Add-on Acquisition • Software

Oracle Acquires Next Technik

On October 17, 2023, Oracle acquired software company Next Technik

Acquisition Context
  • This is Oracle’s 73rd transaction in the Software sector.
  • This is Oracle’s 4th transaction in Australia.

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M&A Deal Summary

Date October 17, 2023
Target Next Technik
Sector Software
Buyer(s) Oracle
Deal Type Add-on Acquisition

Target Company

Next Technik

Burwood, Australia
Next Technik provides field service management capabilities for NetSuite customers, which enable businesses to digitize and streamline scheduling and dispatch. It also allows customers to manage inventory and assets for increased productivity and customer satisfaction. Next Technik was founded in 2018 and is based in Burwood, Australia.
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Buyer Overview 1

Buyer

Oracle

Austin, Texas, United States

Category Company
Founded 1977
Sector Software
Employees159,000
Revenue 53.0B USD (2024)
DESCRIPTION
Oracle's headquarters in Austin, Texas.
Oracle's headquarters in Austin, Texas.

Oracle provides products and services that address corporate information technology (IT) environments including applications, platforms, and infrastructure. Its products and services are available to customers via cloud computing or on-premises deployment models. Products include database and middleware software, application software, cloud infrastructure software and hardware systems (Oracle Engineered Systems, servers, storage, networking and industry specific products), along with support and related services. Oracle was formed in 1977 and is based in Austin, Texas.


Deal Context for Buyer #
Overall 132 of 132
Sector: Software 73 of 73
Type: Add-on Acquisition 124 of 124
Country: Australia 4 of 4
Year: 2023 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-21 Federos

Frisco, Texas, United States

Federos is a provider of carrier-grade, digital service assurance solutions to communications companies, managed service providers, and enterprises. Federos was founded in 2005 and is based in Frisco, Texas.

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