BEA Systems
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Categories: Companies listed on NASDAQ | Companies in the NASDAQ-100 Index | BEA Systems | Companies based in San Jose, California
BEA Systems, Inc. (NASDAQ: BEAS) is one of the major companies developing enterprise infrastructure software. BEA makes middleware, products that help software run on top of databases. Founded in 1995, BEA has specialized in the enterprise infrastructure software market throughout its 12 year history, and currently has 78 offices in 37 countries. BEA is headquartered in San Jose, California. On January 16 2008, Oracle Corporation announced it was purchasing BEA Systems.[2] The company's name is an acronym based on the first names of the company's three founders: Bill Coleman, Ed Scott and Alfred Chuang. Alfred Chuang is still with the company, acting as the chairman and CEO.
HistoryBill Coleman, Ed Scott and Alfred Chuang, all former employees of Sun Microsystems, launched the business in 1995 by acquiring Information Management and Independence Technologies. These firms were the largest resellers of Tuxedo, a distributed transaction management system sold by Novell. They soon acquired the Tuxedo product itself. BEA went on to acquire other middleware companies and products, including ObjectBroker and NCR's Top End product. In 1998, BEA acquired the San Francisco start-up WebLogic, which was among the first to implement Sun Microsystems' J2EE specification. WebLogic's re-branded server formed the basis of BEA's WebLogic application server sold today. In 2005, Lexdon Business Library reported BEA's announcement of a new brand identity and their new slogan "Think Liquid." BEA also announced a new product line called AquaLogic, which is an infrastructure software family for Service Oriented Architecture. On November 3, 2005 BEA Systems announced the acquisition of SolarMetric, editors of the Kodo persistence engine. The acquisitions continued in 2006 with Plumtree Software, an enterprise portal company, Fuego, a business process management (BPM) software company, and Flashline, a metadata repository company. These acquisitions have since become parts of the AquaLogic SOA product stack. On October 12, 2007, Oracle announced their intent to buy BEA Systems for $6.7 billion.[3] As a result of the offer, BEA's stock price rose over five dollars upon the opening of trading for the day.[4] BEA turned the offer down the same day, saying that the company is "worth substantially more".[5] On January 16, 2008 Oracle signed a definite agreement to buy BEA for $8.5 billion. It is believed that Carl Icahn, one of the company's most prominent shareholders, was the main reason that the deal happened.[6] Financial resultsOn the 22 February 2007 BEA Systems closed out its fiscal year with $1.4bn in revenues, 17% higher than the previous year. And it came out of the year with $1.2bn in cash, retiring over $250m in convertible debt. ProductsBEA has three major product lines,
BEA started out with the Tuxedo software product, but currently the products they are best known for in the computer industry are the BEA WebLogic product family, which consists of WebLogic Server, WebLogic Workshop, WebLogic Portal, WebLogic Integration and JRockit. In 2005, BEA launched a new product family called AquaLogic for service-oriented architecture deployment. They have also entered the telecommunications field with their WebLogic Communications Platform, which includes WebLogic SIP Server and WebLogic Network Gatekeeper. BEA also has a product offering for the RFID market called the BEA WebLogic RFID Product Family. AquaLogicAquaLogic is a software suite from BEA Systems for managing service-oriented architecture (SOA). It includes following products:
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