Oracle has announced the purchase of Xsigo which specialises in network virtualisation. While the finical details of the purchased were not released, the move is expected to be finalised by the autumn of this year.

The move comes as Oracle looks to create its own virtualisation offerings. Xsigo currently has companies such as eBay and BT among its customers.

Lloyd Carney, CEO of Xsigo, said “with Xsigo, customers can reduce the complexity and simplify management of their clouds by delivering compute, storage and network resources that can be dynamically reallocated on-demand".