Douglas Kehring has served as the head of Oracle’s Corporate Development & Strategic Planning Group since February 2005. The Group provides advisory, execution and integration management services to Oracle on mergers and acquisitions, source code and object code licensing, strategic investments, joint ventures and other related transactions.
Since the beginning of fiscal 2005, Oracle has announced or completed over 80 acquisitions valued at approximately $50 billion. The most significant transactions include the acquisitions of Sun Microsystems, PeopleSoft, BEA Systems, Siebel Systems, Hyperion Solutions, RightNow, Taleo, Retek, Art Technology Group, Phase Forward and Agile Software. Today, more than one out of every two Oracle employees has come through an acquisition.
The success of the acquisitions and their related integrations has been instrumental in Oracle doubling revenue from $10.2 billion in fiscal 2004 to $37.2 billion in fiscal 2012. Oracle’s non-GAAP operating margin also increased from 39% to 46% over this time period, reflecting the ability to improve margins by realizing tremendous acquisition synergies.
In 2011, Oracle was named Most Admired Corporate Dealmaker in Information Technology by The Deal LLC, an award that recognizes the company having the most effective global acquisition and divestiture strategy among its peers for the past three years.
From March 2002 to February 2005, Mr. Kehring ran the Strategic M&A Group within Oracle Corporate Development. From April 2000 to February 2002, he served as one of the principals in the Oracle Venture Fund, a $500 million fund created to invest and support innovative companies that develop or support products and services based on Oracle technologies. Prior to joining Oracle, Mr. Kehring was a technology investment banker at the firms of Donaldson, Lufkin & Jenrette and Dain Rauscher Wessels.