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Posts Tagged ‘oracle’

Ellison Brings Hurd Into Oracle

Tuesday, September 7th, 2010

Enterprise software giant Oracle Corp.on Tuesday announced it has hired former Hewlett-Packard CEO Mark Hurd as a co-president.
Hurd, who was fired from HP last month amid a sexual harassment scandal, was also named to Oracle’s board of directors. The company also announced that Charles Phillips, a co-president and a board member, has resigned from Oracle.

Oracle CEO Larry Ellison said in a statement that “Mark did a brilliant job at H-P and I expect he’ll do even better at Oracle.”

Oracle shares rose $1.72, or +7.5%, in premarket trading Tuesday.

Source

Oracle buys maker of 3D retail software

Wednesday, October 1st, 2008

Oracle is adding to its retail software lineup by acquiring Advanced Visual Technology, a maker of 3D space planning software for retailers.

AVT, based in Hertfordshire, England, sells a product called Retail Focus, which lets retailers plan store floors and shelf space. An add-on product, called Retail Focus Merchandiser, gives retail planners a three-dimensional view of retail space that they can “walk” through virtually.

No terms were disclosed. Oracle said the transaction is expected to close in the second half of 2008.

Oracle plans to add AVT’s employees and management to its Retail Global business unit. AVT’s products will be combined with Oracle Retail’s application suite. The company said it expects the combination will help retailers to increase their profits through better space allocation and monitoring of sales.

Source: CNET