Redwood Shores, CA, U.S.A. --- (METERING.COM) --- February 1, 2010 - Oracle has announced that it has completed its acquisition of Sun Microsystems and Sun is now a wholly owned subsidiary of Oracle.

In a joint statement the two companies say that the combination transforms the IT industry. With the addition of servers, storage, SPARC processors, the Solaris operating system, Java, and the MySQL database to Oracle’s portfolio of database, middleware, and business and industry applications, the company plans to engineer and deliver open and integrated systems – from applications to disk – where all the pieces fit and work together out of the box.

With Sun as a part of Oracle, each layer of the stack will be engineered to further improve performance, reliability and manageability so that IT will be more predictable, more supportable, and more secure. Customers will benefit as their system performance goes up and their system integration and management costs go down.

In addition, the open standards-based technology will give customers choice. Customers can purchase fully integrated systems, or easily integrate best-of-breed technologies with their existing environments. The open technology also enables customers to take full advantage of third party innovations. Oracle also plans to extend its partner specialization program to include Sun technologies to better enable partners to deliver differentiated and value-added solutions to customers.

Oracle also plans to enhance Sun customer support by improving support access, offering better interoperability support between Oracle and Sun products and delivering services in more local languages.

“We are very excited about this combination and look forward to delivering increased innovation through accelerated investment in Sun’s hardware and software technologies such as SPARC, Solaris, Java, and MySQL,” said the company’s presidents, Charles Philips and Safra Catz in a joint statement.