Oracle snaps up Xsigo, continues spending spree

Oracle continues to buy, buy, buy as it snaps up network virtualization firm Xsigo Systems, the sixth firm in as many months.

Oracle is making a pitch to buy Xsigo Systems, as it continues to add products and services to its already burgeoning array of enterprise products. 

Network virtualization firm Xsigo allows large enterprise companies to dynamically connect servers to any network and storage units with its software networking technology, which not only reduces the hassle and headaches for IT staff, but boosts network speed while reducing infrastructure costs. 

Customers on Xsigo's rosters includes eBay, VMware, -- as well as Verizon, the U.S.' largest mobile network provider -- and BT, the U.K.'s largest telecoms and broadband provider. In fact, the customer list reads like a who's who of Silicon Valley insiders. 

"Xsigo complements Oracle's software, server, storage, and network product portfolio," the database giant said in a statement.

San Jose, CA-based Xsigo will mark Oracle's sixth acquisition this year, after high profile purchases including social enterprise firms Collective Intellect and Vitrue. The deal is expected to go through in the fall, subject to closing conditions. Regulatory approvals must also be met. Because the company has a U.K. base, one can bet a dollar or five that European regulators will wedge their oar in.

The terms of the deal were not disclosed. Oracle did say that the two companies will continue to operate independently and it is "business as usual."

Whether or not the company is absorbed or spun into an Oracle-owned third-party company like Motorola Mobility to its parent Google remains unclear. It'll likely be integrated into the Oracle stack in a bid to "deliver the most complete set of virtualization capabilities for cloud environments," however.

Image credit: Oracle.