View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
April 12, 2005

Oracle wraps up Retek

Oracle wasted no time in completing its purchase of retail software market Retek saying it now controls enough Retek shares (94%) to immediately seal the $670m deal.

By CBR Staff Writer

Oracle is setting up a separate Retail Global Business Unit which will market Retek’s retail solutions alongside its business applications Suite, 10g database and application server, and collaboration server products.

Both Oracle and Retek have enjoyed a close partnership since Retek was founded in 1986. Retek says around 80% of its retail application customers run on the Oracle database.

Its not yet clear if Oracle plans to support Retek on broader database and application server platforms in the long-term.

Oracle first tabled its bid for Minneapolis, Minnesota-based Retek in March and won a bidding war that ensued with German business applications rival SAP.

Content from our partners
Powering AI’s potential: turning promise into reality
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.