BEA acquires Fuego
In a move squarely aimed at continued market leadership in the explosive SOA software market, BEA Systems said yesterday that it has acquired Fuego, a leader in the business process management software.
BEA specializes in providing SOA solutions to help companies orchestrate and continuously improve business processes among people, apps and organizations. The Fuego portfolio will become part of the BEA AquaLogic product family and will serve as the foundation of the new AquaLogic Business Service Interaction product line, BEA said in a prepared statement.
The transaction has already closed for a purchase price of approximately $87.5 million in cash, plus amounts for some retention and performance bonuses.
The business process management software market is one of the fastest-growing segments within infrastructure software and is estimated to top $1 billion dollars by 2008, BEA says.