Monday 24th December, 2012

Oracle has agreed to acquire Eloqua, Inc. a leading provider of cloud-based marketing automation and revenue performance management software for approximately $871 million. Eloqua’s modern marketing cloud delivers best-in-class capabilities to ensure every component of marketing works harder and more efficiently to drive revenue.

The combination of Oracle and Eloqua is expected to create a comprehensive Customer Experience Cloud offering to help companies transform the way they market, sell, support and serve their customers. Eloqua Board of Directors has approved the transaction and it is expected to close in the first half of 2013.

Thomas Kurian, Executive Vice President, Oracle Development said: “Modern marketing practices are driving revenue growth and is a critical area of investment for companies today”

He added: “Eloqua’s leading marketing automation cloud will become the centerpiece of the Oracle Marketing Cloud and is an important addition to the Oracle Customer Experience offering, which includes the Oracle Sales Cloud, Oracle Commerce Cloud, Oracle Service Cloud, Oracle Content Cloud and Oracle Social Cloud.”

“Exceptional customer experience starts with knowing your customer’s preferences and delivering a highly personalized buying experience,” said Joe Payne, Chairman and CEO, Eloqua. “Together with Oracle, we expect to accelerate the pace of the modern marketing revolution and help our customers transform the way they market, sell, support and serve their customers.”