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Oracle Buys Acme Packet
REDWOOD SHORES, CA, Feb 04, 2013 (MARKETWIRE via COMTEX) --
Oracle (NASDAQ: ORCL) today announced that it has entered into an
agreement to acquire Acme Packet (NASDAQ: APKT), the leading global
provider of session border control technology for $29.25 per share or
approximately $1.7 billion, net of Acme Packet's cash. Acme Packet
enables the trusted, first-class delivery of next-generation voice,
data and unified communications services and applications across IP
networks. The company's solutions are deployed by more than 1,900
service providers and enterprises globally, including 89 of the
world's top 100 communications companies.
"The proposed acquisition of Acme Packet is another important piece
in Oracle's overall strategy to deliver integrated best-in-class
products that address critical customer requirements in key
industries," said Oracle President Mark Hurd. "The addition of Acme
Packet to Oracle's leading communications portfolio will enable
service providers and enterprises to deliver innovative solutions
that will change the way we interact, conduct commerce, deliver
healthcare, secure our homes, and much more."
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.
"The communications industry is undergoing a dramatic shift as users
become more connected and dependent on mobile applications and
devices. Service providers and enterprises need a comprehensive
communications solution that will enable them to more effectively
engage with their customers," said Bhaskar Gorti, Senior Vice
President and General Manager, Oracle Communications. "This
combination will enable secure and reliable delivery of real-time
interactive communications through the most comprehensive,
best-in-class communications portfolio in the industry."
"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
consistent experience across all services, devices and networks."
More information about this announcement is available at
http://www.oracle.com/acmepacket.
About Oracle
Oracle engineers hardware and software to work together
in the cloud and in your data center. For more information about
Oracle (NASDAQ: ORCL), visit http://www.oracle.com.
Trademarks
Oracle is a registered trademark of Oracle Corporation and/or its
affiliates. Other names may be trademarks of their respective owners.
Cautionary Statement Regarding Forward-Looking Statements
This
document contains certain forward-looking statements about Oracle and
Acme Packet, including statements that involve risks and
uncertainties concerning Oracle's proposed acquisition of Acme
Packet, anticipated customer benefits and general business outlook.
When used in this document, the words "anticipates," "can," "will,"
"look forward to," "expected" and similar expressions and any other
statements that are not historical facts are intended to identify
those assertions as forward-looking statements. Any such statement
may be influenced by a variety of factors, many of which are beyond
the control of Oracle or Acme Packet, that could cause actual
outcomes and results to be materially different from those projected,
described, expressed or implied in this document due to a number of
risks and uncertainties. Potential risks and uncertainties include,
among others, the possibility that the transaction will not close or
that the closing may be delayed, the anticipated synergies of the
combined companies may not be achieved after closing, the combined
operations may not be successfully integrated in a timely manner, if
at all, general economic conditions in regions in which either
company does business, and the possibility that Oracle or Acme Packet
may be adversely affected by other economic, business, and/or
competitive factors. Accordingly, no assurances can be given that any
of the events anticipated by the forward-looking statements will
transpire or occur, or if any of them do so, what impact they will
have on the results of operations or financial condition of Oracle or
Acme Packet.
In addition, please refer to the documents that Oracle and Acme
Packet, respectively, file with the U.S. Securities and Exchange
Commission (the "SEC") on Forms 10-K, 10-Q and 8-K. These filings
identify and address other important factors that could cause
Oracle's and Acme Packet's respective operational and other results
to differ materially from those contained in the forward-looking
statements set forth in this document. You are cautioned to not place
undue reliance on forward-looking statements, which speak only as of
the date of this document. Neither Oracle nor Acme Packet is under
any duty to update any of the information in this document.
Oracle is currently reviewing the existing Acme Packet product
roadmap and will be providing guidance to customers in accordance
with Oracle's standard product communication policies. Any resulting
features and timing of release of such features as determined by
Oracle's review of Acme Packet's product roadmap are at the sole
discretion of Oracle. All product roadmap information, whether
communicated by Acme Packet or by Oracle, does not represent a
commitment to deliver any material, code, or functionality, and
should not be relied upon in making purchasing decisions. It is
intended for informational purposes only, and may not be incorporated
into any contract.
Additional Information about the Merger and Where to Find It
In
connection with the proposed merger, Acme Packet will file a proxy
statement with the SEC. Additionally, Acme Packet and Oracle will
file other relevant materials in connection with the proposed
acquisition of Acme Packet by Oracle pursuant to the terms of an
Agreement and Plan of Merger by and among, Oracle, OC Acquisition
LLC, a wholly owned subsidiary of Oracle, Andes Acquisition
Corporation, a wholly-owned subsidiary of OC Acquisition LLC, and
Acme Packet. The materials to be filed by Acme Packet with the SEC
may be obtained free of charge at the SEC's web site at www.sec.gov.
Investors and security holders of Acme Packet are urged to read the
proxy statement and the other relevant materials when they become
available before making any voting or investment decision with
respect to the proposed merger because they will contain important
information about the merger and the parties to the merger. Oracle,
Acme Packet and their respective directors, executive officers and
other members of its management and employees, under SEC rules, may
be deemed to be participants in the solicitation of proxies of Acme
Packet stockholders in connection with the proposed merger. Investors
and security holders may obtain more detailed information regarding
the names, affiliations and interests of certain of Oracle's
executive officers and directors in the solicitation by reading the
proxy statement and other relevant materials filed with the SEC when
they become available. Information concerning the interests of Acme
Packet's participants in the solicitation, which may, in some cases,
be different than those of Acme Packet's stockholders generally, is
set forth in the materials filed by Acme Packet with the SEC, and
will be set forth in the proxy statement relating to the merger when
it becomes available.
Contact Info
Carol Sato
Oracle Corporate Communications
+1 650.633.5551
Email Contact
Ken Bond
Oracle Investor Relations
+1 650.607.0349
Email Contact
SOURCE: Oracle Corporation
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