Oracle Buys GoAhead

Oracle is buying GoAhead, a maker of packaged service availability software for the communications industry. GoAhead has reportedly raised more than $40 million in venture capital from investors including Columbia Capital, Cedar Grove Investments, Intel Capital and Voyager Capital. Terms of the acquisition were not released. The deal is expected to close before the end of the year.

PRESS RELEASE
Oracle today announced that it has entered into an agreement to acquire GoAhead Software, a pioneer in the development and delivery of packaged service availability software for the communications industry.
The combination is expected to benefit network equipment providers (NEPs) by providing a more comprehensive and integrated offering that delivers service availability across telecom solutions.
Service availability delivers the highest level of service up-time and is required for real-time network applications that are in the call path of communication services.
GoAhead, a privately held company based in Bellevue Washington, provides carrier-grade software that speeds the time to market and reduces the cost and risk of carrier-grade services that need to be always available.
The transaction is subject to customary closing conditions and is expected to close before the end of 2011. Until the deal closes, each company will continue to operate independently.
Supporting Quotes
“NEPs are moving to a standardized software and hardware platform that can deliver and manage highly available services,” said Nigel Ball, Vice President, Oracle Communications Industry Solutions. “GoAhead software is the leading commercially-available solution that is compliant with Service Availability Forum specifications, the most widely adopted standard for service availability software. The addition of GoAhead technology will help us deliver a comprehensive, standards-based, carrier-grade platform that supports the delivery of new services in the call path of the network.”
“With over 100,000 deployments of GoAhead software by leading NEPs, GoAhead brings significant domain knowledge and engineering strength, coupled with a strong track record of delivering solutions to global network equipment providers,” said Asif Naseem, President and COO, GoAhead Software.

Related Posts

1 Comment

Leave a Reply

PEHUB Community

Join the 12501 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

PE HUB News Briefs

RSS Feed Widget

Marketplace

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget