Oracle Co-Ceo Mark Hurd On Amazon, Microsoft, Google And Things Steve Jobs Told Him
On Oracle's acquisition strategy and its view of the startup landscape:
We're serial acquirers. We spend over $5 billion on R&D. But we buy in a lot of innovation. So we're constantly looking.
It's interesting. In the cloud market, if you look through all companies participating today, and you talk M&A, if you start to look at specific companies, there aren't many out there to go acquire who are really born-in-the-cloud and have any level of scale, even at the $20, $30, $40 million mark, which isn't obviously big-scale company. You don’t have that many today.
If you thought about just the companies in the applications market, the SaaS market, that crossed a billion dollars, I mean a year ago there were only four of them. There was Salesforce, Workday, ServiceNow and NetSuite, and one of them [NetSuite] is gone. They've gone to us.