Oracle's Acquisitions Could Support Long-Term Growth In Application Software

These large cap software companies have been late entrants into the extremely competitive on-demand software market, and the growth in pure-play SaaS players has been pressuring their results. In order to respond to increasing SaaS competition, large cap companies such as Oracle and SAP have been aggressively acquiring companies to catch up with their cloud-based competitors such as Salesforce and Workday.