Oracle To Buy Acme Packet
Oracle has entered into an agreement to acquire Acme Packet, a session delivery network solutions company, for $29.25 per share in cash in a deal worth $2.1 billion.
Oracle President Mark Hurd had this to say about the deal: “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. 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.”
Acme Packet CEO Andy Ory said, “Acme Packet brings deep domain expertise and proven, mission-critical solutions to enable all- IP networks. 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 superior experience across services, devices and networks.”
“The communications industry is undergoing a dramatic shift as users become more connected and dependent on mobile applications and devices. Service providers and enterprises need a comprehensive communications solution that will enable them to more effectively engage with their customers,” said Bhaskar Gorti, SVP and GM, Oracle Communications. “This combination will enable secure and reliable delivery of real-time interactive communications through the most comprehensive, best-in-class communications portfolio in the industry.”
The deal is expected to close in the first half of the year, subject to Acme Packet shareholder approval. The company’s board has unanimously approved it.
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