Oracle Makes BEA Proposal

By Sara Driscoll  |  Posted 2007-10-12 Email Print this article Print
 
 
 
 
 
 
 

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The database giant makes an offer to acquire the middleware vendor.

Oracle has announced its intention to acquire BEA Systems in a letter of proposal to the Board of Directors of BEA.

The deal is a suggested $17 per share in cash, which is a 25 percent premium over Oct. 11's closing price of $13.62.

"We have made a serious proposal including a substantial premium for BEA," said Oracle President Charles Phillips in the letter. "We believe our all-cash offer provides the best value for BEA's shareholders and the best home for BEA's employees and customers. This proposal is the culmination of repeated conversations with BEA's management over the last several years. We look forward to completing a friendly transaction as soon as possible."

Phillips said Oracle will protect customer investment in BEA's products by "supporting those customers and products for years to come." He cited Oracle's support of PeopleSoft and Siebel following their acquisition by Oracle.

He continued in the statement, "The acquisition of BEA by Oracle will enable an increase in engineering resources that will in turn accelerate the development of our world-class suite of middleware. Both Oracle and BEA customers will benefit from this increase in engineering investment as they migrate to modern SOA technologies."

Greg Carlow, managing director of United Kingdom-based Oracle VAR Repton, said it would be a good move for Oracle. "This gives Oracle a play in the enterprise control software space, and could lay out a battlefield with IBM and its Tivoli software and HP with its OpenView technology.

"If the software controls the enterprise, it doesn't matter where the tin is from, so BEA was a logical play for Oracle. This is an indication that Oracle will be competing in the longer-term battles."

He said from a channel perspective, it would be a wait-and-see scenario. "It will be interesting to see if Oracle unites the two channels and what the joint technology outcome for the channel sell will be."

 
 
 
 
Sara Driscoll began her journalism career at 16 years old on her local newspaper, The Watford Observer. Working part time, she covered a range of beats. Leaving to complete her Journalism Degree at Bournemouth University, UK, Sara then went on to graduate and work for Emap. She began as a reporter on APR, Emap's construction title, being promoted to senior reporter with a year.Sara then joined VNU Business Publications as Deputy News Editor on CRN, the weekly trade title for channel players. She covered industry/business news from vendors, distributors and resellers, product announcements, partner announcements as well as market and trend analysis, research and in depth articles to predict up and coming trends in the sector. She was promoted within a year to News Editor, a year later to Deputy Editor and the following year became Editor. Sara remained editor of CRN for three years, launching the magazine on new platforms including CRN TV and eBooks, as well as several magazine and web site redesigns. She was called on for expert industry comment from various publications including appearing on live BBC news programs. Sara joined Ziff Davis Enterprise as Editor of eWeek Channel Insider. She runs the title in all formats – online up to the minute news, newsletters, emails alerts and events. She also manages the brand of Channel Insider in all formats - events, shows, awards, panel debates and roundtables.Sara can be reached at:sara.driscoll@ziffdavisenterprise.com
 
 
 
 
 
























 
 
 
 
 
 

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