Oracle to buy Acme Packet for $2.1 billion
February 5 , 2013
Software maker Oracle is to buy Acme Packet for $2.1 billion cash in a bid to ramp up its offering to businesses in the Internet cloud.
Acme is known for selling hardware used to manage the transmission of phone calls, and which also utilizes the same technology as Internet communications.
Oracle is the world's third largest software maker and a top manufacturer of high-end business computers.
Industry analysts expect Oracle to use Acme's software in its existing line of Sun computers.
Oracle agreed to pay $29.25 per share in cash, which represents a 22 percent premium to Acme Packet's closing price on the Nasdaq on Friday. Taking out Acme Packet’s cash, Oracle said it was paying $1.7 billion.
Oracle's headquarters is located in Redwood city, CA, United States. View US Fast Facts Infographic