Oracle came to an agreement to buy BEA systems for $8.5 billion. The middleware vendor declined the offer of $6.5 billion three months back.
Oracle hopes that BEA is going to improve its middleware suite, Fusion.
That middleware is key to helping customers migrate their systems to a services-oriented architecture (SOA), CEO Larry Ellison said.
With Fusion already able to link to BEA’s WebLogic Java application server, the deal is likely to speed Oracle’s adoption of Java-based middleware, the company said.
Oracle and BEA had difference before in terms of pricing of share. But on Wednesday the companies split the difference, and BEA’s board announced it had unanimously approved Oracle’s latest offer of $19.375 in cash per BEA share.
The companies expect to close the deal by mid-year, subject to the approval of regulators and BEA shareholders.
Source: Network WorldFiled under Enterprise Software | Tags: BEA, Java, Middleware, Oracle, SOA | Comment Below