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by Diane Himes, MA Editorial Staff Posted on Thursday, April 05, 2007 6:20:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | With combined product portfolio and sales teams, the companies aim for prominent stake in the emerging SOA and BPM software markets. |
| Keywords: | Software industry consolidation, SOA technology, SOA leaders, Software AG, webMethods, service-oriented architecture, BPM providers, business process management, BPM Fabric, Crossvision |
Continuing the trend of consolidation in the business-to-business software space, European software infrastructure provider Software AG today announced its agreement to acquire business integration software vendor webMethods Inc. in an all-cash transaction worth approximately $546 million. On a conference call with analysts and investors this morning, the management teams of both companies discussed plans for a combined, complementary product portfolio that they hope will result in an end-to-end service-oriented architecture (SOA) platform for their customers and prospects worldwide. The acquisition will give Software AG access to webMethods' strong North American customer base, and it will contribute to Software AG's plans to reach €1 billion in revenue by 2011, a figure that is more than double its current revenue, company officials said. [Click to continue] |
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