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 February 5, 2013
Transaction Analysis
Oracle to Acquire Acme Packet for $2.0 Billion in Cash
Financial Overview:
  • Transaction Value:                                          $1.973 billion
  • Implied Enterprise Value:                              $1.609 billion
  • Implied Enterprise Value/LTM Revenue:                    5.6x
  • Transaction Structure:                                                  Cash

 martinwolf Analysis:

  • Oracle Corporation (Nasdaq:ORCL) today entered into an agreement to acquire Acme Packet, Inc. (Nasdaq:APKT) for approximately $2 billion in cash.
  • The offer per share is $29.25, a 22% premium over Acme Packet's closing price on Friday, February 1.
  • After a string of high-profile acquisitions including Eloqua, Taleo and RightNow, this is Oracle's first significant transaction in the hardware systems space since the 2010 acquisition of Sun, which was cited by Oracle CEO Larry Ellison as "the most strategic and profitable acquisition Oracle has ever made."
  • Oracle looks to build on the unheralded 2012 acquisition of network virtualization technology provider Xsigo.
  • Cloud software implementation creates network bandwidth issues, and with this acquisition Oracle, whose own software contributes to these problems, can now help solve them.
  • Oracle intends to integrate Acme's offering with its own communications product portfolio, alongside other core network products such as its network application platform and service availability management tools.
  • 89 of the world's top 100 communications firms are already Acme customers, bringing Oracle new customers that may be interested in existing Oracle offerings.
  • The transaction makes Oracle more competitive with Cisco and Juniper, and Cisco VARs should be well aware of how it could affect their business.
  • Many companies are looking to secure competitive advantages by better alligning their business strategy with those of their key technology partners - an example of this is the recent acquisition of AdvizeX by Rolta, in which a
    company traditionally focused on IT Services acquired a technology solutions provider.
  • The high price of the acquisition is more in line with Oracle's recent software deals than with similar hardware transactions, suggesting Oracle expects significant growth from this transaction.
Source: CapitalIQ


martinwolf was not the adviser in this transaction.


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With offices in San Francisco and Bangalore, India, martinwolf is a leading middle market M&A Advisory focused on companies with services-based business models. Since 1997, our team has completed more than 115 transactions in six countries. We are a five-year member of the Merrill Lynch PS Referral Network, and were selected as ICICI Bank's (India's leading private bank) exclusive strategic partner for acquiring U.S. IT companies. martinwolf is a member of FINRA and SIPC. For more information, visit

November 6, 2012

Rolta, through its subsidiary Rolta International, Inc. announced that it acquired 

AdvizeX Technologies, LLC, a US company providing a comprehensive set of IT products and services ranging from roadmap planning to cloud-computing implementation strategy. With the acquisition, Rolta is now one of the top national partners of Oracle, Microsoft, HP, EMC and VMware in the US. Rolta was represented by martinwolf in the transaction. 

Please click here to view the announcement.


June 15, 2012

glendonTodd Capital LLC announced that it acquired Aztec Systems, a leading provider of enterprise technology solutions to hundreds of U.S. middle-market companies. Aztec was represented by martinwolf in this transaction. Aztec, a member of Microsoft's Presidents Club, was recently ranked 27th in revenue on Bob Scott's 2012 Top 100 VARS list and serves more than 700 middle-market clients. Terms of the transaction were not disclosed. Please click here to view the announcement.


December 1, 2011

Softchoice Corporation (TSX: SO) announced it has it has fulfilled its regulatory requirements under the Competition Act and has now completed the acquisition of substantially all of the assets of UNIS LUMIN, one of Canada's most highly regarded Cisco networking and managed services companies. Softchoice was represented by martinwolf. The acquisition strengthens Softchoice's professional services capabilities while providing the technology foundation to support the Company's future cloud offerings.

Please click here to view the announcement.   


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