SUN Microsystems has signed a definitive agreement to acquire Swedish open source database pioneer MySQL for US$1 billion (A$1.1 billion).
Sun said the acquisition gives the company a leg-up in the enterprise IT market, including the US$15 billion enterprise database market.
The announcement also reaffirms Sun’s position as one of the largest commercial open source contributors in the web economy.
“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,” Sun chief executive officer Jonathan Schwartz said in a statement.
“This announcement boosts our investments into the communities at the heart of innovation on the internet and of enterprises that rely on technology as a competitive weapon,” Mr Schwartz said.
MySQL corporate deployments include Facebook, Google, Nokia, Baidu and China Mobile. The acquisition will bring synergies to Sun that will change the landscape of the software industry by driving new adoption of MySQL's open source database in more traditional applications and enterprises.
The integration with Sun will greatly extend the commercial appeal of MySQL's offerings and should also improve its value proposition with the addition of Sun's global services organisation.
“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,” said MySQL chief executive Marten Mickos.
For more Open CeBIT news, click here.
Thursday, January 17, 2008
Sun acquires MySQL US$1b
Labels:
CeBIT,
Cebit Australia,
database,
MySQL,
Open Cebit,
Open Source,
Sun Microsystems