BEA Signs Integration Deals
Updated · Sep 10, 2001
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
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 ACCESS.pro.
The company said that with BEA’s products running in the background, its
solutions meet the most stringent requirements of their banking and financial
Beth Cox has been a well-known keynote speaker and author as well as a business and technology advisor. She helps companies improve their business performance, better utilize data, and understands the implications of new technologies, such as (AI)artificial intelligence, big data, blockchains and the Internet of Things.