Oracle is going to buy Acme Packet, a Massachusetts networking gear player that sells secure IP video conferencing, data and voice calling to SPs and the enterprise.
Acme is a company, described as a “one of Boston’s recent success stories,” as well as a rival of Cisco and Juniper, more likely to be acquired by Cisco than Oracle, that Oracle is picking up for $2.1 billion in cash or $29.25 a share, a 22% premium over Acme’s Friday close.
Oracle will wind paying $1.7 billion, net of Acme’s roughly $363.4 million in the bank.
Acme reportedly has 1,900 service provider and enterprises customers worldwide including 89 of the world’s top 100 communications companies.