Oracle to acquire Stellent ECM and systems house SPL

Price for the former was $440 million cash against annual revenues of around £130 million; terms for the SPL acquisition were, however, not disclosed. Stellent will augment Oracle’s existing Content Database portfolio, which manages unstructured content in Oracle databases. Stellent’s functionality means the organisation will cover management of documents, web content, information rights, digital assets, records and retention, imaging and governance, risk and compliance. Stellent’s Universal Content Management is known for its ability to help users deploy multiple line-of-business applications – such as web sites, secure intranets and extranets, compliance processes, and marketing brand management. “The amount of electronic content is growing very rapidly, and organisations are seeking advanced and automated content and process management solutions to manage this information to meet regulatory requirements,” says Thomas Kurian, senior vice president, Oracle Corp. “Stellent’s enterprise content management solutions enable a variety of people within an organisation to create, capture, store, manage, publish, view, search and archive all types of documents across their entire lifecycle.” Meanwhile, the SPL purchase strengthens Oracle’s applications and professional services arm particularly in the utilities sector, where SPL provides software to manage revenue and operations optimisation. SPL has solutions focused on mobile workforce management, outage and distribution management, and asset management. “With the addition of SPL, Oracle plans to delivers the first end-to-end packaged revenue and operations management solution for investor-owned and public sector utilities,” says Charles Phillips, Oracle president.