Mar, 2003 : DataWeb Acquires BEA Software Line, Hosted Clients
📅 - Seattle-based DataWeb Corp. (dataweb.com), a provider of online software services, said today it had purchased the Web based rapid application development business from application infrastructure firm BEA Systems.
The stock and cash deal is valued at over $7 million. It includes the purchase of software used for developing dynamic web applications and a full-service hosting center accompanied by 3,000 customers co-located with AT&T. DataWeb said the transfer of these assets is effective immediately.
"The next big wave in the computer revolution is to free critical business applications from the limitations of the office network," said DataWeb CEO Richard Locke. "Today's successful companies recognize the value of empowering team members with ready access to critical information, while at the same time easing the overhead associated with the reporting process."
DataWeb said it would re-name its new asset to the HostRAD Designer for hosted rapid application development. The firm also said it would continue to invest in the technology, and that it would aggressively support existing and new customers.
"A Web site, dedicated to collecting and sharing critical information in a secure environment can go a long way to creating the efficiencies necessary to achieve an important competitive edge," Locke said. "DataWeb's HostRAD Designer is an outstanding solution for companies wishing to achieve those efficiencies."
The stock and cash deal is valued at over $7 million. It includes the purchase of software used for developing dynamic web applications and a full-service hosting center accompanied by 3,000 customers co-located with AT&T. DataWeb said the transfer of these assets is effective immediately.
"The next big wave in the computer revolution is to free critical business applications from the limitations of the office network," said DataWeb CEO Richard Locke. "Today's successful companies recognize the value of empowering team members with ready access to critical information, while at the same time easing the overhead associated with the reporting process."
DataWeb said it would re-name its new asset to the HostRAD Designer for hosted rapid application development. The firm also said it would continue to invest in the technology, and that it would aggressively support existing and new customers.
"A Web site, dedicated to collecting and sharing critical information in a secure environment can go a long way to creating the efficiencies necessary to achieve an important competitive edge," Locke said. "DataWeb's HostRAD Designer is an outstanding solution for companies wishing to achieve those efficiencies."
Reads: 2123 | Category: General | Source: TheWHIR : Web Host Industry Reviews
URL source: http://www.thewhir.com/marketwatch/dat031003.cfm
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