Piper Jaffray analyst Andrew Nowinski reiterates an Overweight rating on SailPoint Technologies (SAIL) with a $25 price target after attending the company's user conference. The analyst left more convinced that SailPoint has the "best-in-class" identity governance solution in the market, and that it also has a "large and growing opportunity" to displace Oracle (ORCL). While SailPoint may have put too much focus on the mid-market in Q1, discussions at the conference with system integrators and resellers suggest the company continues to gain share in the overall enterprise market, Nowinski tells investors in a research note. As such, he believes the shares may have over-corrected following the "weak" Q1 results.

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Vertex (VERX) announced that it has been selected to join the Oracle Independent Software Vendor, ISV, Accelerator for SaaS Initiative. With expertise in Oracle (ORCL) Cloud Fusion Cloud Applications integrations, Vertex continues to leverage the power of contract and tax data to optimize customer operations and outcomes. "Building on our longstanding relationship with Oracle, we are thrilled to join the Oracle ISV Accelerator," said Bradd Wildstein, Vice President, Indirect Sales at Vertex, Inc. "Through this partnership, Vertex can now enhance our customers' finance and sales processes by integrating essential tax solutions into Oracle Fusion Applications. It's more than just data integration - it's about unifying disparate functions, streamlining operations, and amplifying benefits for our mutual customers."

Oracle Chairman Larry Ellison said the company is moving its world headquarters to Nashville, Tennessee, Ashley Capoot of CNBC reports. Ellison said Oracle is moving to a "huge campus" and it is closer to "the center of the industry we're most concerned about, which is the health-care industry." Reference Link