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M&A: Oracle buys Corente

Oracle agreed to acquire Corente, a leading provider of software defined networking (SDN) technology for wide area networks (WAN), Oracle informed.

Corente's software defined WAN virtualization platform accelerates deployment of distributed and cloud-based applications and services by allowing customers to provision and manage global private networks connecting to any site, over any IP network, in a secure, centralized, and simple manner.

Corente's Cloud Services Exchange delivers, secures, and manages distributed applications over diverse networks, globally, to any site, over any IP network, regardless of the type of transport, access, application or provider involved.

The combination of Oracle and Corente is expected to deliver software-defined networking offerings for cloud deployments with SDN offerings that virtualize both the enterprise data center LAN and the WAN.

Oracle develops and produces open-source and integrated software and hardware.

US GAAP net profit of Oracle for the second quarter of the financial year 2014 rose by 5% to $0.56 per share, the company informed. Cash flow from operations for the 12-month period expired grew to $15.2 billion, free cash flow went up 14%. In the second quarter of 2014, Oracle's aggregate income increased by 2% to $9.3 billion.

"AK&M", 17.01.2014


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