BEA Systems, Inc. announced that it has acquired Fuego, Inc. Fuego is a leader in the business process management (BPM) software industry. The company specializes in providing SOA solutions to help companies orchestrate and continuously improve business processes among people, applications and organizations. The Fuego portfolio will become a part of the fast-growing BEA AquaLogic product family and will serve as the foundation of the new AquaLogic Business Service Interaction product line. The transaction has already closed for a purchase price of approximately $87.5 million in cash plus amounts for certain retention and performance bonuses.
The business process management software market is one of the fastest growing segments within infrastructure software and is estimated to top $1 billion dollars by 2008.
Fuego was founded in 1999 and has over 100 employees. The company's customers include Southwest Airlines, United Healthcare, JPMorganChase and British Petroleum. FuegoBPM is a comprehensive, advanced software platform for business process management. Fuego helps businesses increase operational efficiencies, reduce costs and increase profitability, by improving workflow with flexible SOA/BPM systems. The FuegoBPM suite has been used in over 170 production BPM implementations with 100 percent success rate and referenceability. The FuegoBPM suite was ranked number one - over Oracle and other notable companies - in Business Process Management Suites by Network Computing Magazine.
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