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Oracle Corp. (Nasdaq: ORCL) said today it has agreed to acquire Virtual Iron Software Inc. for undisclosed terms. The deal is expected to close this summer, according to a press release issued by Oracle today.
The Lowell-based maker of server virtualization software for small- and medium-size businesses was founded in 2003 and has received $65 million in venture funding from a list of backers including Highland Capital Partners, Matrix Partners, Goldman Sachs Group Inc., Intel Capital and SAP Ventures. The company’s last round was a $20 million funding closed in January of 2008. At the time, the company had 80 employees.
Virtual Iron’s software will be combined with the Oracle VM server virtualization product, a move designed to achieve better resource management across the software stack, Oracle’s press release stated.
In February, Redwood Shores, Calif.-based Oracle acquired mValent Inc., a Waltham-based maker of application configuration management software, for terms that were not disclosed. More recently, Oracle acquired Sun Microsystems Inc. for $7.4 billion. Sun employed about 2,000 workers in Massachusetts.
Virtual Iron executives declined to comment. A company spokeswoman referred questions to Oracle. An Oracle spokeswoman declined to comment.
Highland partner Sean Dalton, who invested in the company, also could not be reached.
A spokeswoman for SAP AG, which runs SAP Ventures as a corporate VC arm, declined to comment.
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