Oracle Acquires Bridgestream
Wednesday, August 22nd, 2007Although I can not find an official announcement, it would appear that Oracle are about to acquire Bridgestream according to this article from PEHUB. Its not really surprising or new as there have been rumours and speculation around for a number of months now.
What I do find surprising are some of the figures mentioned. According to PEHUB Oracle will be paying between $33 million and $36 million, the article reports that Bridgestreams revenue figures are $500k pa. As part of an MBA module I was taught that an acquistion figure around 12 times revenue is the norm, using this as a rough guide Bridgestream could be valued at around $6 million. Hats off to the Bridgestream guys for securing up to $36 million.
The announcement will have very little impact on the roles market place, although Bridgestream as an entity will be disappear there are a number of new entrants that will help keep things fresh and competitive.