French firm Dassault Systemes SA has agreed to buy product life-cycle management software developer MatrixOne Inc. for US$408 million in cash. The companies have not decided whether to create a single brand for their three product lines -- Enovia, SmarTeam and Matrix10 -- or to retain the existing brands. Product plans will be disclosed after the close of the deal, which is expected in June.
Federal IT worker pleads guilty to hack
A former IT systems auditor at the U.S. Department of Education faces a five-year prison sentence on a computer hacking charge for secretly monitoring his supervisor's e-mail and computer use. Kenneth Kwak pleaded guilty to unauthorized access to a protected computer in furtherance of a criminal or tortious act, the U.S. Department of Justice said. Kwak was a systems auditor in the agency's Office of the Inspector General.
BEA buys BPM app maker for $87.5M
BEA Systems Inc. last week said it has acquired Fuego Inc., a developer of business process management software, for $87.5 million. The Fuego portfolio of products will be folded into BEA's AquaLogic line and will be the foundation of BEA's AquaLogic Business Service Inter-action product family.
PMC-Sierra buys Agilent storage unit
PMC-Sierra Inc. last week completed its $425 million acquisition of the storage semiconductor business of Agilent Technologies Inc. The division makes components for Fibre Channel storage systems, including its Tachyon brand of Fibre Channel controllers. The acquired unit employs about 240 people and operates design centers in Santa Clara and Roseville, Calif., and Singapore.