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Table of Contents
ORACLE CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
May 31, 2007
Other Fiscal 2007 Acquisitions
A summary of our fiscal 2007 acquisitions and asset purchases other than the Hyperion and i-flex acquisitions
is as follows:
Cash Fair Value of Total Net Tangible IPR&D Intangible
(in millions) Consideration Options Assumed Consideration Assets Expense Assets Goodwill
Portal Software,
Inc. $ 215 $ 8 $ 223 $ 106 $ 20 $ 92 $ 5
Stellent, Inc. 425 18 443 77 17 182 167
MetaSolv, Inc. 218 9 227 43 4 91 89
Other 400 11 411 (93) 8 208 288
Total $ 1,258 $ 46 $ 1,304 $ 133 $ 49 $ 573 $ 549
Our acquisitions of Portal Software in July 2006 and MetaSolv in December 2006 were to expand our
application offerings to the telecommunications industry. Our acquisition of Stellent in December 2006 was
to further extend our enterprise content management product offerings. We have included the financial results
of the related acquired companies in our consolidated financial statements as of each acquisition date. The
preliminary purchase price for each of these acquisitions was based upon a preliminary valuation and our
estimates and assumptions are subject to change. The primary areas of the purchase price allocation that are
not yet finalized relate to identifiable intangible assets, certain legal matters, income and non-income based
taxes and residual goodwill.
In May 2007, we entered into an agreement to acquire Agile Software Corporation, a leading provider of
product lifecycle management software, for $8.10 per share in cash, or approximately $495 million. The
merger is subject to stockholder and regulatory approval and other customary closing conditions and is
expected to close in mid to late July 2007.
Fiscal 2006 Acquisitions
Siebel Systems, Inc.
On January 31, 2006, we completed our acquisition of Siebel pursuant to our Merger Agreement dated
September 12, 2005. We acquired Siebel to expand our presence in the customer relationship management
(CRM) applications software market.
The total purchase price for Siebel was $6.1 billion which consisted of $4,073 million in cash paid to acquire
the outstanding common stock of Siebel, $1,763 million for the value of our common stock issued in
exchange for Siebel outstanding common stock, $245 million for the fair value of Siebel options assumed and
restricted stock awards exchanged and $50 million for transaction costs. In allocating the purchase price based
on estimated fair values, we recorded approximately $2,451 million in goodwill, $1,564 million of
identifiable intangible assets, $2,052 million of net tangible assets and $64 million of IPR&D expense.
Other Fiscal 2006 Acquisitions
During fiscal 2006, we acquired several software companies and purchased certain technology and
development organizations for approximately $682 million, including transaction costs, which included cash
paid of $648 million and the fair value of options assumed of $34 million. We recorded approximately
$469 million of goodwill, $173 million of identifiable intangible assets, $14 million of IPR&D expense and
$26 million of net tangible assets in connection with these acquisitions during fiscal 2006. We have included
the effects of these transactions in our results of operations prospectively from the respective dates of the
acquisitions.
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Source: ORACLE CORP, 10-K, June 29, 2007 Powered by Morningstar® Document Research℠