Oracle Woos, SAP Waits For Retek

Friday Mar 11th 2005 by Staff

The two largest ERP software companies try to outbid each other in fight for retail software provider.


The heat is on for software provider Retek (Quote, Chart) to make a decision about the future of its business.

The Minnesota-based company is in the unlikely position of having the top two ERP market leaders SAP (Quote, Chart) and Oracle (Quote, Chart) fawn over its $174 million in annual revenue and products that serve the retail industry. SAP's initial $496 million offer in February was accepted by Retek but quickly countered by Oracle's $525 million bid this week.

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