EC approves Oracle's acquisition of BEA Systems

Oracle's £4.25bn acquisition of BEA Systems has been approved by the European Commission (EC).

Oracle's £4.25bn acquisition of BEA Systems has been approved by the European Commission (EC).

Oracle had already been given clearance for its takeover by the US Department of Justice and Federal Trade Commission and can now act on its plan to integrate the two firms' products and services.

"The addition of BEA will accelerate innovation by bringing together two companies with a common vision of a modern service-oriented architecture (SOA) infrastructure," said Oracle president Charles Phillips.

"Together, Oracle and BEA will provide a series of complementary and well-engineered middleware products, allowing customers to more easily build, deploy and manage applications in a secure environment," said Phillips.

Oracle defends acquisition strategy>>

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