Oracle Corp., a technology giant that has gobbled up dozens of smaller vendors over the past few years, is approaching the financial services industry from both horizontal and vertical perspectives, says Don Russo, group VP of its financial services division.
Best known for its powerful databases--which compete with IBM Corp.'s DB2, Sybase and Microsoft Corp.'s SQL Server, among others--Redwood Shores, Calif.-based Oracle has used acquisitions to build up an extensive portfolio of applications aimed at financial firms. In June 2007, it rolled more than 300 products and 12,000 employees into a New York-based financial services unit that offers an integrated set of solutions.
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