Software maker Oracle Corp said it would buy privately held Xsigo Systems, a network virtualization software maker.<\/p>\n
San Jose, California-based Xsigo’s software helps customers save costs by allowing them to connect any server to any network.<\/p>\n
The eight-year-old company, backed by Kleiner Perkins and Khosla Ventures, counts British Telecom Plc, eBay Inc and Verizon Communication Inc among its customers.<\/p>\n
“The acquisition is a testament to the momentum behind software-defined networking and network virtualization technology and a sense of urgency among large IT vendors to position themselves following VMware Inc’sacquisition of Nicira,” ISI Group analyst Brian Marshall said.<\/p>\n
VMware last week said it would acquire privately held Nicira Inc for $1.05 billion in cash to expand its portfolio and establish a leading position in virtualized networks.<\/p>\n
Oracle did not disclose the terms of the deal.<\/p>\n
Evercore Partners advised Xsigo Systems on the deal.<\/p>\n
Earlier this month, Oracle bought software maker Skire Inc for an undisclosed amount.<\/p>\n
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