Sun Microsystems will acquire software company MySQL for $1 billion, the companies said.
Update: Sun to acquire MySQL for $1B
Deal will boost Sun’s presence in enterprise market, Sun says
Jeremy KirkJanuary 16, 2008 (IDG News Service) — Sun Microsystems Inc. will pay $1 billion for Swedish software company MySQL AB, whose open-source database is used for some of the most widely visited Web sites in the world, the company announced today.Sun said the deal will augment its position in the enterprise IT market, including the $15 billion database market.
MySQL’s strength in software-as-a-service offerings — where applications are delivered over the Internet through a Web browser — are also a plus, Sun said.
Databases are crucial for Internet-based applications in sites offering a range of services, from e-commerce to social networking.Sun will pay $800 million in cash and $200 million in options.
Sun’s acquisition ends speculation that MySQL might become a public company.
MySQL has become a formidable competitor to other relational database management systems from companies such as Oracle and IBM. The database itself is free for people to download, and MySQL makes money by offering subscription support packages.