NetSuite deal adds to Oracle purchases, broadens cloud apps line
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Oracle has bought US startup Corente for an undisclosed sum.
The company confirmed the acquisition today, but remained tight-lipped over the amount it had spent on the New Jersey firm, which according to InsideView has an annual revenue of just $15m but boasts customers as big as BT.
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It argues that whilst local area networks (LANs) in the datacentre have been rejuvenated through SDN technologies, the WAN delivery network has fallen behind. This means that whilst applications may have been souped up at the back end, users were not experiencing the full benefit in the office.
Corente claims its portfolio solves this issue and enables cloud applications and services to provisioned, delivered and managed securely over any IP network for any office around the world.
Oracle has spent recent years building up its own datacentre hardware, along with cloud services and applications to run over the top, so it sees Corente’s technology as complementary to its existing portfolio.
“Oracle customers need networking solutions that span their datacentres and global networks,” said Edward Screven, chief corporate architect at Oracle.
“By combining Oracle’s technology portfolio with Corente’s industry-leading platform, extending software-defined networking to global networks, enterprises will be able to easily and securely deliver applications and cloud services to their globally distributed locations,” he said.
There has been no indication as to when the companies expect the deal to close, but both will continue to operate independently until regulatory conditions have been met.