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Sun To See SeeBeyond As Its Own

June 29, 2005

Network computer maker Sun Microsystems yesterday announced it would buy business-integration software provider SeeBeyond Technology Corp. — a company whose name sounds an awful lot like a song made famous by a 1950s-Bronx-born teen idol — in an attempt to strengthen its position in the business integration market and “monetize the market opportunity in a big-time way,” according to Sun Chairman and Chief Executive Scott McNealy.�

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The deal is expected to help Sun further profit from its 10-year-old Java programming language, which allows developers to build programs that can run on multiple computers regardless of operating system and microprocessor. SeeBeyond uses Java-based technology in software that assists businesses in tying or “stitching” together multiple applications and different computer systems that have been individually developed and don't communicate well with each other.

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This deal brings computer maker Sun Microsystems its second major acquisition in less than a month, the previous announcement being that of Sun’s intentions to buy Storage Technology Corp., a maker of tape drives and backup software to store data, for $4.1 billion.

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Sun said it expects to complete the transaction in the next four to five months. The transaction will see SeeBeyond being purchased for $387 million cash. (Imagine the number of Bobby Darin albums that can be bought with that much cash...)

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For AP’s detailed coverage on TMCnet, go here.

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DRB



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