Oracle Buying Acme Packet
BEDFORD, Mass. -- 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. The Board of Directors of Acme Packet has unanimously approved the transaction. 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. "Acme Packet brings deep domain expertise and proven, mission-critical solutions to enable all- IP networks," said Andy Ory, Chief Executive Officer, Acme Packet. "Together with Oracle, we expect to provide customers with purpose-built, innovative solutions to accelerate the deployment of all-IP networks and help deliver a superior experience across services, devices and networks." Acme Packet Inc.