It’s been a stormy nine months for Oracle as its Sun acquisition brought new-found fame and many inquisitive eyes. When it was announced there was element of surprise, according to Bobbie Johnson, The Guardian. The roller coaster journey steered Oracle into the palm of the EU with many questions being asked as to whether this may ruin the software industry.
However, yesterday, near the end of play, we were informed that EU competition commissioner Neelie Kroes approved the buy-out: “I am now satisfied that competition and innovation will be preserved on all the markets concerned,” she said in a statement. “Oracle’s acquisition of Sun has the potential to revitalise important assets and create new and innovative products.”
There have been questions asked over the future of open source products with fear in parts of the IT industry that this will hamper innovation. However, maybe this is where the acquisition of $7.4bn Sun gets interesting. Oracle still need China and Russia to give its approval, and as Timothy Prickett Morgan, The Register explains – it’s the integration of the software and hardware that needs to begin and this brings its own challenges and difficult decisions.
It is also expected that with this merger, the industry could be flooded with Sun specialists looking for work. Brent Thill, an analyst for UBS, has predicted that half of Sun’s workforce will be cut, that’s near 13,000 employees.
Maximising the potential from Oracle applications will now present interesting opportunities.