Oracle announced on Wednesday it will acquire storage solutions provider Pillar Data Systems. The financial terms of the acquisition were not disclosed.
Expected to close in July, the acquisition will help Oracle deliver a complete line of storage products that runs the company’s software faster and more efficiently.
Based in San Jose, Pillar Data Systems is a privately-held company that serves nearly 600 customers across 24 countries.
The company’s storage technology is particularly well-suited for hosting providers, as it provides highly scalable SAN Block I/O storage systems that offer high performance scaling characteristics.
Oracle president Mark Hurd and executive vice president of systems John Fowler will provide an Oracle Storage strategy update on Thursday.
"The acquisition of Pillar Data Systems provides Oracle with a compelling SAN storage architecture that complements our core strengths," said Fowler. "Customers can optimize the value of their Oracle applications, database, middleware and operating system software by running on Oracle’s storage solutions."
Pillar Data Systems is majority owned by Oracle CEO Larry Ellison. The evaluation and negotiation of the deal was led by an independent committee of Oracle’s board of directors.
The acquisition is structured as a 100 percent earn-out with no up-front payment. Oracle does not expect that the amount of the earn-out or its potential impact will impact Oracle’s results of operations or financial position.
Earlier this year, Oracle launched its Oracle Cloud File System to enable storage pooling through an elastic storage cloud.
Source : Boy Hosting, Oracle, Pillar Data Systems