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Dear Oracle Customer,
On June 29, 2011, Oracle announced that it has agreed to acquire Pillar Data Systems, a leading provider of innovative SAN Block I/O storage systems. The proposed transaction is subject to customary closing conditions and is expected to close in July 2011. Until the transaction closes, each company will continue to operate independently, and it is business as usual.
Pillar's advanced SAN storage technology with leading Quality of Service provides customers with superior performance, an easy-to-use interface and a scalable architecture. Nearly 600 customers running 1,500 systems store their mission-critical data on Pillar. Pillar storage products are extremely efficient with 80% utilization at performance, approximately twice the industry average.
The combination of Oracle and Pillar's products are expected to help Oracle deliver to customers a complete line of storage products that runs Oracle software faster and more efficiently than traditional storage products. Customers can optimize the value of their Oracle applications, database, middleware and operating system software by running on Oracle's storage solutions.
Oracle President, Mark Hurd and I will be hosting an Oracle Storage Strategy Update on June 30, 2011. Register at www.oracle.com/storage for the live event and Webcast to learn more about how Oracle is redefining storage. More information about the proposed combination of Pillar and Oracle can be found at www.oracle.com/pillardata.
We appreciate your continued support.
Executive Vice President
Cautionary Statement Regarding Forward-Looking Statements
This document contains certain forward-looking statements about Oracle and Pillar Data, including statements that involve risks and uncertainties concerning: Oracle's proposed acquisition of Pillar Data; anticipated product information and strategy; advantages and benefits of the acquisition to customers, partners and others in the industry; and general business outlook. When used in this document, the words "will", "believes", "intends", "expects", similar expressions and any other statements that are not historical facts are intended to identify those assertions as forward-looking statements. Any such statement may be influenced by a variety of factors, many of which are beyond the control of Oracle or Pillar Data, that could cause actual outcomes and results to be materially different from those expressed or implied in this document due to a number of risks and uncertainties. Potential risks and uncertainties include, among others: the possibility that the transaction will not close or that the closing may be delayed; the anticipated synergies and benefits of the combined companies may not be achieved after closing; the combined operations may not be successfully integrated in a timely manner, if at all; the possibility of litigation related to the acquisition; and the possibility that Oracle or Pillar Data may be adversely affected by other economic, business, and/or competitive factors. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of Oracle or Pillar Data.
In addition, please refer to the documents that Oracle files with the U.S. Securities and Exchange Commission which identify and address other important factors that could cause Oracle's expectations, plans and results to differ materially from those contained in the forward-looking statements set forth in this document. You are cautioned to not place undue reliance on forward-looking statements, which speak only as of the date of this document. Neither Oracle nor Pillar Data is under any duty to update any of the information in this document.
This document is for informational purposes only and may not be incorporated into a contract or agreement.
Oracle is currently reviewing the existing Pillar Data product roadmap and will be providing guidance to customers in accordance with Oracle's standard product communication policies. Any resulting features and timing of release of such features as determined by Oracle's review of Pillar Data's product roadmap are at the sole discretion of Oracle.
All product roadmap information, whether communicated by Pillar Data or by Oracle, does not represent a commitment to deliver any material, code, or functionality, and should not be relied upon in making a purchasing decision. It is intended for information purposes only, and may not be incorporated into any contract.