination were used while breaking down the development of the key players performing in the market.
Key Growths in the Market: This section of the report incorporates the essential enhancements of the marker that contains assertions, coordinated efforts, R&D, new item dispatch, joint ventures, and associations of leading participants working in the market.
Key Points in the Market: The key features of this Fixed Asset Management Software market report includes production, production rate, revenue, price, cost, market share, capacity, capacity utilization rate, import/export, supply/demand, and gross margin. Key market dynamics plus market segments and sub-segments are covered.
Basic Questions Answered
*who are the key market players in the Fixed Asset Management Software Market?
*Which are the major regions for dissimilar trades that are expected to eyewitness astonishing growth for the
*What are the regional growth trends and the leading revenue-generating regions for the Fixed Asset Management Software Market?
*What are the major Product Type of Fixed Asset Management Software?
*What are the major applications of Fixed Asset Management Software?
*Which Fixed Asset Management Software technologies will top the market in next 5 years?
Examine Detailed Index of full Research Study [email protected]: https://www.advancemarketanalytics.com/reports/8333-global-fixed-asset-management-software-market
Table of Content
Chapter One: Industry Overview
Chapter Two: Major Segmentation (Classification, Application and etc.) Analysis
Chapter Three: Production Market Analysis
Chapter Four: Sales Market Analysis
Chapter Five: Consumption Market Analysis
Chapter Six: Production, Sales and Consumption Market Comparison Analysis
Chapter Seven: Major Manufacturers Production and Sales Market Comparison Analysis
Chapter Eight: Competition Analysis by Players
Chapter Nine: Marketing Channel Analysis
Chapter Ten: New Project Investment Feasibility Analysis
Chapter Eleven: Manufacturing Cost Analysis
Chapter Twelve: Industrial Chain, Sourcing Strategy and Downstream Buyers
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The latest Multichannel Order Management Market report delivers an overall analysis of the major strategies, corporate models, and market shares of the most acknowledged players of the market. The research gives an account of key persuading factors, market figures in terms of revenues, segmental data, also region or country-wise data. This research work can be perceived as the most extensive documentation comprising all the aspects of the emerging Multichannel Order Management Market.
The research report features the key parameters such as global market revenue, parent market trends, macroeconomic indicators, governing factors, along with market captivation per market segment. The rate of growth of Multichannel Order Management Market for the forecast period 2028 is also presented here. Most significantly, the report further assesses the qualitative impact of various market factors on market segments and geographies. The market segmentation is seen on the basis of product type, application, technology, and region. To make the study more clear and lucid, the report magnifies various parameters including but not limited to supply chain management, niche market, distribution channel, trade, supply, demand, and production capability across different regions.
Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis – https://www.theinsightpartners.com/sample/TIPRE00007488
The Prominent/Emerging Players in the Multichannel Order Management Market Research include:
Browntape Technologies Pvt. Ltd.
Cloud Commerce Pro Ltd
ecomdash (Endurance Commerce, LLC)
The research conducts SWOT analysis to assess the strengths and weaknesses of the key market players. Also, the report involves critical examination of all the drivers and restraints manipulating the market. It also evaluates the trends observed in parent market, macro-economic indicators, prevalent factors, and market appeal according to different segments. The possible influence of various industrial aspects on Multichannel Order Management Market and regions is also incorporated in the report.
Have a 15-minute-long discussion with the lead analyst and author of the report in a time slot decided by you. You will be briefed about the contents of the report and queries regarding the scope of the document will be addressed as well https://www.theinsightpartners.com/speak-to-analyst/TIPRE00007488
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It is extremely vital to have an impartial understanding of market opinions for a strategy. Our insights provide a keen view of the market sentiment. We keep this reconnaissance by engaging with Key opinion Leaders of value chain of each industry we track.
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Our research sets the hierarchy of investment centers of the market by considering their future demands, returns, and profit margins thus, enabling the clients to focus on most prominent investment centers by procuring our market reports.
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Multichannel Order Management Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America
“The Insight Partners” is a one-stop solution for all industrial research requirements. We help our clients get quick solutions pertaining to the market scenario and requirements based on our state-of-the-art research methodology. We excel at providing the research-based reports across a wide range of sectors and industries such as Semiconductors & Electronics, Aerospace & Defense, Automotive & Transportation, Biotechnology, Healthcare, IT, Manufacturing & Construction, Medical Device Technology, Media & Telecommunications, and Chemicals & Materials.
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Strong natural language capabilities, open semantic layer, and extensive customer support ecosystem noted as key strengths of Oracle Analytics
AUSTIN, Texas, July 28, 2022 /PRNewswire/ -- Oracle today announced that it has been recognized as a Leader in the IDC MarketScape: U.S. Business Intelligence and Analytics Platforms 2022 Vendor Assessment. This IDC MarketScape includes 16 select business intelligence and analytics (BIA) platform providers. Represented by Oracle Analytics Cloud (OAC) and Oracle Analytics Server (OAS), Oracle Analytics placed among the top platforms in the current BIA offering category.
“Oracle’s innovation in AI-based automation across the entire analytics and business intelligence continuum accelerates insights, recommendations, and actions that help Boost outcomes throughout the enterprise,” said Dan Vesset, group vice president of Analytics and Information Management market research, IDC.
According to the report, “Consider Oracle BIA software if your organization has broad requirements for ad hoc data exploration, performance management, scenario analysis, and embedded analytics. By offering multiple-related BIA products, Oracle enables clients to take advantage of its capabilities in the environment and use cases of their choice.”
IDC’s assessment highlights several key OAC strengths, including its prebuilt capabilities that use machine learning for auto-generating and explaining insights in all data, as well as others that significantly Boost user experience such as natural language (NL) and natural language query (NLQ). These strengths include:
“Our strategy is to empower everyone to make analytics-driven decisions that increase the benefit to their organization,” said T.K. Anand, executive vice president, Oracle Analytics. “We’re honored to have IDC validate our commitment to innovating for our customers.”
Oracle Analytics is a complete cloud platform with ready-to-use services for a wide variety of workloads and data. Offering valuable, actionable insights from all types of data—in the cloud, on-premises, or in a hybrid deployment—Oracle Analytics uses machine learning to empower business users, data engineers, and data scientists to access and process relevant data, evaluate predictions, and make quick accurate decisions.
Download a copy of the IDC MarketScape report here.
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at oracle.com.
About IDC MarketScape
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
Oracle, Java, and MySQL are registered trademarks of Oracle Corporation.
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Leaders offer comprehensive solutions that can be tailored to operate multiple WMS modules with rich functionality and high integration
BOULDER, Colo., Aug. 2, 2022 /PRNewswire/ -- A new report from Guidehouse Insights examines the competitive landscape for warehouse management systems (WMS) software.
WMS supports commercial inventory management and distribution logistics and today provides increasing efficiencies and end-to-end system integration in a wide variety of operational environments. In particular, WMS is a key coordinating element within automated control systems that integrate advanced robotics, IoT sensor networks, and improved connectivity through Wi-Fi 6 or 5G protocols. According to a Leaderboard report from Guidehouse Insights, Manhattan Associates, Oracle Fusion Cloud WMS and Infor SCM Cloudsuite are the leading WMS software vendors.
"The market for WMS software across manufacturing, e-commerce, and other industrial settings is mature, but seeing new drivers of growth in the wake of COVID-19 market impacts, as a new wave of investment supports rehabilitated supply chains," says Daniel Talero, research analyst with Guidehouse Insights. "However, barriers in this mature market must be addressed before WMS's full potential in new industry applications is realized—in particular, redundancy and competition with enterprise resource planning software offerings that automate processes across business functions, not just in warehouses."
Leaders offer comprehensive solutions that can be tailored to operate multiple WMS modules with rich functionality and high integration. Companies that trail the leaders may lag in AI capabilities, augmented reality integration, microservice solutions, or supply-chain execution (SCE) integration, according to the report.
The report, Guidehouse Insights Leaderboard: Warehouse Management System Software, examines the strategy and execution of 10 WMS software vendors on the following criteria: vision; go-to-market strategy; partners; technology; geographic reach; sales, marketing, and distribution; product performance; product portfolio; and staying power. Using Guidehouse Insights' proprietary Leaderboard methodology, vendors are profiled, rated, and ranked with the goal of providing an objective assessment of their relative strengths and weaknesses in the global WMS software market. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today's rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
Guidehouse is a leading global provider of consulting services to the public sector and commercial markets, with broad capabilities in management, technology, and risk consulting. By combining our public and private sector expertise, we help clients address their most complex challenges and navigate significant regulatory pressures focusing on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that help our clients outwit complexity and position them for future growth and success. The company has more than 13,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.
* The information contained in this press release concerning the report, Guidehouse Insights Leaderboard: Warehouse Management System Software, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and genuine results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
For more information, contact:
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(Bloomberg) -- Oracle Corp. Chairman Larry Ellison testified in a lawsuit on Wednesday that he didn’t call the shots at the company he co-founded and in which he holds a 40% stake and was not involved in discussing the acquisition at the center of the dispute.
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The investor suit, brought in a Delaware court by a pension fund, accuses the 8th-richest American and others at Oracle of overpaying by $3 billion for rival software maker NetSuite Inc. in 2016. Ellison owned 47% of NetSuite at the time of the $9.3 billion deal and held about 28% of Oracle’s shares.
The Firemen’s Retirement System of St. Louis, an Oracle investor, sued Ellison and the company’s board in 2017 to challenge the acquisition. The case, known as a derivative suit, was brought on behalf of the company, so any money recovered will be returned to Oracle. The company didn’t respond to an email and phone call seeking comment on the case.
A win by the shareholders could force changes to management or the board, or result in an award that would boost the value of the company. As a significant shareholder, Ellison would benefit from any increased value in the company, but that might be offset by any amount he’d be forced to pay -- although payouts are often covered by insurance, said Eric Talley, a professor at Columbia Law School who specializes in corporate and transactional law.
Appearing remotely, Ellison was pressed repeatedly on the plaintiff’s assertion that he remained Oracle’s chief decision-maker even after stepping down as chief executive officer in 2014 and becoming chief technology officer. Lawyers played clips of his successor as CEO and erstwhile boss, Safra Catz, in which she suggested Ellison continued to hold sway.
“Larry Ellison is it,” Catz was shown saying in a 2018 excerpt. “Don’t let titles fool you.”
Ellison, speaking calmly, said Oracle’s board and top managers didn’t defer to him after he stepped down as CEO, adding that there were many instances in which he did not get his way. “The idea that these people just blindly do what I tell them is just not true,” he testified.
Under questioning earlier in the day from a defense lawyer, Ellison also said that he had recused himself from discussions at both companies related to the NetSuite acquisition.
The billionaire said under cross-examination by fund lawyer Randy Baron that he stepped back from the NetSuite deal and gave up his rights to block higher offers for the software maker to eliminate any appearance of a conflict.
“I would have been very vulnerable if I didn’t recuse myself on both sides of this transaction,” Ellison said.
The trial in Delaware Chancery Court got under way last week and Ellison appeared by video after some his defense lawyers tested positive for Covid-19. Getting an executive of Ellison’s stature on the stand in a shareholder suit trial is fairly unusual, but not unique. Tesla Inc. founder Elon Musk -- a friend of Ellison’s -- spent two days in a Delaware court last year testifying to defend his takeover of SolarCity, which shareholders claimed he pushed for his own benefit rather than theirs. Musk won.
While not in the public eye as much as Musk, Ellison is worth $92.6 billion, according to the Bloomberg Billionaires Index. His fortune has almost doubled since 2019 as Oracle stock has jumped. He’s also benefited from owning a stake in Tesla that now exceeds $12 billion. Ellison joined the board of Tesla in 2018.
Read More: Larry Ellison, Lord of Lanai: Bloomberg Businessweek
The suit accuses Ellison, Oracle Chief Executive Officer Catz and director Renee James of orchestrating the combination when NetSuite’s sales were slowing because of increased competition from Oracle to unfairly benefit Ellison and his family. The fund also alleges a majority of Oracle directors deceived investors about Ellison’s role in the NetSuite acquisition process.
An Oracle executive floated the idea of buying NetSuite at a January 2016 Oracle board retreat at Ellison’s estate in Rancho Mirage, California, according to a court filing. Because of his stake in the target, Ellison recused himself from discussions about the deal, but didn’t leave the room, the pension fund claims. Catz and NetSuite executives reached a deal at a price of a $109-a-share, which amounted to a more than 42% premium over the target’s share price, according to the complaint.
Ellison and the other defendants counter the company set up a special board committee to evaluate the NetSuite deal and address the conflict allegations. That group held 15 meetings about the buyout; Ellison didn’t attend any of them, according to Oracle’s court filings.
The committee hired the investment firm Moelis & Co to review the deal concluded the value was “fair from a financial point of view to the company,” the filings said. “Oracle’s acquisition of NetSuite, Inc. was not merely a valid exercise of business judgment; it was one of the best deals Oracle has ever made.”
Since the 2016 NetSuite deal, Oracle has acquired 22 more companies. Most recently, it paid $28.3 billion for health care records provider Cerner Corp. to try and build inroads in the health care industry, which has been comparatively slow to adopt cloud database technology.
The defense also belittled the fund’s allegations Ellison used Catz and James as his pawns to engineer the deal in a way that unduly benefited the billionaire and his family. “It would make no sense for Ellison to risk his far more significant Oracle investment -- and his reputation/legacy -- by causing Oracle to engage in a conflicted and value-decreasing transaction, just to save his much-smaller investment in NetSuite,” according to the brief.
To make out their case under Delaware law, the fund must prove to the judge that Oracle’s buyout of NetSuite wasn’t “entirely fair,” and Ellison, Catz and James violated legal duties to shareholders by overpaying for the software maker.
Judge Sam Glasscock III is hearing the case in Georgetown, Delaware. He’s expected to hand down a decision later this year.
The case is In Re Oracle Corporation Derivative Litigation, 2017-0337, Delaware Chancery Court (Wilmington).
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