filed in E-Business on Feb.04, 2013
Oracle just made another blockbuster acquisition. The company has agreed to acquire Acme Packet, a provider of session border control technology, for $2.1 billion. That sale price equals $29.25 per share. The transaction is expected to close in the first half of this year.
Acme Packet allows service providers to deliver voice, data and unified communications services and applications across IP networks. More than 1,900 service providers and enterprises, including 89 of the world’s top 100 communications companies, are Acme Packet customers.
Oracle President Mark Hurd called the proposed acquisition of Acme Packet another important piece in the company’s overall strategy to deliver integrated 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,” Hurd said.
With its latest acquisition, Oracle is tapping into a market demand. Specifically, users are more and more connected — and they expect to communicate anytime and anywhere using their application, device, and network of choice.
“The communications industry is undergoing a dramatic shift as users become more connected and dependent on mobile applications and devices,” said Bhaskar Gorti, senior vice president and general manager of Oracle Communications. “Service providers and enterprises need a comprehensive communications solution that will enable them to more effectively engage with their customers.”
By integrating Acme Packet technology, Oracle expects to accelerate the migration to all-IP networks by making it possible for service providers to offer secure, reliable communications from any device, across any network.
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