Bargain Hunting: Oracle, Symantec, Tata Go Shopping
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.