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Oracle to Buy Virtual Iron

Oracle (NASDAQ:ORCL), the Redwood Shores, CA-based technology giant, says this morning that it has agreed to buy Virtual Iron Software, headquartered in Lowell, MA, to boost its presence in the market for server virtualization software. The transaction is expected to close this summer, according to Oracle, which did not disclose financial terms of the deal. Virtual Iron is a privately held company backed by venture groups such as Highland Capital Partners, Matrix Partners, Goldman Sachs, Intel Capital, and SAP Ventures. [Update 2:00 p.m. May 13, 2009: We've just published a longer report about the Virtual Iron acquisition.]

Ryan McBride is Xconomy's correspondent. You can reach him at rmcbride@xconomy.com, or follow him on Twitter at http://twitter.com/Ryan_McBride.

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