Software AG gobbles up WebMethods

Summary:Software AG said it has reached an agreement to acquire enterprise software company WebMethods for US$546 million in cash.

Software AG said it has reached an agreement to acquire enterprise software company WebMethods for US$546 million in cash.

Darmstadt, Germany-based Software AG said the purchase will expand its customer base in North America and make it one of the largest providers of service-oriented architecture and business process management software.

Software AG sells infrastructure software to corporations, including its Adabas database and mainframe-based integration software.

WebMethods, based in Fairfax, Va., has a line of server software and tools for connecting disparate data sources and applications.

It purchased start-up Infravio last year in an effort to acquire more tools for managing service-oriented architecture projects.

In a statement, Software AG said that the WebMethods acquisition will help it achieve its goal of doubling revenue to 1 billion euros (AU$1.6 billion).

Topics: Tech Industry

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Related Stories

The best of ZDNet, delivered

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
Subscription failed.