Reuters: Technology News: Oracle to buy software maker Xsigo

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Oracle to buy software maker Xsigo Jul 30th 2012, 13:46 Tweet Share this Email Print Related News Cisco wins EU approval for $5 billion NDS acquisition Tue, Jul 24 2012 VMware to buy network virtualization firm for $1.05 billion Mon, Jul 23 2012 Verizon wireline disappoints, shares off 2.9 percent Thu, Jul 19 2012 Deals of the day -- mergers and acquisitions Thu, Jul 19 2012 Nexstar, others to buy Newport TV assets for $1 billion Thu, Jul 19 2012 Related Topics Tech » Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » Oracle CEO Larry Ellison speaks at the company's headquarters in Redwood City, California June 6, 2012. Credit: Reuters/Robert Galbraith Mon Jul 30, 2012 9:46am EDT (Reuters) - Software maker Oracle Corp (ORCL.O) said it would buy privately held Xsigo Systems, a network virtualization software maker. San Jose, California-based Xsigo's software helps customers save costs by allowing them to connect any server to any network. The eight-year-old company, backed by Kleiner Perkins and Khosla Ventures, counts British Telecom Plc BTCOM.UL, eBay Inc (EBAY.O) and Verizon Communication Inc (VZ.N) among its customers. "The acquisition is a testament to the momentum behind software-defined networking and network virtualization technology and a sense of urgency among large IT vendors to position themselves following VMware Inc's (VMW.N) acquisition of Nicira," ISI Group analyst Brian Marshall said. VMware last week said it would acquire privately held Nicira Inc for $1.05 billion in cash to expand its portfolio and establish a leading position in virtualized networks. Oracle did not disclose the terms of the deal. Evercore Partners advised Xsigo Systems on the deal. Earlier this month, Oracle bought software maker Skire Inc for an undisclosed amount. (Reporting by Supantha Mukherjee in Bangalore; Editing by Saumyadeb Chakrabarty) Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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