Monday, July 30, 2012

Oracle Acquires Xsigo

Redwood Shores-based Oracle said this morning that it has acquired Xsigo Systems, a developer of network virtualization technology. Financial details of the acquisition were not announced. Oracle said the buy will help bolsters its virtualization capabilities for cloud environments. Xsigo was venture backed by Greylock Partners, Khosla Ventures, Kleiner Perkins Caufield and Byers, and North Bridge Venture Partners.