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Oracle acquires Acme Packet for $1.7 billion

5 Feb 2013 12:00 AM | Anonymous

Oracle is to pay $1.7 billion for Acme Packet, specialists in network communication equipment.

The move is expected to boost Oracles IP network performance and attraction to customers, as well as adding existing Acme Packet customers to its books.

The acquisition has been approved by Acme’s board of directors, with the deal being expected to be closed in the first half of 2013 if given the go-ahead by stockholders.

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