Software AG to acquire WebMethods

Software AG, a systems software and service-oriented architecture (SOA) provider, is set to acquire WebMethods for approximately US$546 million - subject to shareholder approval.

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By  Duncan MacRae Published  April 9, 2007

Software AG, a systems software and service-oriented architecture (SOA) provider, is set to acquire WebMethods for approximately US$546 million. - subject to shareholder approval. It is hoped this will significantly strengthen the combined company’s leadership in the fast-growing SOA and Business Process Management (BPM) markets. The acquisition will be a major step in Software AG’s recently announced plans to more than double its revenue to $1.3 billion. "To increase our presence in the Gulf and to strengthen our relationship with our clients in the region, we established our Gulf headquarters in the Kingdom of Bahrain in June 2006," said Mohammed Al Fardan, managing director, Gulf & Egypt, Software AG Middle East. "The acquisition of WebMethods by Software AG worldwide will create a strong industry-leading SAO and BPM product portfolio, which will benefit our client base in the Gulf in a huge way as we will also be able to offer them a best-in-class SOA solution. “Legacy modernisation is one of our unique strengths, which will offer around 90% of the legacy applications in the regional market a chance to go the SOA way." David Mitchell, president and CEO, WebMethods, said: "By joining forces with Software AG, we’re able to fully capitalise on the highly differentiated and market leading position that we’ve established for our products within the business integration, SOA and BPM markets. “Customers will benefit significantly from the greatly expanded product and service portfolio that we will be able to offer them. This combination will provide additional opportunities through our shared partner network, our combined geographical strengths and our complementary business models.” Karl-Heinz Streibich, CEO of Software AG, added: “Together we will be creating truly advanced SOA solutions. We look forward to working with WebMethods’ talented team of professionals throughout their organization.”

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