iOS 8 is here and while Apple added a ton of stuff , some of the best additions are Share Sheets, Safari Extensions, photo editing extensions, and widgets. Finally, we can now customize iOS just a little bit more. Here are some of the best we've seen so far.
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Shares of Oracle were down as much as 3% in after hours trade on Thursday after the company announced the CEO Larry Ellison would be stepping down.
Ellison will be taking a role as executive chairman and CTO.
Oracle also announced that both Safra Catz and Mark Hurd will serve as CEO of the company.
The company also reported earnings and revenue that missed expectations.
Oracle reported earnings per share of $0.62 against expectations for $0.64, according to data from Thomson Reuters. Revenue in the quarter also came in light at $8.6 billion against expectations for $8.78 billion.
Here's the full release from Oracle regarding its executive moves.
REDWOOD SHORES, CA -- (Marketwired) -- 09/18/14 -- The Oracle (NYSE: ORCL) Board of Directors today announced that it has elected Larry Ellison to the position of Executive Chairman of Oracle's Board and appointed him the company's Chief Technology Officer. Jeff Henley, who has served as Oracle's Chairman for the last 10 years, was appointed Oracle's Vice Chairman of the Board.
The Oracle Board also promoted both Safra Catz and Mark Hurd to the position of CEO, Oracle Corporation. All manufacturing, finance, and legal functions will continue to report to Oracle CEO, Safra Catz. All sales, service and vertical industry global business units will continue to report to Oracle CEO, Mark Hurd. All software and hardware engineering functions will continue to report to Oracle Chairman and CTO, Larry Ellison.
"Safra and Mark will now report to the Oracle Board rather than to me," said Larry Ellison. "All the other reporting relationships will remain unchanged. The three of us have been working well together for the last several years, and we plan to continue working together for the foreseeable future. Keeping this management team in place has always been a top priority of mine."
"Larry has made it very clear that he wants to keep working full time and focus his energy on product engineering, technology development and strategy," said the Oracle Board's Presiding Director, Dr. Michael Boskin. "Safra and Mark are exceptional executives who have repeatedly demonstrated their ability to lead, manage and grow the company. The Directors are thrilled that the best senior executive team in the industry will continue to move the company forward into a bright future."
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German software giant SAP just acquired Concur Technologies, a travel and expense software provider, at a deal worth roughly $8.3 billion. SAP agreed to pay $129 per share, a 20% premium over Wednesday's closing price.
Concur's software helps the enterprise simplify its travel expense management. It has over 23,000 clients and 25 million active users across 150 countries, and is generally considered one of the largest companies in a sector called travel and expense (T&E) management software. In 2013, Concur had $545.8 million in sales for a net loss of $24.3 million.
“The combination of Concur and SAP will bring together the leading cloud-based Travel and Expense platform with the market-leading enterprise application software company, and we expect this union to drive significant value for our customers,” Concur CEO and Chairman Steve Singh wrote on the company blog.
Following today's deal, SAP said it will have more than 50 million users in the cloud, which is more than any other enterprise cloud company. By measure of revenue, it will become the second-largest cloud company, it said.
Concur shares went up nearly 20% after hours, trading at $128.90 per share. SAP shares went up by $0.83, or just a little over 1%.
Here's the full press release:
WALLDORF, Germany and BELLEVUE, Washington – SAP SE (NYSE: SAP) and Concur Technologies, Inc. (NSDQ: CNQR) today announced that SAP's subsidiary, SAP America, Inc., has entered into an agreement to acquire Concur. With more than 23,000 customers, 4,200 employees and 25 million active users in over 150 countries, Concur is the leader in the multi-billion market for travel and expense (T&E) management software. With Concur, SAP's business network – the world's largest – will transact more than US$600 billion annually, deliver frictionless commerce across more than 25 different industries and address annual corporate travel spend of US$1.2 trillion worldwide.
The Concur board of directors has unanimously approved the transaction, which is expected to close in the fourth quarter 2014 or the first quarter 2015, subject to Concur stockholder approval, clearances by the relevant regulatory authorities and other customary closing conditions. The per-share purchase price of US$129 represents a 20% premium over the September 17 closing price, a 21% premium over the one month volume weighted average price per share and an enterprise value of approximately US$8.3 billion. The transaction will be funded from a credit facility agreement of up to -- For more information read the original article here.
Last night, Apple head honcho Tim Cook announced that iOS 8 will encrypt all your personal data by default , making it harder for the NSA to root through your stuff. Now, in a totally coincidentally timed move, Google's announced that Android L will do the same.
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