Spotlight: Oracle agrees to buy Acme Packet for $1.7 billion

Will incorporate Acme Packet into its communications portfolio

The enterprise software behemoth Oracle (Nasdaq: ORCL) has agreed to buy Acme Packet (Nasdaq: APKT), a provider of session border controllers and other IP-based network products, for $29.25 per share, or a total of $1.7 billion, net of Acme Packet's cash. Oracle said it plans to incorporate Acme Packet into its Oracle Communications portfolio. "The addition of Acme Packet to Oracle's leading communications portfolio will enable service providers and enterprises to deliver innovative solutions that will change the way we interact, conduct commerce, deliver healthcare, secure our homes and much more," said Oracle President Mark Hurd. Read more