Oracle beefs up networking with $1.7 bn Acme acquisitionAuthor : Deepa February 5, 2013 0
BANGALORE, INDIA: Oracle announced that it will acquire Acme Packet, a provider of session border control technology, for $1.7 billion. The transaction is expected to close in the first half of 2013.
Acme Packet enables delivery of next-generation voice, data and unified communications services and applications across IP networks. The company’s solutions are deployed by over 1,900 service providers and enterprises globally, including 89 of the world’s top 100 communications companies, says a release.
“The proposed acquisition of Acme Packet is another important piece in Oracle’s overall strategy to deliver integrated best-in-class products that address critical customer requirements in key industries,” said Oracle president Mark Hurd. “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.”
The combination of Oracle and Acme Packet is expected to accelerate the migration to all-IP networks by enabling communications from any device, across any network, adds the release.
“Acme Packet brings deep domain expertise and proven, mission-critical solutions to enable all-IP networks,” said Andy Ory, chief executive officer, Acme Packet. “Together with Oracle, we expect 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.”