Oracle announced today it will acquire Massachusetts-based technology company Acme Packet for $2.1 billion. Acme provides delivery network solutions that enable secure delivery of next-generation voice, data and unified communications services and applications across IP (Internet protocol) networks.
Oracle agreed to pay $29.25 per share net of Acme’s cash, representing an enterprise value of $1.7 billion, the companies said.
The deal expands Oracle’s communications portfolio with a set of solutions to move data more securely over Internet networks. Oracle and Acme now offer service providers and enterprises an end-to-end portfolio of technologies to support the deployment, innovation and monetization of all-IP networks.
"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."
This is Oracle’s biggest deal since its purchase of Sun Microsystems in 2010, and follows a series of smaller acquisitions in 2012.
