Oracle buys BEA Systems

The company announced that Oracle has agreed to buy software producer binder for about $ 8.5 billion, or $ 19375 per share.
In October BEA board of directors rejected the proposal for Oracle to pay $ 17 per share BEA, saying that it was "a significant underestimation of the company". Oracle, for its part, dismissed the BEA price of $ 21 per share as "incredibly high". However, on Wednesday the company arranged.
"This is an extremely important step towards our goal to become the preferred provider of strategic corporate software - said the general director of Oracle Larry Ellison. -- Merger with BEA makes us what we should be… provider of the entire range of software for most sectors and in most regions of the world. Both companies have numerous suggestions on the binder, but the family of products BEA has staggering complementarity ". According to him, the transaction will enhance business binder on Oracle, and eventually lead to the creation of "a leading platform for the implementation and management of enterprise applications."
Chairman of the board and general director of BEA Alfred Chuang promised that in the coming months, leaders of the two companies will develop a comprehensive integration plan. "We understand that the success of this operation is important is smooth and rapid integration" - he said.
According to Forrester Research analyst James Kobilusa, "is a useful acquisition for Oracle and for BEA": "BEA took a strong position in certain areas, such as processing of complex events. This is a powerful platform for business systems analysis real time. On the other hand, Oracle is very strong in the area of data storage and retrieval technology, data transformation and loading (ETL), while BEA is a powerful data integration platform AquaLogic. We also have Oracle data integration platform, but BEA powerful platform ".
Ellison promised that Oracle would actively support products BEA, and Kobilus believes that it can trust: "In the past, Oracle well with the acquisition of major brands, including them in its portfolio binder on Fusion and allowing to grow further. Take, for example, Hyperion. Many said that the Oracle system eliminates Hyperion business analysis, but this has not happened and I think that will not happen. "
Companies expect to complete the transaction by mid-year, subject to approval by regulators and shareholders BEA.