Acme Packet snapped up by Oracle
Telco network session delivery specialist Acme Packet said Monday that it has agreed to be acquired by software giant Oracle.
February 4, 2013
Telco network session delivery specialist Acme Packet said Monday that it has agreed to be acquired by software giant Oracle.
Oracle plans to make Acme Packet a core offering in its communications portfolio to enable customers to more rapidly innovate and help with the simplification of IT and network infrastructures.
The telco vendor’s management team and employees are expected to join Oracle’s Global Business Unit. The proposed transaction is subject to certain approvals and is expected to close in the first half of 2013.
Andy Ory, CEO of Acme Packet, said the deal will help service providers rapidly accelerate the transformation to all-IP communications networks across the globe. “The combination of our session border control and other solutions with Oracle’s powerful Communications portfolio will enable service providers to uniquely differentiate and monetize next-generation services, and help enterprises benefit from more effective user engagement and improved employee productivity,” he said.
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