Oracle has announced that it has entered into an agreement to acquire Acme Packet for approximately $1.7 billion, net of Acme Packet’s cash. The total price comes in at $2.1 billion.
The company’s communications products are deployed by more than 1,900 service providers and enterprises globally, including 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 Mark Hurd, Oracle president
Oracle plans to make Acme Packet a core offering in its Oracle Communications portfolio.
The company added that the acquisition is expected to accelerate the migration to all-IP networks by enabling secure and reliable communications from any device, across any network.
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.
“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,” said Bhaskar Gorti, Senior Vice President and General Manager, 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.”