Thomson ReutersDecember 20, 2013 10:01
By Aurindom Mukherjee
(Reuters) - Oracle Corp, the world's No. 2 business software maker, said it would buy web-based marketing software maker Responsys Inc for about $1.39 billion to bolster its cloud computing offerings.
Oracle, led by billionaire Larry Ellison, has been focusing on cloud software to fend off competition from nimbler rivals such as Salesforce.com and Workday Inc, which offer web-based products at prices that often undercut Oracle.