Another Twin Cities tech company is acquired by one of the big boys. Last year Oracle acquired Retek and this time around it gets Stellent for $440 million.
The good news is that the local workers jobs seem safe for now. They are getting a very talented team and this certainly sets up Oracle to be a leader in content management software. I can imagine what the folks at Stellent are thinking knowing they have access to a massive R&D budget.
Local coverage:
Oracle to pay $440 million for Stellent
National coverage:
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