Jan
18
Sun Microsystems to Acquire MySQL!
Posted by Navneet Kaushal on | No Comments

Sun Microsystems, Inc. has announced today about a definitive agreement to acquire MySQL AB. MySQL AB is well-known in the open source world and it develops one of the world’s most progressive open source databases for approximately $1 billion in value.

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This move by Sun Microsystems, Inc. is slated to consolidate its position in enterprise IT, in the $15 billion database market. This move is yet an step highlighting Sun’s commitment towards being the leader in providing platforms for the Web economy as well as being the largest commercial open source contributor.

MySQL’s open source database is deployed far and wide spreading across geographies, hardware vendors, major operating systems, industries and application types. Some of the worldwide deployments include Facebook, Google, Nokia, Baidu and China Mobile. The widespread usage of MySQL’s open source database software can be ascertained from the fact that over 100 million copies of its software have been downloaded and distributed. Moreover, about 50,000 copies are downloaded daily.

Jonathan Schwartz, CEO and president, Sun Microsystems said, “Today’s acquisition reaffirms Sun’s position at the center of the global Web economy. Supporting our overall growth plan, acquiring MySQL amplifies our investments in the technologies demanded by those driving extreme growth and efficiency, from Internet media titans to the world’s largest traditional enterprises,…MySQL’s employees and culture, along with its near ubiquity across the Web, make it an ideal fit with Sun’s open approach to network innovation. And most importantly, this announcement boosts our investments into the communities at the heart of innovation on the Internet and of enterprises that rely on technology as a competitive weapon.”

MySQL’s open source database is a software platform made up of Linux, Apache, MySQL and PHP/Perl which is considered by many as the foundation of the Internet. Sun has plans to further improve and optimize the “LAMP stack” on GNU/Linux, Microsoft Windows, OpenSolaris and MAC OS X. Further, the MySQL, OpenSolaris and GlassFish coupled with Sun’s Java NetBeans communities and platforms would lead to the development of ever powerful Web applications platform enabling a broad base of customers to switch their applications on the Internet

The fiscal stakes entail, Sun paying “approximately $800 million in cash in exchange for all MySQL stock and assume approximately $200 million in options.” The deal is expected to materialize by late Q3 or early Q4 of Sun’s financial year, 2008.

A media conference call would be held January 16, 2008 at 10:00 am EST, 7:00 am PST. You can access the call here.

In case you’re unable to catch the live conference call, you can catch the telephone replay up to one week after the call by dialing (888) 566-0103 or outside of the U.S. by dialing (402) 998-0958. No passcode is needed.

Via: Sun News: Sun Microsystems Inc.

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