Health is wealth

Generally speaking, a major acquisition could take months or years of planning and negotiation before it would push through. When it does, companies usually take a respite afterwards before going back to the merry-go-round of M&As. But there are some who prove to be the exception to the rule, and one good example of such exceptions is no other than Charles Phillips.

Charles Phillips was recently declared the CEO of Infor, who has made its intention clear of topping the IT enterprise software market in all sectors. As Infor’s CEO, Phillips would eventually have to butt heads against his old boss, Larry Ellison of Oracle. To make Infor as powerful as Oracle and other big players of the IT enterprise software market, Phillips would have to make key acquisitions happen for his new company – a challenge he no doubt relishes and would conquer. Proof of this can be easily seen in the 7 years he spent with Oracle, where he worked like a one-man machine, able to close at least one major acquisition deal each year. Even in his Vice-President days, Phillips was already able to give Oracle the upper hand in the acquisition table. His first major coup, however, was when Oracle took over PeopleSoft in 2005. This was a memorable event for the IT world because PeopleSoft and Oracle initially presented contradicting statements to the media. PeopleSoft had been the first one to make an announcement, assuring the public of its growth and stability by declaring its plans for purchasing J.D. Edwards. Phillips, however, countered this by saying PeopleSoft was its next purchase. In the end, PeopleSoft was absorbed by Oracle and IT had its newest hotshot executive in Phillips.

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