Oracle acquires network equipment manufacturer Acme Packet for $ 1.9 billion

According to Reuters, Oracle announced that it will acquire Acme Packet, a network equipment manufacturer, for $ 29.25 per share and total cash of approximately $ 1.9 billion. The merger of Oracle and Acme Packet is expected to accelerate the transition to an all-IP network, enabling safe and reliable communication between any network and any device. Users are getting closer and closer and want to use applications, devices and optional networks to communicate anytime, anywhere. Together with Acme Packet, Oracle can help service providers and enterprises meet these demanding requirements, provide an end-to-end technology portfolio, and support the deployment of innovative and commercial all-IP networks.

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Acme Packet's board of directors unanimously approved the transaction. The transaction is expected to be completed in the first half of 2013 after approval by the company ’s shareholders, regulatory approval and other closing conditions.

Andy Ory, CEO of Acme Packet, said: "Acquisition of Acme Packet will bring Oracle a lot of expertise and proven mission-critical solutions required for all-IP networks. We hope to merge with Oracle, It can provide customers with special and innovative solutions, accelerate the deployment of all-IP networks, and help release the first-class cross-service, cross-device, and cross-network experience. "

Oracle President Mark Hurd said: "The proposed acquisition of Acme Packet agreement is another important part of the overall strategy for Oracle to release the best integrated product to address the requirements of key customers in key industries. Incorporating into Oracle's leading communications portfolio will enable service providers and enterprises to provide innovative solutions that will change the way we interact, guide business, provide medical care, protect home security and more. "

Bhaskar GorTI, senior vice president and general manager of Oracle's communications department, said: "The communications industry is undergoing a dramatic transformation, users are more closely connected and more dependent on mobile applications and devices. Service providers and enterprises need Communication solutions that enable them to attract customers more effectively. The merger will provide real-time interactive communication safely and reliably through the most comprehensive and first-class communication combination. "

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