SOURCE: Oracle Corporation
REDWOOD SHORES, CA--(Marketwire - Jul 30, 2012) - Oracle (NASDAQ: ORCL)
- Oracle today announced that it has entered into an agreement to acquire Xsigo Systems, a leading provider of network virtualization technology.
- Xsigo's software-defined networking technology simplifies cloud infrastructure and operations by allowing customers to dynamically and flexibly connect any server to any network and storage, resulting in increased asset utilization and application performance while reducing cost.
- The company's products have been deployed at hundreds of enterprise customers including British Telecom, eBay, Softbank and Verizon.
- The combination of Xsigo for network virtualization and Oracle VM for server virtualization is expected to deliver a complete set of virtualization capabilities for cloud environments.
- Terms of the agreement were not disclosed. More information on this announcement can be found at oracle.com/xsigo.
- "The proliferation of virtualized servers in the last few years has made the virtualization of the supporting network connections essential," said John Fowler, Oracle Executive Vice President of Systems. "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."
- "Customers are focused on reducing costs and improving utilization of their network," said Lloyd Carney, Xsigo CEO. "Virtualization of these resources allows customers to scale compute and storage for their public and private clouds while matching network capacity as demand dictates."
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This document is for informational purposes only and may not be incorporated into a contract or agreement.
Oracle is currently reviewing the existing Xsigo product roadmap and will be providing guidance to customers in accordance with Oracle's standard product communication policies. Any resulting features and timing of release of such features as determined by Oracle's review of Xsigo's product roadmap are at the sole discretion of Oracle. All product roadmap information, whether communicated by Xsigo or by Oracle, does not represent a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. It is intended for information purposes only, and may not be incorporated into any contract.
Cautionary Statement Regarding Forward-Looking Statements
This document contains certain forward-looking statements about Oracle and Xsigo including statements that involve risks and uncertainties concerning Oracle's proposed acquisition of Xsigo, anticipated customer benefits and general business outlook. When used in this document, the words "anticipates," "can," "will," "look forward to," "expected" and similar expressions and any other statements that are not historical facts are intended to identify those assertions as forward-looking statements. Any such statement may be influenced by a variety of factors, many of which are beyond the control of Oracle or Xsigo that could cause actual outcomes and results to be materially different from those projected, described, expressed or implied in this document due to a number of risks and uncertainties. Potential risks and uncertainties include, among others, the possibility that the transaction will not close or that the closing may be delayed, the anticipated synergies of the combined companies may not be achieved after closing, the combined operations may not be successfully integrated in a timely manner, if at all, general economic conditions in regions in which either company does business may deteriorate and/or Oracle or Xsigo may be adversely affected by other economic, business, and/or competitive factors. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of Oracle or Xsigo. You are cautioned to not place undue reliance on forward-looking statements, which speak only as of the date of this document. Neither Oracle nor Xsigo is under any duty to update any of the information in this document.