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FEB 05, 2013 - ReadWriteWeb

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Oracle's Acme Packet Deal Pushes It Deeper Into Cisco's Territory

Oracle's footprint in the tech industry just keeps getting bigger and bigger. Since 2005, the company has spent $50 billion on more than 80 acquisitions to extend its reach from business software to hardware to cloud computing and networking. On Monday, Oracle announced plans to acquire Bedford, Mass.-based, Acme Packet for $2.1 billion. If the deal closes by July as planned, Oracle will be facing off against Cisco in providing gear for transmitting voice, video and data over the Internet. IT And Telecom The Acme Packet deal reflects how information technology and telecommunications are ... Read More

Tags: Oracle's Acme Packet Deal Pushes It Deeper Into Cisco's Territory,  Vmware Latest News