Offering regional and national programs, CIO (and CSO) events bring together some of the most respected names and thought leaders in information technology and security. Presented by CIOs and other senior level executives, these invitation-only programs offer timely topics and strong networking. Learn More »
Social Responsibility's Strategic Benefits
December 15, 11:30 AM - 12:30 PM US/Eastern (GMT-5)
Join Ed Granger-Happ, CIO of Save the Children, for a discussion of how creating an organization that is socially responsible improves staffing, retention, leadership development and overall corporate health.
Working With and Communicating to Your Board of Directors
January 13, 2009, 4:00 PM - 5:00 PM US/Eastern (GMT-5)
CIO panelists who will share tips and experiences working with their boards: Twila Day of SYSCO; Jeff O'Hare, West Corp.; Marc West, formerly with H&R Block.
IT's Role in Growing Mid-Market Companies
January 14, 4:00 PM - 5:00 PM ET (GMT-5)
Mid-market Council members will share their companies' stories and challenges in driving or coping with growth. Panelists represent Veterinary Pet Insurance, Medicis Pharmaceutical, and Intrax Cultural Exchange.
Learn more about the CIO Executive Council »
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August 10, 2006 — CIO —
Oracle Thursday dismissed as speculation a report that it plans to acquire Kingdee International Software Group, a Chinese ERP software maker.
On Wednesday, Chinese website Sohu.com reported Oracle was in talks to acquire Kingdee for US$150 million. The deal, including a cash component of $80 million as well as stock, will likely be finalized later this year, the report said, without disclosing its sources.
"It’s just speculation," said Chi Cho Hea, a spokeswoman for Oracle Asia-Pacific in Singapore.
Kingdee, which is headquartered in Shenzhen, China, reported a profit of 72.3 million renminbi (US$8.9 million as of Dec. 31, 2005, the last day of the period being reported) on revenue of 529.3 million renminbi during 2005.
The company is one of the top software vendors in China, where it is particularly strong among small and medium-sized businesses, market analyst IDC said. But the company faces tough competition from foreign vendors at the high end of the market.
"Kingdee is facing keen competition from international brands such SAP and Oracle, which have product lines that are more complete. It needs to recruit more technical talents to cope with its product development needs," IDC said in a December 2005 report on the company.
-Sumner Lemon, IDG News Service (Beijing Bureau)
Check out our CIO News Alerts and Tech Informer pages for more updated news coverage.
© 2008 CXO Media Inc.
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Just the basics, please. Sometimes we all need a refresher or we need to make sure our team and our colleagues are all on the same page.
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