January 16, 2008 - Sun Microsystems, Inc. entered into a definitive agreement to acquire MySQL AB, an open source icon and developer, for approximately $1 billion in total consideration.
The integration with Sun will extend MySQL's offerings and improve its value proposition with the addition of Sun's global services organization. MySQL will gain new distribution through Sun's channels including its OEM relationships with Intel, IBM and Dell.
"Sun's culture and business model complements MySQL's own by sharing the same ideals that we have had since our foundation - software freedom, online innovation and community and partner participation. We are tremendously excited to work with Sun and the millions of members of the MySQL open source ecosystem to continue to deliver the best database for powering the modern Web economy," said Marten Mickos, CEO of MySQL.
MySQL's open source database is deployed across major operating systems, hardware vendors, geographies, industries and application types. The complementary product lineups are expected to bring new markets for Sun's systems, virtualization, middleware and storage platforms.
"Supporting our overall growth plan, acquiring MySQL amplifies our investments in the technologies demanded by those driving extreme growth and efficiency, from Internet media titans to the world's largest traditional enterprises," said Jonathan Schwartz, CEO and president of Sun Microsystems.
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