Oracle has struck a deal to acquire Acme Packet, a network equipment maker, for US$29.25 per share or about US$1.7bn, net of Acme Packet’s cash.
Acme Packet enables the delivery of next-generation voice, data and unified communications services and applications across IP networks.
Oracle is develops and markets computer hardware systems and enterprise software products, and its acquisition of Acme Packet is expected to accelerate the migration to all-IP networks by enabling secure and reliable communications from any device, across any network.
“The addition of Acme Packet to Oracle’s leading communications portfolio will enable service providers and enterprises to deliver innovative solutions that will change the way we interact, conduct commerce, deliver healthcare, secure our homes, and much more,” said Oracle president Mark Hurd.
Andy Ory, CEO of Acme Packet, said together with Oracle, the company expects to provide customers with purpose-built, innovative solutions to accelerate the deployment of all-IP networks and help deliver a consistent experience across all services, devices and networks.
The acquisition is expected to close by summer.