Oracle corp. (ORCL) announced Monday that it has entered into an agreement to acquire Acme Packet Inc.(APKT), a provider of session border control technology, for $29.25 per share or approximately $1.7 billion, net of Acme Packet's cash.
Acme Packet enables the trusted, first-class delivery of next-generation voice, data and unified communications services and applications across IP networks. The company's solutions are deployed by more than 1,900 service providers and enterprises globally, including 89 of the world's top 100 communications companies.
The Board of Directors of Acme Packet has unanimously approved the transaction. The transaction is expected to close in the first half of 2013, subject to Acme Packet stockholder approval, certain regulatory approvals and other customary closing conditions.
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