Oracle has reached an agreement to acquire Pillar Data Systems, a California, US-based storage start up, majority controlled by Oracle CEO Larry Ellison.
The acquisition is expected to help Oracle deliver a complete line of storage products that runs Oracle software faster and more efficiently.
Pillar provides Data SAN Block I/O storage systems that Oracle needs to complement its storage portfolio.
Oracle executive vice president of systems John Fowler said the acquisition of Pillar Data Systems provides Oracle with a compelling SAN storage architecture that complements its core strengths.
Further, customers can optimise the value of their Oracle applications, database, middleware and operating system software by running on Oracle’s storage solutions, the company said.
Under the deal, Oracle will not make any up-front payments, but will enter into an earn-out agreement.
Oracle said the transaction was led by an independent committee of its board of directors.
The deal is expected to close next month and is not expected to be material to the company’s results or financial position.
