Sun Microsystems Inc. is to purchase SeeBeyond Technology Corp. for $387 million in cash in a move to boost Sun's presence in the business integration software arena, the companies announced Tuesday.
Sun has been placing a lot of emphasis on the SOA (service oriented architecture) development model and hopes the acquisition of SeeBeyond will fill out its portfolio of products for developing, deploying and managing SOAs and other enterprise applications, according to a company release.
SeeBeyond, of Monrovia, California, has 2,000 customers worldwide and has been in close partnership with Sun since October of last year. The companies claimed there is little overlap in their respective product lines.
The purchase is expected to be closed in "early fall" of this year, suggesting September, subject to approval from regulators and SeeBeyond shareholders.