Oracle to acquire network virtualisation technology provider Xsigo Systems
Software maker Oracle has stuck an agreement to acquire network virtualisation technology provider Xsigo Systems for an undisclosed sum.
Xsigo Systems’ technology aims to simplify cloud infrastructure and operations by allowing customers to connect any server to any network and storage with ease and while cutting cost.
The combination of Oracle's software, server, storage and network product portfolio with Xsigo's software-defined networking products is expected to deliver a complete set of virtualisation capabilities for cloud environments.
"The proliferation of virtualised servers in the last few years has made the virtualisation of the supporting network connections essential," said John Fowler, Oracle executive vice-president of Systems.
"With Xsigo, customers can reduce the complexity and simplify management of their clouds by delivering compute, storage and network resources that can be dynamically reallocated on-demand."
Lloyd Carney, CEO of Xsigo, said customers are focused on reducing costs and improving utilisation of their network.
"Virtualisation of these resources allows customers to scale compute and storage for their public and private clouds while matching network capacity as demand dictates," Carney said.
The transaction is subject to customary closing conditions and approvals and is expected to close in the fall of 2012. Until the transaction closes, Oracle and Xsigo will continue to operate independently.