Oracle Acquires Acme Packet for $1.7 Billion
Acme Packet sells voice and data products, as well as services used by IP networks.
Oracle has agreed to acquire network service provider Acme Packet for a fee of $1.7 billion.
Acme Packet sells voice and data products, in addition to services utilized across IP networks. Customers who have purchased its services include telecommunications providers and large enterprises, which, according to Oracle, includes 89 of the world’s top 100 communications companies.
"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 Oracle President Mark Hurd. "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."
"The communications industry is undergoing a dramatic shift as users become more connected and dependent on mobile applications and devices. Service providers and enterprises need a comprehensive communications solution that will enable them to more effectively engage with their customers," added Bhaskar Gorti, Senior Vice President and General Manager of Oracle Communications. "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."
Acme's board of directors have approved the deal, which is expected to close during the first half of 2013, subject to shareholder and regulatory approval.
"Acme Packet brings deep domain expertise and proven, mission-critical solutions to enable all-IP networks," said Andy Ory, Chief Executive Officer of Acme Packet. "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."
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