Oracle to buy Acme Packet for $1.7 billion
Redwood Shores, Calif. -- Oracle Corp. said on Monday it has agreed to buy Acme Packet for $29.25 per share or approximately $1.7 billion, net of Acme Packet’s cash.
Acme Packet, which is based in Bedford, Mass., makes networking equipment that allows customers to deliver voice, video and data across Internet networks for tasks such as video conferencing.
“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 health care, secure our homes and much more,” said Mark Hurd, president, Oracle, in a statement.
The companies noted the deal will "accelerate the migration to all-IP networks by enabling secure and reliable communications from any device, across any network."