Oracle Buys Sun!! - GovCloud Network

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Monday, April 4, 2009

Oracle Buys Sun!!

Swooping in from nowhere, Oracle buys Sun for $7.4B!!

“This morning, the companies announced that they’d struck a deal worth $7.4 billion or $5.6 billion net of Sun’s cash and debt. Under the terms, Oracle will acquire Sun common stock for $9.50 per share in cash.

The arrangement would provide Oracle ownership of Java and Solaris and gives Oracle control of MySQL, in addition to its own flagship database technology.”

What a coup for Oracle and a boon for cloud computing!! As a software company focused on transitioning to the SaaS model, Oracle is making a very loud statement with this acquisition. With our SOA-R partners, Northrop Grumman and Appistry, Dataline has already successfully demonstrated an ability to use the Oracle SOA Suite and Oracle Beehive on the Amazon EC2 platform (see Cloud Computing: Infrastructure-as-a-Service Demonstration). As one of the largest Oracle application users, the Federal government will now definitely see Oracle as a viable software standard for the much anticipated government cloud.

Follow me at https://Twitter.com/Kevin_Jackson

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10 years ago

NeoScythe

the popularity of cloud computing made most companies use saas accounting software nowadays.

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