BlindLoop

5 Biggest Technology Company Acquisitions

January 19, 2010 Corporate

August 26, 2008 Electronic Data Systems acquired by HP worth $13.9 billion

The biggest financial acquisition in the history of Information Technology took place when HP acquired Electronic Data System (EDS). The acquisition took place on August 26, 2008. After the merge, the company is renamed and called as HP Enterprise Services

July 2, 2005 Veritas Software acquired by Symantec worth $13,520,000,000

The company was formed in 1983 under the banner of Tolerant Systems and was renamed as Veritas Software in 1989. The company had over 7,000 employees all over the world. On July 2, 2005 Symantec paid 13.52 billion dollars to Veritas Software to merge under its banner.
January 2005 PeopleSoft acquired by oracle worth $10.3 billions

PeopleSoft was founded by David Duffield and Ken Morris in 1987. It’s main purpose was to provide human resource management systems (HRMS) and customer relationship management (CRM) software. Oracle stepped up to buy PeopleSoft; after couple of failed attempts, the merger took place on January 2005

October 25, 2005 Acorn Packet Solutions, acquired by Time Division Multiplexing (Juniper_Networks) worth US$8.7 billion

The fourth biggest financial acquisition was made on October, 25, 2005 when Acorn Packet Solutions was acquired by Juniper Network. Juniper Networks is famous all around the world for computer networking products

January 2008 BEA Systems acquired by oracle worth $8.5 billion
After PeopleSoft merged with Oracle, the next target was BEA Systems. The company was well known for computer software that connects software components or applications with database. Oracle, the database giant stepped up to merge BEA Systems with itself.

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