MySQL acquired by Sun for USD 1bn

Sun Microsystems has agreed to buy MySQL, a Swedish company, for USD 1 bn, giving it a foothold in one of the most lucrative technology segments - database software, against some of the biggest software companies around - Microsoft, IBM, Oracle.

With the acquisition of the most popular open source database solution, Sun Microsystems will be able to offer an all in one solution comprising of hardware, software and services.

According to Sun Microsystems' Chief Executive Jonathan Schwartz (Via Forbes), "MySQL is growing extremely fast, even becoming a market leader in open-source database software, especially among Web-based companies, where it holds close to 80.0% of the global market."

MySQL customers include household names like Google and lesser known brands like the Chicago Mercantile Exchange; most of which though do not buy the software (99 percent) but merely uses it for free.

MySQL makes its money out of maintenance contracts.

More than 50,000 MySQL copies are downloaded every day and the open source database has a user base of around 100 million installations

Furthermore, thanks to the popularity of Linux, many distributions come with the AMP stack which includes MySQL by default.