Oracle bids $6.6 billion for BEA

Software giant Oracle has offered $6.66 billion (fodder for anyone who believes Larry Ellison is, in fact, Satan) to acquire middleware player BEA Systems. BEA has been facing pressure to sell from billionaire Carl Icahn, who has built a strong positions as a shareholder in the company.

Published reports so far are painting this as consolidation in the business software market, but there's also a telecom-specific angle: BEA supplies back office software to telcos and other carriers, and over the last two years, Oracle has started to build a stronger position in the telecom OSS/BSS market through acquisitions of companies such as MetaSolv Software.

For more:
- The Denver Post has the Associated Press wire story

Suggested Articles

Cisco announced Thursday afternoon that it was buying network-monitoring company ThousandEyes.

AT&T Business announced on Thursday that it's offering a new broadband service for residence locations that features symmetrical speeds of 1-Gig.

It's a long way, literally and figuratively, from Leadville, Colorado to London, but Colt's new CEO, Keri Gilder, has made the transition with aplomb.