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 »
Public Council Teleconference: Application Rationalization — Hidden Costs and Smart Decisions
November 17 at 11:00 am US/Eastern (GMT-5)
Join Honorio Padrón, of The Hackett Group, who will share the drivers for companies to tackle application rationalization and the results of research that define the hidden cost of complexity. Additionally, we will discuss key decision milestones—to start or not, holding the course steady and fulfilling expectations.
Virtual Desktop Cost-Benefit Analysis — Michael Jacobs, Catlin Group
The analysis contained in this presentation measures the cost of everything from the machines and licenses to the infrastructure for virtual vs. traditional desktop environments.
Honor your best senior team members - Apply for the CIO Ones to Watch Award
Get well-earned public recognition for your top up-and-coming team members, your IT organization and your enterprise. Award winners will be announced, publicized and feted in May 2010, great timing to help attract new IT recruits to your company.
Learn more about the CIO Executive Council »
Oracle: Kingdee Acquisition Report 'Speculation'
Oracle Thursday dismissed as speculation a report that it plans to acquire Kingdee International Software Group, a Chinese ERP software ...
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.
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