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by Jeff Moad, MA Editorial Staff Posted on Wednesday, May 16, 2007 5:15:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Ending long-standing buzz about its strategic plans for the product lifecycle management space, Oracle acquires Agile for $495 million and readies itself to take on SAP and others in the PLM market. |
| Keywords: | Oracle PLM, Agile, PLM acquisition, product lifecycle management, Oracle shopping spree, SAP, Dassault, PTC, UGS, |
Oracle Corp.'s planned $495 million acquisition of Agile Corp., announced yesterday, signals the software giant's renewed interest in the product lifecycle management (PLM) market as a strategic opportunity, as well as a willingness to challenge archrival SAP AG in some of that company's core manufacturing vertical industries, experts said. Oracle said it will pay $8.10 for each share of Agile. The proposed acquisition, subject to regulatory and shareholder approval, is expected to close in mid- to late July, Oracle said. "We consider [Agile] to be a leading provider of PLM management solutions with very deep industry and domain experience, plus a strong, referenceable set of customers," said Jon Chorley, Oracle's vice president for supply chain execution and product lifecycle management strategy, in an interview with Managing Automation. Chorley estimated that about half of Agile's 1,250 PLM customers use Oracle applications. [Click to continue] |
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