Posts Tagged ‘Ellison’
DoJ questions Oracle’s Phase Forward buy
Phase Forward, the top maker of programs that help drugmakers run clinical trials, said in a regulatory filing on Friday the U.S. Department of Justice asked for additional information as it reviews the acquisition to see it hurts competition in the software market.
Oracle spokeswoman Deborah Hellinger declined to comment on the government’s request. Officials with Phase Forward could not immediately be reached to elaborate on the disclosure, which was made in an 8-K filing with the Securities and Exchange Commission.
Had the government not made the request, it would have been obliged to approve the deal within 30 days of Oracle and Phase Forward’s first filing for anti-trust approval. The companies have not said when they filed.
Buying Phase Forward would help billionaire Larry Ellison’s Oracle expand its portfolio of programs that help drugmakers boost the efficiency at a time when they are anxious to slash costs.
Drug companies are looking to offset revenue declines, as many profitable brand-name drugs will soon face competition from low-cost generics.
Phase Forward is the top producer of programs for managing clinical trials, ahead of Medidata Solutions Inc (MDSO.O) and Oracle.
Healthcare is one of several key areas where Oracle has focused on building a portfolio of software specific to an industry’s needs.
Oracle’s Fusion suite of business applications will go on sale in 2010, chief executive Larry Ellison confirmed in his final keynote at Oracle OpenWorld 2009 today.
The Fusion suite will tie together the most important product portfolios Oracle has acquired in recent years, and make them available via the cloud or on premise.
The products will be given updates, and new applications are on the way, Ellison explained at the customer and partner event.
“The Fusion applications will contain replacement applications, and then brand new applications that you might want to add to products such as the Oracle E-Business Suite or PeopleSoft, ” he said.
Ellison added that Fusion will co-exist with Oracle’s current applications, so customers would not feel pressured to upgrade.
“We will make it easy for Fusion applications to be easily integrated with applications such as E-Business suite, JD Edwards, PeopleSoft and Siebel, and continue to make large investments in our existing applications,” he said.
“We know that not all customers will replace their current applications with Fusion, and that most are likely to augment.
“We’re a pretty big software company, so we can afford to build the next generation of applications as well as maintain the old ones. So, as a customer, you can move if you want to, when you want to.”
Ellison explained that the first version of Fusion will not contain the same functionality as software such as E-Business suite, but that more will be added over time.
Applications ready for 2010 include: financial management, human capital management, sales and marketing, supply chain management, project portfolio management and procurement. A business intelligence (BI) add-on will also be available, although Ellison said that BI is to be at the heart of all Fusion applications.
“The user interface is BI driven. In fact you can’t use the interface without BI,” he said.
Ellison also said that, when providing Fusion applications via the cloud, the company will monitor the service levels it commits to with customers.
“We have built this monitoring into enterprise support to prove that we will deliver the service levels we have committed to,” he concluded.
