Oracle (ORCL) to Acquire Virtualization Provider Xsigo Systems
- Wall St. edges higher, pacing to fourth day of gains
- Harley-Davidson (HOG) Says Subject of Various Rumors; Won't Comment on Latest Speculation
- Unusual 11 Mid-Day Movers 7/1: (YECO) (FTEK) (GBR) Higher; (FC) (HIMX) (MU) Lower
- NHTSA Probes Tesla (TSLA) After Fatal Model S Autopilot Crash
- Caution: Wall Street Rumor Mill in Overdrive
Oracle (Nasdaq: ORCL) announced that it has entered into an agreement to acquire Xsigo Systems, a leading provider of network virtualization technology.
- Xsigo's software-defined networking technology simplifies cloud infrastructure and operations by allowing customers to dynamically and flexibly connect any server to any network and storage, resulting in increased asset utilization and application performance while reducing cost.
- The company's products have been deployed at hundreds of enterprise customers including British Telecom, eBay, Softbank and Verizon.
- The combination of Xsigo for network virtualization and Oracle VM for server virtualization is expected to deliver a complete set of virtualization capabilities for cloud environments.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- UPDATE: Aetna (AET) Said Planning Asset Sales to Stem Antitrust Concerns (HUM)
- Hawaiian Electric Industries (HE) Sinks as PUC Merger Decision Delay Seen as Negative
- Disney (DIS) to buy stake in MLB's video arm for $3.5B - Bloomberg
Create E-mail Alert Related CategoriesMergers and Acquisitions
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!