Sun acquires MySQL; Adds to its software stack

Posted on January 28, 2008 

Sun acquires MySQL; Adds to its software stack

Sun Microsystems is taking the plunge into the database market with the purchase of open source database developer MySQL for $1 billion ($800 million in cash in exchange for all MySQL stock and assumption of approximately $200 million in options).

With the move, announced Wednesday, Sun takes a big leap into the $15 billion database market and pits it against the likes of Microsoft, IBM and Oracle. MySQL (all resources) also gives Sun entry to some customers that may be interested in buying more equipment and software. MySQL counts Facebook, Google, Nokia and Baidu as customers.

During a conference call this morning Sun and MySQL executives sang kumbaya. On the call, Sun CEO Jonathan Schwartz called the MySQL deal the “most important acquisition in history of company” and added that the database firm will have “a central role” as Sun rolls out its central role as rolls out its open source strategy. Sun is in the process rolling up a complete open source stack, becoming the largest open source organization of world.

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