Oracle(R) Buys HotSip
Wednesday February 15, 3:24 pm ET
A Leading Provider of Communications Infrastructure Software
REDWOOD SHORES, Calif., Feb. 15 /PRNewswire-FirstCall/ -- Oracle (Nasdaq: ORCL - News) today announced that it has entered into an agreement to acquire Sweden-based HotSip AB. HotSip is a provider of telecommunications infrastructure software and Session Initiation Protocol (SIP) enabled applications for IP telephony, presence, messaging and conferencing on new converged networks. "The addition of HotSip's technology will allow Oracle to build on its leadership in middleware and in carrier-grade communications infrastructures," said Thomas Kurian, senior vice president, Oracle Server Technologies.
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Terms of the pending transaction were not disclosed.
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Source: Oracle Corporation
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