During a conference call following completion of the acquisition, the company said the Retek name would remain because it is the premier brand name in the retail software space.
Oracle co-president Charles Phillips spoke to reassure the Retek customer base. He stressed that customers have everything to gain from the acquisition because along with the brand, the application portfolio will continue because there is no overlap between the Oracle and Retek product portfolios.
What will be different, according to Phillips, is that it plans to globalize them and put the full power of the Oracle name behind them.
