Terms were not made public, but the deal signals that New York's CGE&Y is looking to raise its profile as a technology consultant through its alliance with BEA Systems, whose competitors in the application server market alone include IBM, Oracle and JBoss.
The alliance helps get CGE&Y into the crowded field of business integrators, which includes IBM, webMethods and Tibco.
Calls seeking further comment about why CGE&Y chose BEA over others were not returned as of press time.
Powered by BEA's flagship WebLogic Platform for serving applications, Open Framework for Leasing (OFL) is a business integration suite designed to help companies consolidate leasing and lending applications more quickly. The firms argue that it is more cost-effective than buying piecemeal software items to stitch together new and existing legacy applications.
OFL solves integration challenges such as fusing front-office functions, such as customer service, that can often be handled with off-the-shelf software with back-office functions, such as lease-loan accounting, that are usually powered by legacy systems. OFL was created for easy customization and supports anything from highly structured equipment financing to basic automotive leasing.
The WebLogic platform consists of BEA WebLogic Integration 8.1, an enterprise integration server, accompanied by a data management tool called Liquid Data for WebLogic. CGE&Y chose WebLogic Integration for its automation capabilities.
"It reduces the need for costly enterprise-wide IT investments, instead allowing companies to consolidate and leverage their existing systems. BEA's platform greatly facilitates the process," said Anthony A. Turni, vice president, CGE&Y Financial Services.
"BEA strives to partner with industry leaders such as CGE&Y to bring the latest solutions to market -- in this case a business integration suite allowing companies to consolidate and integrate leasing and lending applications more quickly and cost-efficiently," said John Gray, vice president, worldwide alliances, BEA Systems.