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Oracle Buys Virtual Iron

Wednesday, May 13, 2009
Oracle has agreed to acquire Virtual Iron Software, Inc. (Virtual Iron), a provider of server virtualization management software that enables dynamic resource and capacity management in virtualized data centers. The combination of Virtual Iron’s technology and Oracle VM’s scalable, high performance and highly available server virtualization product is expected to provide more comprehensive and dynamic resource management across the full software stack. Customers are expected to benefit from better capacity utilization, streamlined virtual server configuration, and improved visibility and control of their enterprise software. The transaction is subject to customary closing conditions and is expected to close this summer. Until the deal closes, each company will continue to operate independently. Financial details of the transaction were not disclosed.

Article sourced from www.oracle.com, click here to read full story.

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