Oracle acquires Sun Microsystem

Posted: April 21, 2009 in Tech

Oracle Corporation said that is has agreed to acquire Sun Microsystems for US$7.4 billion. Oracle said that the deal offered “substantial long-term strategic advantages” while describing Java as “the most important software Oracle has ever acquired.”

Larry Ellison, chief executive officer of Oracle, claims the deal will make Oracle “the only company that can engineer an integrated system – applications to disc – where all the pieces fit and work together so customers do not have to do it themselves.” He also revealed predictions that the purchase of Sun will add a not inconsiderable $2 billion to Oracle’s profit within the next two financial years.

Sun Microsystem owns Java, MySQL, and Solaris operating system technologies.

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