Oracle CEO: “Expect more acquisitions of Israeli startups”May. 10, 2016
“I definitely see more acquisitions of Israeli startups,” said Oracle CEO Safra Catz on Monday, in response to a question by “Globes” at the ERP launch event. In her opening remarks, she noted the company began investing more than a decade ago $63 billion in research and development and said ERP presented the opportunity for an innovation revolution.
At the press conference immediately afterwards, Catz said she does not usually speak to the press. “I’m never confident I’ll know how to handle an interview. I had a few exceptional cases, with the first interview being in Israel.”
She said, “I’m here at the launch because it is the right time. The clients know we can no longer do things in the old way. Oracle stands out because it has cloud services at every level, and at every level it has competitors but no one competes with Oracle at every level.”
Oracle recently bought Ravello Systems for half a billion dollars. Responding to a question by “Globes” over future investment in Israeli startups, Catz said: “I need to remember what we announced and what we haven’t. Sometimes I only remember the codename for a startup and not its real name. I definitely see more acquisitions of Israeli startups.”