MySQL, the most popular open source database will be soon acquired by Sun Microsystems and brisk up Sun growth strategy in Billion db market.
In SANTA CLARA, this week Sun Microsystems, Inc. (NASDAQ:JAVA) declared about its explicit agreement to acquire MySQL AB, open source icon and developers of one of the world’s fastest growing open source database.
Acquisition of MySQL by Sun Microsystems will augment Sun’s stand in the global IT market as will include $15 billion database market. Sun is declared to be the largest contributor in the commercial open source market and pioneer web economy platform provider.
With SMO i.e. social media optimization, expanding social networks, sprouting new social communities, increasing number of user driven social communities and their integration has really helped web technology to grow rapidly and move ahead from web 2.0 to web 3.0 and now to semantic web and Latent Semantic Analysis (LSI Indexing). With slew of web deployments globally, aficionados of Facebook, Stumbleupon, Twitter, orkut, Chinal Mobile, LinkedIn, Baidu,
With millions of global deployments including Facebook, Google, Nokia, Baidu and China Mobile, MySQL will synergies to Sun. This will transform the software industry landscape by driving new adoption of MySQL's open source database in more traditional applications and enterprises. The acquisition by Sun and then integration with Sun will intensify MySQL commercial appeal that it has been offering to IT sector and also ameliorate its value proposition with the addition of Sun's global services organization. Also, MySQL will find a new distribution channel through Sun's channels including its OEM relationships with Intel, IBM and Dell.
Sun’s MySQL acquisition reaffirms Sun’s global web economy position. Talking about the growth plan, we find a very firm base to support as acquiring MySQL amplifies investment in technologies manifolds. Supporting our overall growth plan, acquiring MySQL amplifies our investments in the technologies demanded by those driving extreme growth and efficiency, from Internet media titans to the world's largest traditional enterprises," said Jonathan Schwartz, CEO and president, Sun Microsystems. "MySQL's employees and culture, along with its near ubiquity across the Web, make it an ideal fit with Sun's open approach to network innovation. And most importantly, this announcement boosts our investments into the communities at the heart of innovation on the Internet and of enterprises that rely on technology as a competitive weapon."
MySQL's open source database because of its flexibility, inter-operability is successfully and widely deployed across all major operating systems, applications, myriad industries, slew of hardware vendors. The complementary product line-ups will extend MySQL's database reach and are expected to bring new markets for Sun's systems, virtualization, middleware and storage platforms.
"The combination of MySQL and Sun represents an enormous opportunity for users and organizations of all sizes seeking innovation, growth and choice," said Marten Mickos, CEO, MySQL. "Sun's culture and business model complements MySQL's own by sharing the same ideals that we have had since our foundation -- software freedom, online innovation and community and partner participation. We are tremendously excited to work with Sun and the millions of members of the MySQL open source ecosystem to continue to deliver the best database for powering the modern Web economy."
MySQL's open source database is the "M" in LAMP - the software platform comprised of Linux, Apache, MySQL and PHP/Perl often viewed as the foundation of the Internet. Sun is committed to enhancing and optimizing the LAMP stack on GNU/Linux and Microsoft Windows along with OpenSolaris and MAC OS X. The database from MySQL, OpenSolaris and GlassFish, together with Sun's Java platform and NetBeans communities, will create a powerful Web application platform across a wide range of customers shifting their applications to the Web.
More than 100 million copies of MySQL's high-performance open source database software have been downloaded and distributed and an additional 50,000 copies are downloaded daily. This broad penetration coupled with MySQL's strength in Web 2.0, Software as a Service (SaaS), enterprise, telecom and the OEM embedded market make it an important fit for Sun. With MySQL, Sun will have the ability to deepen its existing customer relationships and create new opportunities with companies seeking the flexibility and ease-of-use of open source systems.
Following completion of the proposed transaction, MySQL will be integrated into Sun's Software, Sales and Service organizations and the company's CEO, Marten Mickos, will be joining Sun's senior executive leadership team. In the interim, a joint team with representatives from both companies will develop integration plans that build upon the technical, product and cultural synergies and the best business and product development practices of both companies. MySQL is headquartered in Cupertino, CA and Uppsala, Sweden and has 400 employees in 25 countries.
As part of the transaction, Sun will pay approximately $800 million in cash in exchange for all MySQL stock and assume approximately $200 million in options. The transaction is expected to close in late Q3 or early Q4 of Sun's fiscal 2008. Completion of the transaction is subject to regulatory approval and other customary closing conditions. The deal is expected to be accretive to FY10 operating income on a GAAP basis.
The management teams of both companies will host a media and analyst conference call today at 10:00 am EST, 7:00 am PST. The call can be accessed at http://www.sun.com/investors. For those unable to listen to the live conference call, a telephone replay will be available for one week following the call by dialing (888) 566-0103 or outside of the U.S. by dialing (402) 998-0958. No passcode is required to access the replay.
About MySQL
MySQL AB develops and supports a family of high-performance, affordable database products. The company's flagship offering is 'MySQL Enterprise', a comprehensive set of production-tested software, proactive monitoring tools, and premium support services. MySQL is the world's most popular open source database software. Many of the world's largest and fastest-growing organizations use MySQL to save time and money powering their high-volume Web sites, business-critical systems and packaged software -- including industry leaders such as Yahoo!, Alcatel-Lucent, Google, Nokia, YouTube and Booking.com. With headquarters in the United States and Sweden -- and operations around the world -- MySQL AB supports both open source values and corporate customers' needs. For more information about MySQL, please visit www.mysql.com.
About Sun Microsystems, Inc.
Sun Microsystems develops the technologies that power the global marketplace. Guided by a singular vision -- "The Network is the Computer" -- Sun drives network participation through shared innovation, community development and open source leadership. Sun can be found in more than 100 countries and on the Web at http://sun.com.
MySQL and the MySQL logo are registered trademarks of MySBL AB in the United States, the European Union and other countries.
Sun, Sun Microsystems, the Sun logo, OpenSolaris, GlassFish, Java, Netbeans and The Network is the Computer are registered trademarks of Sun Microsystems in the United States and other countries.
This Sun Microsystems PR contains forward-looking statements that involve risks and uncertainties. These forward-looking statements include statements regarding the expected benefits resulting from the acquisition, Sun's strategy and commitments, Sun's integration plans for the acquisition, the expected timing for closing the acquisition and the impact on Sun's financials of the acquisition. Such statements are just predictions and involve risks and uncertainties such that actual results and performance may differ materially. Factors that might cause such differences include the failure to (1) receive regulatory approval, (2) successfully integrate MySQL and its employees into Sun and achieve expected synergies, (3) accurately forecast the acquisition-related restructuring costs and allocation of the purchase price to in-process research and development, goodwill and other intangibles acquisition related inventory and other asset adjustments, as well as the impact of equity-based compensation expense associated with FAS 123R, (4) compete successfully in this highly competitive and rapidly changing marketplace, and (5) retain key employees. These and other risks are detailed from time to time in Sun's periodic reports that are filed with the Securities and Exchange Commission, including Sun's annual report on Form 10-K for the fiscal year ended June 30, 2007 and its quarterly report on Form 10-Q for the fiscal quarter ended September 30, 2007. Sun assumes no obligation to, and does not currently intend to, update these forward-looking statements.
Source: Sun Microsystems Announces Agreement to Acquire MySQL
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