© 2015 The Texas Lawbook.
By Natalie Posgate
(May 3) – Redwood Shores, Calif.-based Oracle has agreed to buy two cloud services businesses for a total of $1.2 billion.
Dallas corporate partner Jim Griffin of Weil, Gotshal & Manges is co-leading both of Oracle’s acquisitions with Silicon Valley partner Keith Flaum.
The first acquisition is of Arlington, Virginia-based Opower, the leading provider of customer engagement and energy efficiency cloud services to utilities, which Oracle has agreed to purchase for $532 million.
Other attorneys from Weil’s Silicon Valley and New York offices assisted on corporate, tax and executive compensation and benefits matters.
The other acquisition, worth $663 million, is of Textura, a Deerfield, Illinois-based leading provider of construction contracts and payment management cloud services.
The Weil team for the Textura acquisition also included Silicon Valley and New York-based attorneys on corporate, tax and executive compensation and benefits matters.
Both acquisitions are expected to close this year.
In 2014, both Griffin and Flaum worked on Oracle’s $5.3 billion acquisition of MICROS Systems, a provider of integrated software and hardware solutions to the hospitality and retail industries.
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