Oracle Monday 4 announced it will acquire Acme Packet, the leading global provider of Voice Over Internet Protocol (VOIP) signal technology for $1.7 billion (Shs 147billion), net of Acme Packet’s cash.
Acme Packet enables the trusted, first-class delivery of next-generation voice, data and unified communications services and applications across IP networks. The company’s solutions are deployed by more than 1,900 service providers and enterprises globally, including 89 of the world’s top 100 communications companies.
Oracle President Mark Hurd said the acquisition of Acme Packet is an important milestone in Oracle’s overall strategy to deliver integrated best-in-class products that address critical customer requirements in key industries.
He said. “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.”
Acme Packet’s technology will accelerate the migration to all-IP networks by enabling secure and reliable communications from any device, across any network. Users are increasingly connected and expect to communicate anytime and anywhere using their application, device, and network of choice.
The two will help service providers and enterprises meet these demanding requirements by delivering an end-to-end portfolio of technologies that will support the deployment, innovation and monetization of all-IP networks.
Already approved by Acme Packet’s Board of Directors, 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.