BEA Further Extends SOA Market Leadership Into Billion Dollar BPM Software Market; Acquires Top-Ranked Fuego
San Jose, Calif.—Mar. 1, 2006—In a move squarely aimed at continued market leadership in the explosive SOA software market, BEA Systems, Inc. (NASDAQ: BEAS) today announced that it has acquired Fuego, Inc. Fuego is widely recognized as a pioneer and leader in the business process management (BPM) software industry. The company specializes in providing SOA solutions to help companies orchestrate and continuously improve business processes among people, applications and organizations. The Fuego portfolio will become a part of the fast-growing BEA AquaLogic™ product family and will serve as the foundation of the new BEA AquaLogic™ Business Service Interaction product line. The transaction has already closed for a purchase price of approximately $87.5 million in cash plus amounts for certain retention and performance bonuses.
“We are systematically targeting the fastest growing segments of the red-hot SOA software market,” stated Alfred Chuang, Chairman and CEO of BEA Systems, Inc. “The addition of Fuego to our AquaLogic portfolio means that we are now the only company to offer a unified SOA-based platform to integrate business processes, applications, and legacy environments.”
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.
Fuego was founded in 1999 and has over 100 employees. The company’s customers include Southwest Airlines, United Healthcare, JPMorganChase and British Petroleum. FuegoBPM is a comprehensive, advanced software platform for business process management. Fuego helps businesses increase operational efficiencies, reduce costs and increase profitability, by improving workflow with flexible SOA/BPM systems. The FuegoBPM suite has been used in over 170 production BPM implementations with 100% success rate and referenceability. The FuegoBPM suite was ranked number one — over Oracle and other notable companies — in Business Process Management Suites by Network Computing Magazine.
A conference call is scheduled for 8 a.m. Pacific on Wednesday, March 1, 2006. A live audiostream of the webcast will be available at www.bea.com/investor at 8:00 AM PT. Alternately, the dial in number for the conference call (conference ID 6035312) is as below:
US/Canada Dial-in #: (800) 830-3581
Int’l/Local Dial-In #: (706) 634-5647
To view the slides: go to www.mshow.com. Click on “Join the Show” and provide show #292109. You will be asked to provide your email address, and then download the mshow client to play the slides — this should take 1-2 minutes. Performing this 5-10 minutes in advance will avoid delays at the time of the call. Technical support for the slide show can be reached at (888) 865-7469.
BEA Systems, Inc. (NASDAQ: BEAS) is a world leader in enterprise infrastructure software, providing standards-based platforms to accelerate the secure flow of information and services. BEA product lines — WebLogic®, Tuxedo®, JRockit®, and the new AquaLogic™ family of Service Infrastructure — help customers reduce IT complexity and successfully deploy Service-Oriented Architectures to improve business agility and efficiency. For more information please visit www.bea.com.
“Safe Harbor” Statement Under the Private Securities Litigation Reform Act of 1995:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including the statements regarding our continued market leadership in the explosive SOA market; our belief that the Fuego portfolio will become a part of the fast-growing BEA AquaLogic product family and will serve as the foundation of the new AquaLogic Business Service Interaction product line; our efforts to systematically target the fastest growing segments of the red hot SOA software market; and our belief that the business process management software market is one of the fastest growing segments within infrastructure software estimated to top $1 billion dollars by 2008. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those contemplated by the forward-looking statements. Such risks and uncertainties include, dependence on the growth of the markets for BEA’s products, especially the markets for SOA, service infrastructure, VOIP, telecommunications and RFID software; our ability to successfully integrate the Fuego portfolio with BEA products; changes in the standards or technologies used in the SOA, telecommunications and portal markets that could render our products less competitive; declines in spending by the telecommunications industry as a result of consolidation or adverse economic conditions; dependence on new product introductions and enhancements; the introduction by competitors of new products and pricing strategies; market acceptance of BEA’s enhanced product portfolio; the length of BEA’s sales cycle; the dependence on acceptance of BEA’s products by channel partners; dependence on the success of BEA’s channel partners; rapid technological change; potential software defects. For more details, please refer to our SEC filings, including our Annual Report of Form 10-K for the year ended January 31, 2005, our Quarterly Report on Form 10-Q for the quarters ended April 30, 2005, July 31, 2005 and October 31, 2005, and our Current Reports on Form 8-K, as well as similar disclosures in subsequent SEC filings. The forward-looking statements and risks stated in this press release are based on information available to BEA today. BEA assumes no obligation to update them.
BEA SYSTEMS, INC.
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