April 20, 2009 at 17:00Oracle Announces Sun Microsystems Acquisition
- Transfer
On April 20, Oracle announced it had entered into an agreement to acquire Sun Microsystems (Sun). The proposed transaction is subject to approval by Sun Shareholders, certain regulatory matters, and the usual closing conditions of the transaction. Until the transaction is closed, each of the companies will continue to operate independently, as usual.
The acquisition combines best-in-class enterprise software and mission-critical computing systems. Oracle plans to develop and deliver a complete integrated software system, where all the elements are arranged to work together so that customers do not have to do it themselves. In addition, it will be beneficial to customers due to higher system integration and increased productivity, reliability and security.
Oracle and Sun Microsystems signed a final agreement on April 20, under which Oracle will acquire Sun at $ 9.50 per share. The total transaction amount is estimated at about $ 7.4 billion, or $ 5.6 billion, net of Sun's debt payments.
“Sun’s acquisition is transforming the IT industry by combining best-in-class enterprise software and mission-critical computing,” said Oracle CEO Larry Ellison.
There are long-term strategic advantages for Oracle, provided that you purchase Sun - two key Sun technologies: Java and Solaris. Java is one of the most well-known brands in the computer industry and one of the most widely used technologies. Oracle can ensure continued innovation and investment in Java technology for the benefit of customers and the Java community based on Oracle Fusion Middleware.
Sun Solaris is the primary platform for Oracle databases. With the acquisition of Sun, Oracle can optimize databases for some of Solaris's unique high-tech features. Oracle will continue to support Linux and other open platforms.
“Oracle and Sun have been industry pioneers and close partners for over 20 years,” said Sun Chairman Scott McNely. “This merger is a natural development of our relationship and will be a defining event in the industry.”
“This is a fantastic day for Sun customers, developers, partners and employees around the world - joining forces with the world leader in software,” said Jonathan Schwartz, CEO of Sun.
“Sun is a pioneer in enterprise solutions, and this merger recognizes the innovation and customer success that the company has already achieved. Our largest customers asked us to take a step towards reducing the complexity, risk, and cost of delivering highly optimized, standardized products, ”said Oracle President Charles Phillips. “This deal will save and expand the investments made by our customers.”
Sun Microsystems Board of Directors unanimously approves the deal. It is expected to complete it this summer, subject to approval by Sun shareholders.
Sources:
http://www.oracle.com/sun/index.html
http://www.sun.com/aboutsun/pr/2009-04/sunflash.20090420.1.xml
The acquisition combines best-in-class enterprise software and mission-critical computing systems. Oracle plans to develop and deliver a complete integrated software system, where all the elements are arranged to work together so that customers do not have to do it themselves. In addition, it will be beneficial to customers due to higher system integration and increased productivity, reliability and security.
Oracle and Sun Microsystems signed a final agreement on April 20, under which Oracle will acquire Sun at $ 9.50 per share. The total transaction amount is estimated at about $ 7.4 billion, or $ 5.6 billion, net of Sun's debt payments.
“Sun’s acquisition is transforming the IT industry by combining best-in-class enterprise software and mission-critical computing,” said Oracle CEO Larry Ellison.
There are long-term strategic advantages for Oracle, provided that you purchase Sun - two key Sun technologies: Java and Solaris. Java is one of the most well-known brands in the computer industry and one of the most widely used technologies. Oracle can ensure continued innovation and investment in Java technology for the benefit of customers and the Java community based on Oracle Fusion Middleware.
Sun Solaris is the primary platform for Oracle databases. With the acquisition of Sun, Oracle can optimize databases for some of Solaris's unique high-tech features. Oracle will continue to support Linux and other open platforms.
“Oracle and Sun have been industry pioneers and close partners for over 20 years,” said Sun Chairman Scott McNely. “This merger is a natural development of our relationship and will be a defining event in the industry.”
“This is a fantastic day for Sun customers, developers, partners and employees around the world - joining forces with the world leader in software,” said Jonathan Schwartz, CEO of Sun.
“Sun is a pioneer in enterprise solutions, and this merger recognizes the innovation and customer success that the company has already achieved. Our largest customers asked us to take a step towards reducing the complexity, risk, and cost of delivering highly optimized, standardized products, ”said Oracle President Charles Phillips. “This deal will save and expand the investments made by our customers.”
Sun Microsystems Board of Directors unanimously approves the deal. It is expected to complete it this summer, subject to approval by Sun shareholders.
Sources:
http://www.oracle.com/sun/index.html
http://www.sun.com/aboutsun/pr/2009-04/sunflash.20090420.1.xml