Oracle agreed to acquire Virtual Iron Software, Inc., a provider of server virtualization management software that enables resource and capacity management in virtualized data centers.
Industry trends are driving demand for virtualization as a way to reduce operating expenses and support green IT strategies without sacrificing quality of service, said Wim Coekaerts, Oracle vice president of Linux and virtualization engineering. With the addition of Virtual Iron, Oracle expects to enable customers to more dynamically manage their server capacity and optimize their power consumption. The acquisition is consistent with Oracles strategy to provide comprehensive enterprise software management and will facilitate more efficient management of application service levels.
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.
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