BEA Accepts 8.5 Billion Bid From Oracle - Mergers, Acquisitions, Venture Capital, Hedge Funds -- DealBook - New York Times

BEA Accepts 8.5 Billion Bid From Oracle - Mergers, Acquisitions, Venture Capital, Hedge Funds -- DealBook - New York Times: "Oracle said Wednesday that it will finally acquire BEA Systems, an enterprise software maker, for about $8.5 billion in cash."

Costpoint Web uses BEA Weblogic as the application server. With Oracle owning BEA and Oracle simultaneously competing with Deltek in the ERP market space, it would be interesting to see if Deltek begins to support other J2EE application servers such as IBM's WebSphere.