Oracle buys Acme Packet for $1.7 billionStaff writer ▼ |
The combination of Oracle and Acme Packet is expected to accelerate the migration to all-IP networks by enabling secure and reliable communications from any device, across any network. Oracle Communications with Acme Packet can help service providers and enterprises deliver an end-to-end portfolio of technologies that will support the deployment, innovation and monetization of all-IP networks.
"The communications industry is undergoing a dramatic shift as users become more connected and dependent on mobile applications and devices. 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," said Bhaskar Gorti, senior vice president and general manager at Oracle Communications.
The Board of Directors of Acme Packet has unanimously approved the transaction. The transaction is expected to close in the first half of 2013, subject to Acme Packet stockholder approval, certain regulatory approvals and other customary closing conditions.
"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 consistent experience across all services, devices and networks," said Andy Ory, chief executive officer of Acme Packet. ■