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Oracle acquired Sun Microsystems

April 20, 2009 1 comment

Oracle has acquired Sun Microsystems …

From Sun side
Sun and Oracle today announced a definitive agreement for Oracle to acquire Sun for $9.50 per share in cash. The Sun Board of Directors has unanimously approved the transaction. It is anticipated to close this summer.

From Oracle side
On April 20, 2009, Oracle announced it has entered into an agreement to acquire Sun Microsystems (Sun). The proposed transaction is subject to Sun stockholder approval, certain regulatory approvals and customary closing conditions. Until the deal closes, each company will continue to operate independently, and it is business as usual.

The acquisition combines best-in-class enterprise software and mission-critical computing systems. Oracle plans to engineer and deliver an integrated system—applications to disk—where all the pieces fit and work together so customers do not have to do it themselves. Customers benefit as their system integration costs go down while system performance, reliability and security go up.

Press Release Quotes
“The acquisition of Sun transforms the IT industry, combining best-in-class enterprise software and mission-critical computing systems. Oracle will be the only company that can engineer an integrated system applications to disk where all the pieces fit and work together so customers do not have to do it themselves. Our customers benefit as their systems integration costs go down while system performance, reliability and security go up.”

Larry Ellison
CEO

Oracle
“Oracle and Sun have been industry pioneers and close partners for more than 20 years. This combination is a natural evolution of our relationship and will be an industry-defining event.”

Scott McNealy
Chairman of the Board of Directors, Chairman of Sun Federal, Inc.

Sun Microsystems
“This is a fantastic day for Sun’s customers, developers and partners across the globe, joining forces with the global leader in enterprise software to drive innovation and value across every aspect of the technology marketplace. From the Java platform touching nearly every business system on earth, powering billions of consumers on mobile handsets and consumer electronics, to the convergence of storage, networking and computing driven by the Solaris operating system and Sun’s SPARC and x64 systems. Together with Oracle, we’ll drive the innovation pipeline to create compelling value to our customer base and the marketplace.”

Jonathan Schwartz
CEO and President
Sun Microsystems

Oracle complete list of acquisition at Acquisition

Categories: Oracle, Sun