"Oracle's acquisition of Stellent will be a positive milestone for all of our stakeholders - shareholders, employees, customers and partners," he said. "Our leading product suite will have the dedicated resources and broad distribution network of the largest enterprise software company in the world, which will elevate our award winning solutions to new levels within the enterprise content management industry." Meanwhile, Oracle's purchase of SPL WorldGroup will expand the company's reach to companies looking for utilities and tax management solutions.
Oracle President Charles Phillips said in a company statement that the purchase brings publicly-owned utilities into his company's customer base.
"With the addition of SPL, Oracle plans to deliver the first end-to-end packaged revenue and operations management solution for investor-owned and public sector utilities," he said.
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