All the latest UK technology news, reviews and analysis


Oracle snaffles Acme Packet in $1.7bn deal

05 Feb 2013
Oracle OpenWorld 2012

Oracle has announced a deal to acquire networking firm Acme Packets in a $1.7bn stock buyout deal.

The company said that it would pay some $29.25 per share to acquire the company. Oracle said that it expects the deal to close by mid-2013.

Based out of Massachusetts, Acme Packet specialises in network management platforms to optimise speeds for unified communications and data traffic.

"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 Mark Hurd, Oracle president.

"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."

Oracle said that following the close of the deal it would be integrating Acme Packets into its Oracle Communications networking platform. The company hopes that the deal will allow it to offer an end-to-end networking brand for enterprise customers.

According to analysts, Acme Packet stands to gain from the deal at least as much as Oracle. Ovum analyst Dana Cooperson said that the firm will benefit from being part of a larger communications offering.

"Companies that specialise in either telecom or IT will need a strategy of how they will benefit from this blending of what were two largely separate domains," Cooperson said.

"Any vendor that wants to be a full-service partner to the telcos and other large communications and content providers will need such a blended strategy to be credible. Specialists will need to align with full-service partners."

  • Comment  
  • Tweet  
  • Google plus  
  • Facebook  
  • LinkedIn  
  • Stumble Upon  
Shaun Nichols
About

Shaun Nichols is the US correspondent for V3.co.uk. He has been with the company since 2006, originally joining as a news intern at the site's San Francisco offices.

More on Mergers
What do you think?
blog comments powered by Disqus
Poll

BYOD vs CYOD vs BYOC poll

Which approach is your firm taking to managing employees' mobile devices?
21%
13%
4%
21%
31%
10%

Popular Threads

Powered by Disqus
Sony Xperia Z2 Tablet powered by Android KitKat 4.4

Sony Xperia Z2 Tablet video

We take a look at the lightweight, waterproof tablet

Updating your subscription status Loading
Newsletters

Get the latest news (daily or weekly) direct to your inbox with V3 newsletters.

newsletter sign-up button
hpv33

Data protection: the key challenges

Deduplication is a foundational technology for efficient backup and recovery

rdc2

iPad makes its mark in the enterprise

The iPad can become a supercharged unified communications endpoint, allowing users to enhance their productivity

Litigation eDiscovery Analyst (DocuMatrix, Relativity, Introspect)

Litigation eDiscovery Analyst (DocuMatrix, Relativity...

C# .NET Developer (SQL, Algorithms, Data Algorithms, Artificial

C# .NET Developer (SQL, Algorithms, Data Algorithms...

Software Development Engineer

Develop: Customise: Configure. Maximise your technical...

Retail and Finance Application Developer and Support Analyst

MS Dynamics Nav: Retail and Finance Application Developer...
To send to more than one email address, simply separate each address with a comma.