Acme Packet acquired by Oracle for $2.1B

Date:
Monday February 04, 2013

Company Name:
Acme Packet

Company Website:
http://acmepacket.com

Categories:
Enterprise Software, Mobile / Wireless

Deal:
Acquisition

Source:
http://bit.ly/11Bm5Ys

Acme Packet® (NASDAQ: APKT) today announced that it has entered into an agreement to be acquired by Oracle (NASDAQ: ORCL) for $29.25 per share in cash representing a fully diluted equity value of $2.1 billion. Net of cash this represents an enterprise value of $1.7 billion.

The combination of Oracle and Acme Packet is expected to 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. Oracle Communications along with Acme Packet can 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.