New Gartner’s(s it) research finds that Oracle has surpassed IBM(s ibm) as the second largest software vendor in the world in 2013 as measured by annual revenue. Last year, Oracle weighed in with $29.7 billion of total software revenue, up 3.4 percent from $28.7 million in 2012 IBM’s revenue grew as well, but more slowly: It was $29.1 billion in 2013, up 1.4 percent from $28.7 billion in 2012.
It’s safe to say acquisitions had something to do with Oracle’s growth. It’s been buying up SaaS companies in something of a frenzy over the past few years. Between 2012 and 2013 alone — after CEO Larry Ellison said Oracle was not pursuing big acquisitions anymore — it bought Eloqua (for $871 million in December 2012), Taleo ($1.9 billion, February 2012) and Responsys ($1.5 billion, December 2013), plus several other software companies.
To be fair, IBM has been buying up software expertise…
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