Oracle to buy software maker Xsigo

Updated on: 2012-07-30 || Source: reuters.com

(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)

News

Blackphone 2 'privacy' Android handset revamped
Security firm Silent Circle has revamped its smartphone that helps people manage personal data.
Chinese smartphones mount massive web attack
More than 650,000 Chinese smartphones have been unwittingly enrolled in a massive attack that overwhelmed a web
Hilton investigates hack claims
The Hilton hotel group has said it is investigating claims its US shops and gift stores may be the source of
Twitter website 'blocked' in Turkey
Twitter users in Turkey report that the social media site has been blocked in the country.

SIGN UP FOR NEWSLETTER

Sign up to received our free newsletter!
Name:
E-mail ID:

MOST READ

Views: 5073 Times
Photoshop Button Maker READ MORE
Views: 2716 Times
Ethiopia clamps down on Skype and other internet use on Tor READ MORE
Views: 2647 Times
Pakistan briefly bans Twitter access for "blasphemy" READ MORE
Views: 5391 Times
Keep Track of your Employees Through A Blackberry Spy READ MORE
Views: 7232 Times
PHP: Create Your Own MVC (Part 4) READ MORE

Home|IT News|Computer Tips|Video Tutorials|Download Softwares|Subjects|Contact Us
Copyright © 2018. Jumbo Education (Information Technology). All rights reserved.
Free counter and web stats

Large Visitor Globe