Oracle Gives Itself $1.2 Billion Christmas Gift in Aconex Acquisition; Maintain $46 FVE
Oracle announced Dec. 17 that it has reached an agreement to acquire Australia-based construction project collaboration cloud software vendor Aconex for $1.2 billion net of cash acquired, implying a nearly 50% premium to Aconex’s last closing stock price. The deal comes on the heels of Oracle’s 2016 acquisition of cloud-based construction contract and payment management software vendor Textura, affording Oracle arguably the most holistic vertical-specific software portfolio for the construction ...Oracle provides products and services that address enterprise information technology (IT) environments. The company's products and services include applications and infrastructure offerings. The company's cloud and license business engages in the sale, marketing and delivery of its applications and infrastructure technologies through cloud and on-premise deployment models including its cloud services and license support offerings; and its cloud license and on-premise license offerings. The company's hardware business provides Oracle Engineered Systems, servers, storage, industry-specific hardware, operating systems, virtualization, management and other hardware-related software to support diverse IT environments.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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