Business software maker Oracle said Monday that it has agreed to buy networking technology company Xsigo Systems for an undisclosed sum.
Xsigo's technology is used by companies such as eBay, Verizon and British Telecom to help manage their data centers. It uses virtualization, which lets single computers and servers function as multiple machines, to let its customers connect any server to any network and data storage. Oracle said this helps save money and boosts the performance of applications.
Oracle said that by combining Xsigo's network virtualization technology and Oracle's VM server virtualization technology, it expects to offer a "complete set" of virtualization capabilities to its customers.
Oracle's stock slipped 22 cents to $30.55 in mid-day trading Monday.
Business software maker Oracle has agreed to buy networking technology company Xsigo Systems for an undisclosed sum.