The FINANCIAL -- Siemens plans a focused expansion of its industry software portfolio and intends to make a voluntary public takeover offer to the shareholders of IBS Aktiengesellschaft excellence, collaboration, manufacturing to acquire all shares in IBS AG. IBS shareholders are to receive EUR 6.10 per share in cash.

The FINANCIAL -- Samsung Electronics America Inc., a subsidiary of Samsung Electronics Corporation, announced that reseller partner NWN Corporation, a national IT integrator formerly known as Western Blue, has been awarded the new printer contract by the State of California Department of General Services.

The FINANCIAL -- Chartis Research’s “Risk & Finance Integration 2011” report ranks Oracle as a market leader for integrated risk and finance management solutions based on solution completeness and market potential.

The FINANCIAL -- Oracle Financial Services will host a global Oracle FLEXCUBE Developers Conclave, March 12-15, 2012, at Oracle Financial Services Software Ltd. headquarters in Bangalore, India.

The FINANCIAL -- According to Oracle, to help insurers effectively achieve compliance with Solvency II requirements and realize greater financial performance through better management of their capital, Oracle today announced Oracle Insurance Applications for Risk and Solvency II Compliance as part of the Oracle Financial Services Analytical Applications suite of products.