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BEA Signs Integration Deals

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Posted September 10, 2001 By Beth Cox     Feedback

That's the good news; the bad news is a downgrade from an analyst that also affects PeopleSoft and Mercury Interactive.

BEA Systems Inc. signed product integration deals with business portal provider Epicentric Inc. and Fundtech Ltd., which sells e-payment and Internet banking solutions.

That was the good news. Financial details were not disclosed for either deal.

The bad news? Salomon Smith Barney reportedly cut its 12-month price target on BEA Systems Inc. as well as PeopleSoft Inc. (NASDAQ:PSFT) and Mercury Interactive Corp., (NASDAQ:MERQ) following the firm's Tech 2001 conference held in New York last week.

Analyst Gretchen Teagarden reduced the target on BEA to $21 from $26 a share "to reflect current market conditions," according to a Reuters report. BEA was trading up 35 cents to $14.01 at mid-morning.

Teagarden cut the target on shares of software testing products and services supplier Mercury Interactive to $32 from $44, and enterprise software firm PeopleSoft to $33 from $45 a share.

San Jose, Calif.-based BEA (NASDAQ:BEAS) said that the deal with Epicentric will involve integrating Epicentric's portal applications with the BEA E-WebLogic E-Business Platform to create a unified business portal solution.

Epicentric said the next versions of its Foundation Server applications will be integrated and optimized for the entire BEA WebLogic E-Business Platform, which is a single solution for enterprise and e-business applications that require commerce, portal, integration and Web Services.

BEA and Epicentric already have nearly 50 joint deployments of their respective solutions working together to provide advanced e-business infrastructure and business portal solutions.

The companies said that now they will share the expertise gained from these initiatives by collaborating on a "Reference Application for Delivering Enterprise Portal Management Systems." The Reference Application will offer proven strategies, best practices and implementation methodologies

Fundtech (NASDAQ:FNDT) will use BEA's Web Logic Enterprise product in the core product infrastructure that supports its flagship products: PAYplus CLS, Global PAYplus and

The company said that with BEA's products running in the background, its solutions meet the most stringent requirements of their banking and financial institution clients.

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