Sun Microsystems acquires MySQL

US computer group Sun Microsystems said Wednesday it had acquired Swedish open source database manager MySQL for $1 billion ($680 million).

The deal is expected to be completed later this year.

“MySQL’s employees and culture, along with its near ubiquity across the Web, make it an ideal fit with Sun’s open approach to network innovation. And most importantly, this announcement boosts our investments into the communities at the heart of innovation on the Internet and of enterprises that rely on technology as a competitive weapon,” said Sun Microsystems CEO Jonathan Schwartz in a statement.