BEA Systems, Inc. (NASDAQ: BEAS), a world leader in infrastructure software, announced recently that it has closed its acquisition of Plumtree Software, Inc. (NASDAQ: PLUM), the provider of enterprise portal solutions to connect disparate work groups, IT systems and business processes. By combining the Plumtree and BEA portal portfolios, BEA will be able to better provide customers with improved enterprise productivity by offering both collaborative and transactional portals across multiple platforms and application servers.
This acquisition will lead BEA to provide the most open and comprehensive solutions for empowering customers to leverage portal technologies as part of their Service-Oriented Architecture (SOA) while being free to choose how best to mix-and-match applications servers, operating systems, development environments and programming languages to meet their business need.
“The portal is becoming the point of integration in the enterprise,” said Diyaa Zebian, General Manager, Middle East & Egypt, eSolutions BEA. “Customers in the Middle East will benefit from the powerful combination of BEA as the leader in portal, application and service infrastructure, and Plumtree, as the leader in portal and collaboration software. The acquisition of the Plumtree portfolio will make BEA the leading provider of the most open, extensible and standards-based J2EE, .Net and Service-Oriented platform in the industry.”
For approximately US$ 204 million, BEA acquired all of the outstanding common stock and vested options of Plumtree in exchange for US$ 5.50 per share in cash for the outstanding common shares and US$ 5.50 per share less the exercise price for the vested options. In addition, all outstanding unvested options to purchase Plumtree common stock were automatically converted into options to purchase approximately 1.8 million shares of BEA common stock.
The acquisition was approved by the Plumtree’s stockholders. Effective immediately, Plumtree will become a key part of BEA and the Plumtree ticker symbol, PLUM, will be removed from NASDAQ listing. As part of the close of the transaction, Plumtree is a new BEA product unit.
“Customers are seeking cross-platform connectivity and productivity technologies to help them collaborate and build their service-oriented architecture solutions,” said Zebian. “Today, BEA can provide the most complete portal portfolio for all composite application and portal enterprise requirements.”
BEA Systems, Inc. (Nasdaq: BEAS) is the world's leading application infrastructure software company, providing the enterprise software foundation for 14,000 customers around the world, including the majority of the Fortune Global 500. BEA and its WebLogic® brand are among the most trusted names in business. Headquartered in San Jose, Calif., BEA has 81 offices in 34 countries and is on the web at www.bea.com. For local inquiries, eSolutions BEA can be contacted on e-mail sales.info@bea.ae, Tel: +9714 391 2992 and Fax: +9714 391 2991 and further information can be obtained from its website www.bea.ae
