BEA Systems, Inc. (NASDAQ: BEAS) and Plumtree Software, Inc. (NASDAQ:PLUM) announced that the companies have entered into a definitive agreement under which BEA will acquire Plumtree for approximately USD$200 million in cash. Plumtree Software provides enterprise portal solutions to connect disparate work groups, IT systems and business processes. Its portfolio runs on both J2EE and .Net. By combining the Plumtree and BEA portal portfolios, BEA will be able to better provide customers with improved enterprise productivity by offering both collaborative and transactional portals across multiple platforms and application servers. Under terms of the agreement, BEA will pay USD$5.50 per share, in cash, plus the assumption of outstanding Plumtree options, for a total transaction value of approximately USD$200 million. The acquisition is subject to regulatory approval, Plumtree shareholder approval and other customary closing conditions. The transaction is expected to close in the fall of calendar year 2005. Upon close of the transaction, Plumtree will become a part of a new BEA product unit. BEA Chief Technology Officer and Executive Vice President, Mark Carges, and Plumtree Software Chief Executive Officer, John Kunze, will lead the transition. Headquartered in San Francisco, Plumtree was founded in 1996 and has approximately 400 employees, more than 21 million worldwide users, and more than 700 customers. http://www.bea.com,
Interwoven, Inc. (Nasdaq: IWOV) announced the availability of a new integration with Microsoft SharePoint Portal Server 2003. Interwoven WorkSite for SharePoint extends the ease-of-use and ubiquity of Interwoven’s Collaborative Document Management (CDM) solution by enabling business professionals to easily access Interwoven CDM within the SharePoint Portal Server 2003 environment. The WorkSite for SharePoint integration is the first offering resulting from the recently expanded relationship between Interwoven and Microsoft. Interwoven WorkSite for SharePoint will be generally available at the end of September 2005.
Vignette Corp. (NASDAQ: VIGN) and Certus Software announced that they will join forces to expand the breadth of their compliance offerings by together bringing to market a Sarbanes-Oxley compliance application with a records management backbone. This integrated solution enables critical compliance information to be correctly managed over its lifecycle. Certus and Vignette’s shared compliance vision leverages Certus’ Governance Suite and Vignette’s Records & Documents. The capabilities will be integrated to allow business information to be safely stored in a secure repository with rights and privileges specific to each end user. By applying lifecycle management to each record, businesses can safely store compliance-related data as long as legally mandated and no longer, thereby reducing both overall risk and the mass of outdated and irrelevant information clogging the enterprise infrastructure. Vignette’s secure repository will provide management and protection of compliance information, tying in Certus’ compliance framework to the most current and relevant business critical information. Business users will be able to use the repository as a single source of compliance information, which includes paper, email, Web content, images, electronic documents, audio and video, in a secure environment configurable to their needs. http://www.vignette.com,