eServGlobal chief executive Richard Mathews is sitting on a $114 million cash war chest thanks to Oracle boss Larry Ellison , but that doesn’t mean he’s in a hurry to spend it.

It’s been less than three months since he secured an eye-popping deal that jettisoned one of eServ’s most challenged divisions for $30 million more than the company’s then $84 million total market capitalisation. But Mr Mathews said yesterday that he was yet to find anything compelling enough to buy into as the company weighs up its options.