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      "text": "We believe the strategic rationale for a Napa acquisition justifies further exploration of a possible transaction",
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      "text": "Database, middleware and application software are key products / markets for Orlando\nCloud services continue to emerge as alternatives to traditional on-premise offerings\nTransitioning these services to the cloud is a critical strategic imperative for Orlando, and while it has the cloud middleware and database capabilities to do so, [***]\n[***]:\n- [***]\n- [***]\n- [***]\n- [***]\n- [***]\n- [***]\nNapa is a leading Cloud ERP provider [***]\nCompetitors are likely to look to strengthen their Cloud ERP positions, making timing a key consideration",
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