Bargain Hunting: Oracle, Symantec, Tata Go Shopping

October 8, 2008 at 9:17 am PT

When the going gets tough, the tough go shopping.

Or at least that’s why they do in the technology business.

In what seems like a fairly optimistic note in these gloomy times, some companies are taking advantage of reduced valuations to pick up strategic assets at prices that undoubtedly are a lot lower than they would have been even a few months earlier.

Oracle (ORCL), the king of the enterprise software shoppers, is buying Philadelphia-based Primavera Software, which providers portfolio project management software. No terms were disclosed. Investors in the company included Insight Venture Partners and Francisco Partners.

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Tagged with: Barrons, Citigroup, Eric Savitz, Francisco Partners, frontpage, Insight Venture Partners, MessageLabs, Oracle, Primavera Software, Symantec, Tata Consultancy, Tech Trader Daily

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