Oracle ponders acquisition of Accenture?
The online publication cites sources who claim a team of consultants is conducting due diligence to “explore the synergies that could be created if Oracle bought Accenture lock, stock and barrel”.
A source is quoted by The Register saying, “while these things have a habit of fizzling out there are some fairly serious players around the table”.
However, it is understood the process is at a very early stage at present.
Oracle and Accenture have been working together for many years, and have a number of strategic partnerships in place, including that of jointly helping companies move from legacy tech to the cloud.
Accenture currently has a market cap of $78.4 billion, and if Oracle were indeed to take over Accenture, it would be its largest purchase.
Oracle spent $10.3 billion on PeopleSoft (2004), $909 million on i-Flex Solutions (2005), $7.4 billion on Sun Microsystems (2009) and $9.3 billion on NetSuite (2016). Plus there has been a myriad of smaller acquisitions over the years.
The Register says Oracle declined to provide a comment, while “Accenture was not aware of the exercise being run… at least not until now”.