News
 

Bookmark and Share

(0) 

Oracle Corp. on Wednesday announced that it had completed its acquisition of Sun Microsystems. Combination of the local entities worldwide will proceed in accordance with local laws.

The combination of Sun and Oracle is likely to completely transform the whole IT industry. With the addition of servers, storage, SPARC processors, the Solaris operating system, Java, and the MySQL database to Oracle's portfolio of database, middleware, and business applications, the company plans to engineer and deliver open and integrated systems – from applications to disk –where all the pieces fit and work together out of the box.

According to Oracle, each layer of the stack will be architected to improve performance, leverage innovation and centralize management so that IT will be more predictable, more supportable, and more secure. Oracle promises that customers will benefit as their system performance, reliability and security goes up and their system integration and management costs go down.

Oracle acquired Sun common stock for $9.50 per share in cash. Approximately 62% of the shares of Sun common stock outstanding as of the record date for the meeting voted to adopt the agreement. The transaction’s proceedings are about $7.4 billion.

Tags: Oracle, Sun, Sun Microsystems, Business

Discussion

Comments currently: 0

Add your Comment




Latest News

Tuesday, July 15, 2014

6:11 am | Apple Teams Up with IBM to Make iPhone and iPad Ultimate Tools for Businesses and Enterprises. IBM to Sell Business-Optimized iPhone and iPad Devices

Monday, July 14, 2014

6:01 am | IBM to Invest $3 Billion In Research of Next-Gen Chips, Process Technologies. IBM to Fund Development of 7nm and Below Process Technologies, Help to Create Post-Silicon Future

5:58 am | Intel Postpones Launch of High-End “Broadwell-K” Processors to July – September, 2015. High-End Core i “Broadwell” Processors Scheduled to Arrive in Q3 2015

5:50 am | Intel Delays Introduction of Core M “Broadwell” Processors Further. Low-Power Broadwell Chips Due in Late 2014

Wednesday, July 9, 2014

4:04 pm | Intel Readies New Quark “Dublin Bay” Microprocessors. Intel’s “Dublin Bay” Chips Due in 2015