Oracle Aiming To Extend IP Comm Portfolio, Buying Border Control Tech Firm For $1.7B

Oracle-logoOracle has agreed to acquire session border control technology provider Acme Packet for nearly $1.7 billion in a move aimed at growing Oracle’s portfolio of Internet Protocol-enabled communications services and applications.

Acme Packet’s board of directors has approved the transaction and Oracle said it expects to close the deal in the first half of 2013, subject to an Acme Packet shareholder vote and regulatory approvals.

Acme Packet develops software for voice, data and unified communications services and applications across IP networks for more than 1,900 service providers and enterprises globally, Oracle said.

Oracle President Mark Hurd said the company is buying Acme Packet as part of its strategy to help change how service providers and enterprises conduct commerce, deliver healthcare and secure homes.

“The communications industry is undergoing a dramatic shift as users become more connected and dependent on mobile applications and devices,” said Bhaskar Gorti, Oracle senior vice president and general manager for communications.

Both companies said they are aiming to both accelerate enterprises’ migration to all-IP networks and enable communication across many networks from any device.

email
Filed in: Industry News Tags: , , , , ,

You might like:

NetApp Acquires Riverbed’s Cloud Backup Product Line; Jonathan Kissane Comments NetApp Acquires Riverbed’s Cloud Backup Product Line; Jonathan Kissane Comments
Verizon: Enterprise Cloud Spending Up 38% Over Previous Year Verizon: Enterprise Cloud Spending Up 38% Over Previous Year
Peggy Nelson: Northrop Employees Build ‘FabLab’ to Advance Aerospace Ideas Peggy Nelson: Northrop Employees Build ‘FabLab’ to Advance Aerospace Ideas
IBM’s Andy Maner: Pentagon Seeks ‘Implemented System’ for EHR Project IBM’s Andy Maner: Pentagon Seeks ‘Implemented System’ for EHR Project
© 2014 ExecutiveBiz. All rights reserved.