Business

Mass. Movers

Oracle will acquire Acme Packet for $2b

Mark Hurd is president of Oracle, based in California.
AFP/Getty IMages
Mark Hurd is president of Oracle, based in California.
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Oracle will buy Acme Packet Inc., a Bedford company that makes equipment for telecommunications companies, for about $2.1 billion. Acme’s gear is used by more than 1,900 service providers and enterprises around the world. Its technology will complement Oracle’s ­offerings for telecom providers. Oracle, a database software maker, will pay $29.25 per share for Acme. Acme’s board approved the acquisition, but it is still subject to shareholder and regulatory approval.