Oracle to Acquire Acme Packet in $1.7 Billion Deal

by Rich Scherr 0

Oracle, the database technology giant, said on Monday it will acquire Acme Packet in an all-cash deal worth $1.7 billion. The acquisition is expected to close by mid-year.

Oracle, the database technology giant, said on Monday it will acquire Acme Packet in an all-cash deal worth $1.7 billion. The acquisition is expected to close by mid-year. Acme is a developer of session border control technology used by nearly 1,900 service providers and enterprises in the delivery of voice, data and unified communications services and apps across IP networks. Mark Hurd, the president of Oracle, said his company will allow clients to “change the way we interact, conduct commerce, deliver healthcare, secure our homes and much more.” Read more.

Photo by Flickr user Peter Kaminski, used under Creative Commons license

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