Oracle announced today that it has entered into an agreement with network virtualization technology company Xsigo to acquire it. The company simplifies cloud infrastructure and operations by allowing customers to dynamically and flexibly connect any server to any network and storage. The transaction is expected to close in the fall of 2012, until till the transaction closes, Oracle and Xsigo will continue to operate independently, and it is business as usual.
John Fowler, Oracle Executive Vice President of Systems said, “The proliferation of virtualized servers in the last few years has made the virtualization of the supporting network connections essential. 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.”