image thumb117 Its Oracle thats buying Sun Microsystems for $7.4 billion.... Bite dust IBM!

After all the noise IBM created with its acquisition of Sun Microsystems, Oracle set to buy Sun has taken me by surprise. I guess Sun Microsystems knew that it was worth more than IBM’s $6.5 billion bid, which is why Oracle’s $7.4 billion acquisition is something that Sun couldn’t put down. This one sounds like much intelligent acquisition as Sun Microsystems boasts software like Java and Solaris, while Oracle’s own Fusion Middleware has been developed on Java. Oracle’s CEO, Larry Ellison stated in the release:

The acquisition of Sun transforms the IT industry, combining best-in-class enterprise software and mission-critical computing systems. Oracle will be the only company that can engineer an integrated system – applications to disk – where all the pieces fit and work together so customers do not have to do it themselves. Our customers benefit as their systems integration costs go down while system performance, reliability and security go up.