Oracle buys Bea Systems and Captovation
Oracle recently announced two acquisitions on the same day, with software vendor Bea Systems and document digitization specialists Captovation soon joining the database specialists.
Oracle will buy all outstanding shares in Bea at a price of US$ 19.375 per share, amounting to a total of some US$ 8.5 billion. Since Bea has cash on hand amounting to US$ 1.3 billion, the net purchase price would be around US$ 7.2 billion, reported Oracle. The takeover of Bea should be completed by mid-2008. No financial details are available concerning the acquisition of document capture specialist Captovation, which was announced at the same time, and should be completed during February 2008.
Oracle’s reasoning for the acquisition of Bea is to access the company’s expertise in the area of Service-oriented architecture (SOA). Oracle cited the example of the future coupling of Bea’s Weblogic Java Server and Oracle’s Fusion middleware. The Captovation products for document capture and document management are of interest for Oracle’s Enterprise Content Management (ECM). Oracle Senior Vice President for Server Technologies, Thomas Kurian, stated that this purchase means his company is the only vendor that can provide customers with a fully integrated solution for automating back office operations.
The database specialist publishes announcements of its strategic acquisitions on a dedicated page.
Issue 269/2023
Buy this issue as a PDF
Subscribe to our Linux Newsletters
Find Linux and Open Source Jobs
Subscribe to our ADMIN Newsletters
Find SysAdmin Jobs
News
-
Kubuntu Focus Announces XE Gen 2 Linux Laptop
Another Kubuntu-based laptop has arrived to be your next ultra-portable powerhouse with a Linux heart.
-
MNT Seeks Financial Backing for New Seven-Inch Linux Laptop
MNT Pocket Reform is a tiny laptop that is modular, upgradable, recyclable, reusable, and ships with Debian Linux.
-
Ubuntu Flatpak Remix Adds Flatpak Support Preinstalled
If you're looking for a version of Ubuntu that includes Flatpak support out of the box, there's one clear option.
-
Gnome 44 Release Candidate Now Available
The Gnome 44 release candidate has officially arrived and adds a few changes into the mix.
-
Flathub Vying to Become the Standard Linux App Store
If the Flathub team has any say in the matter, their product will become the default tool for installing Linux apps in 2023.
-
Debian 12 to Ship with KDE Plasma 5.27
The Debian development team has shifted to the latest version of KDE for their testing branch.
-
Planet Computers Launches ARM-based Linux Desktop PCs
The firm that originally released a line of mobile keyboards has taken a different direction and has developed a new line of out-of-the-box mini Linux desktop computers.
-
Ubuntu No Longer Shipping with Flatpak
In a move that probably won’t come as a shock to many, Ubuntu and all of its official spins will no longer ship with Flatpak installed.
-
openSUSE Leap 15.5 Beta Now Available
The final version of the Leap 15 series of openSUSE is available for beta testing and offers only new software versions.
-
Linux Kernel 6.2 Released with New Hardware Support
Find out what's new in the most recent release from Linus Torvalds and the Linux kernel team.