Oracle is about to make the largest acquisition in its history for more than 26 billion euros (30 billion dollars). The target is medical data analytics specialist Cerner. This report business newspaper Wall Street Journal.
Negotiations for the purchase of Cerner are already at an advanced stage, according to sources from The Wallstreet Journal. The value of Cerner is estimated at about 20 billion euros (23 billion dollars). The bonus for the acquisition brings the total amount mentioned to more than 26 billion euros (30 billion dollars).
More presence in the medical sector
With the acquisition of Cerner, Oracle will soon gain a foothold in the medical sector. The company is a supplier of software that allows hospitals to store and analyze their medical files and related data.
Oracle is already quite active with its solutions for the healthcare market. For example, the various tools help insurers, healthcare providers and the public healthcare system with the use of data to improve efficiency and achieve better results for patients.
Part of catching up
According to analysts, this record acquisition should also help Oracle gain more market share in the public cloud. Especially when it comes to solutions in the field of storage and data analytics. According to the expert, Oracle has been slow to implement these kinds of services and is now lagging behind hyperscalers like AWS and Google in this area.
However, the analysts must note that Oracle is now eager to catch up. Especially by pursuing a more differentiated strategy in recent years, hard- and software can be integrated more, investing heavily in the latest cloud technology and implementing an equal end experience for all its applications.
