Sun acquires SeeBeyond to strengthens position in BI market

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Sun Microsystems and SeeBeyond Technology Corporation have entered into a definitive agreement for Sun to acquire SeeBeyond.

Sun Microsystems and SeeBeyond Technology Corporation have entered into a definitive agreement for Sun to acquire SeeBeyond. The acquisition of SeeBeyond, a players in enterprise integration, with trailing 12 month revenues of approximately $167 million and 2,000 customers worldwide, will allow Sun to create what it believes will be the industry's most complete offering for the development, deployment and management of enterprise applications and Service Oriented Architectures (SOA).

Said Scott McNealy, chairman and chief executive officer, Sun Microsystems, "This reinforces our vision for the future of the Java platform. Sun is well positioned to partner with systems integrators worldwide in serving the global market. 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 n

ew growth and partnering opportunities worldwide."

According to McNealy, this recent acquisition activity reinforces Sun’s strategy to be a consolidator of innovations in the IT industry. ”The next wave is about the integration of business systems and today's acquisition of SeeBeyond signifies an early and forceful move to establish a leadership position in this space. Together, we will be able to deliver what other vendors only have in their vision papers - an ideal platform for business and systems integrators to build the next generation applications of the future," he added.

Since last year, SeeBeyond has been working with Sun on joint SOA-based architectural and vertical solutions. The two companies established a go-to-market partnership in October 2004 to integrate their product lines in order to deliver a more powerful environment for customers. "This transaction will combine the leader in Java and web services with a leader in integration, bringing to market wha