Oracle agrees to buy Virtual Iron for undisclosed sum
May 13, 2009 10:53 AM
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Oracle Corp. said it has agreed to by Virtual Iron Software Inc. for an undisclosed sum.
The privately held Lowell company makes virtualization software, which increases data center capacity.
California-based Oracle, which expects the deal to close this summer, agreed last month to buy server and software maker Sun Microsystems for $7.4 billion in cash.
The company's shares fell 19 cents to $18.19 in morning trading. To read Oracle's press release, please click here. (AP)
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