Oracle buys out Pillar Data Systems

Business sotware company Oracle has agreed to acquire storage vendor Pillar Data Systems providing Oracle with a compelling SAN storage architecture.
Round-up of today's M&A deals

Christiana Roberts

Date: 30 June 2011

Article: News

Oracle has agreed to acquire storage vendor Pillar Data Systems providing Oracle with a compelling SAN storage architecture.

Oracle says the acquisition will help it offer a complete line of data storage products that help run its software faster and more efficiently.

While financial deatils of the deal were not disclosed, the deal does not involve an up-front payment, only future compensation based on the attainment of certain goals by Pillar Data Systems.

Oracle says the amount will be determined by an independent committee of Oracles board who have said it does not expect it to be material to its financial position and there is no guarantee it will pay anything.

Round-up of today's M&A deals

  • Chinese firm Suning Appliance is to take a controlling stake in Japan's Laox in a deal aimed at boosting overseas business

Value: £69 million

Advisers: undisclosed

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  • Simulation software maker Ansys arms itself with software to design energy-efficient electronic devices by buying privately held rival Apache Design Solutions

Value: £193 million

Advisers: BofA Merrill Lynch, Deutsche Bank Securities

Read more