The acquisition, worth US$546 million (A$655 million) in cash, makes the combined entity one of the largest providers of business process management and SOA software.
Buying webMethods was a major step in Software AG’s recently announced strategic goal to more than double its revenues to Euro1 billion (A$1.6 billion).
The companies said the deal brings together complementary industry strengths and minimal customer overlap. The companies would give eachother immediate and mutual access to additional customer segments, particularly in financial services, manufacturing and the public sector.
Software AG and webMethods have a combined customer base of more than 4,000 organisartions and 100 partners in complementary geographies around the world.
Specifically, the acquisition will double Software AG’s customer base in the critical North American market.
“Combining our product portfolio and sales team with those of webMethods gives us a major foothold in the critical North American market,” Software AG chief executive Karl-Heinz Streibich said.
“WebMethods’ Fabric product family combined with Software AG’s Crossvision SOA suite will provide an end-to-end SOA solution that allows our combined client base to more effectively create, manage and govern their business processes,” Mr Streibich said.
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