Feeds

Sun tries to SeeBeyond hardware with $387m buy

Gets its EAI on

  • alert
  • submit to reddit

Providing a secure and efficient Helpdesk

Sun Microsystems finally made the big software acquisition everyone was looking for when it purchased SeeBeyond for $387m in cash this morning.

The move means Sun has finally grabbed an established enterprise software maker. SeeBeyond specializes in the elusive enterprise application integration (EAI) market - a category full of software that helps link other business software packages together to present a more cohesive picture of information to customers. Sun will cough up $4.25 per share to SeeBeyond shareholders should the acquisition close as expected in the "early Fall."

"Sun is well positioned to partner with systems integrators worldwide in serving the global market," said Sun CEO Scott McNealy. "Both they and our mutual customers are increasingly focused not only on the world of web services, but the secure integration of those business processes through service oriented architectures (SOA). This acquisition strengthens our software portfolio and opens new growth and partnering opportunities worldwide."

Sun earlier this month shelled out $4bn for StorageTek - a veteran hardware player. That deal surprised some pundits who expected the majority of Sun's then $7bn cash stockpile to go toward higher growth software companies. Producing software revenue has long been a trouble spot for Sun, despite its branding success with Java and Solaris.

"It's starting to become a habit here," McNealy said, during a conference call, referring to the pace of Sun's large acquisitions.

SeeBeyond lays claim to more than 2,000 customers worldwide and has been going at the software market for 15 years.

"The products, services and solutions currently offered by Sun and SeeBeyond are complementary with little overlap," Sun said. "SeeBeyond's Integrated Composite Application Network (ICAN) Suite is a highly-integrated suite, bringing back-office integration, B2B integration, ETL Master Data Management, Business Process Management, Workflow, Business Activity Monitoring, Application Adapters, and a suite of graphical development tools for composite application creation based on web services."

These products join software such as Sun's application server, web server, identity server and portal product. The SeeBeyond code will become the sixth part of Sun's Java Enterprise System and be branded as the Java System Integration Suite.

SeeBeyond reported revenue of $37m in its first quarter ending 31 March. SeeBeyond shares closed at $3.28 per share on Monday, making Sun's offer a 30 per cent premium on that close. ®

Related stories

Sun critics hear the sound of two garbage trucks colliding
Sun sheds $4.1bn for StorageTek
Sun buys $50m worth of NAS software IP
Sun could quell database hunger with Unify buy

Internet Security Threat Report 2014

More from The Register

next story
Microsoft on the Threshold of a new name for Windows next week
Rebranded OS reportedly set to be flung open by Redmond
'In... 15 feet... you will be HIT BY A TRAIN' Google patents the SPLAT-NAV
Alert system tips oblivious phone junkies to oncoming traffic
Apple: SO sorry for the iOS 8.0.1 UPDATE BUNGLE HORROR
Apple kills 'upgrade'. Hey, Microsoft. You sure you want to be like these guys?
SMASH the Bash bug! Apple and Red Hat scramble for patch batches
'Applying multiple security updates is extremely difficult'
ARM gives Internet of Things a piece of its mind – the Cortex-M7
32-bit core packs some DSP for VIP IoT CPU LOL
Lotus Notes inventor Ozzie invents app to talk to people on your phone
Imagine that. Startup floats with voice collab app for Win iPhone
'Google is NOT the gatekeeper to the web, as some claim'
Plus: 'Pretty sure iOS 8.0.2 will just turn the iPhone into a fax machine'
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.