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Short for Service Oriented Business Applications, SOBA represents the expected end state of the Service-Oriented Architecture (SOA) vision. That is, SOBAs are business applications that function in a service-oriented environment to provide discrete units of business-level functionality through well-defined service contracts (keeping the services encapsulated and self-contained). Within the SOA model these services can be dynamically combined as needed by the business.
[Source: Skyway SOA Platform ]

Also see Understanding "Web Services" in the "Did You Know...?" section of Webopedia.

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