Company:WebMethods

From HandWiki
webMethods Inc.
TypeAcquired
IndustryAndroid software
Founded1996
FounderPhillip Merrick
Caren Merrick
HeadquartersReston, Virginia
ProductsESB, B2B, BPMS, BAM, SOA Governance, Application Modernization
ParentSoftware AG
Websitewww.softwareag.com

webMethods was an enterprise software company, acquired by Software AG, focused on application integration, business process integration and B2B partner integration. Founded in 1996, the company sold systems for organizations to use web services to connect software applications over the Internet. In 2000, the company stock shares rose over 500% the first day it was publicly traded.[1] In 2007 webMethods was acquired by Software AG for $546 million and was made a subsidiary. In 2010 the webMethods division of Software AG recorded over $668 million in revenues.[2] Software AG retained the webMethods name, and uses it as a brand to identify a software suite encompassing process improvement, service-oriented architecture (SOA), IT modernization and business and partner integration.

History

The company was founded in 1996 by Phillip Merrick and Caren Merrick to use Web standards such as Hypertext Transfer Protocol (HTTP) and (later) XML to allow software applications to communicate with one another in real time. This type of technology would later be referred to as "web services". The company's first product, called the "Web Automation Server" was released in August 1996; this was later superseded by the "WebMethods Integration Server", which was the company's first product to see significant commercial use.

Initially, the founders used their savings and credit cards to keep the company operating.[3] By 1999 the company had clients such as DHL Express, Dell, Dun & Bradstreet and Hewlett-Packard, and had completed several rounds of venture capital investment.[4] In March 1999 the company entered into a partnership with SAP AG to create an SAP-focused integration product called the SAP Business Connector. The company's revenue went from around $0.5M in 1997 to $14M in 1999 and $202M in 2001.[5] WebMethods acquired Active Software in October 2000.[6]

In February 2000, webMethods had its initial public offering (IPO) on the NASDAQ exchange.[1] The quick rise of its share price is given as an example of the dot-com bubble.[7]

In 2003 Deloitte recognized webMethods as the fourth fastest growing technology company in North America, on the Deloitte Fast 500.[8][9]

The company was an early developer and promoter of standards for web service technologies, having worked on XML-RPC, a precursor to SOAP, and developed WIDL (Web Interface Definition Language), a precursor to the WSDL standard.[10]

Software AG acquired webMethods in 2007 for $546 million[11] and announced that the brand webMethods will be retained, effectively making webMethods its flagship product line. WebMethods version 8.0 was released in 2009, supplemented with other Software AG products such as Centrasite, Tamino and EntireX. In 2010, the webMethods ("BPE") division of Software AG recorded $668 million (499M Euros) in revenues and was a major contributor to overall company net income of $292 million (218M Euros).[2]

Acquisitions

  • 2006 Acquired Infravio[12] and products from Cerebra[13]
  • 2003 Acquires The Mind Electric - Products: webMethods ServiceNet (SOA)
  • 2003 Acquires Dante Group - Products: webMethods BAM
  • 2003 Acquires former DataChannel assets from Netegrity[14] - Products: webMethods Portal
  • 2001 Acquired IntelliFrame[15] Products:webmethods Workflow
  • 2000 Acquired Active Software[16] and partnership with J. D. Edwards for OEM Product JDE XPI. Gets EAI/A2A capabilities, Products: webMethods Broker and Adapters
  • Active Software acquired Alier Inc., TransLink Software Inc. and Premier Software Technologies Inc.

See also

References

  1. ↑ 1.0 1.1 Nathan Olivarez-Giles (May 19, 2011). "LinkedIn's 109% pop on first day of trading isn't close to 'dotcom era' IPO jumps". Los Angeles Times. http://latimesblogs.latimes.com/technology/2011/05/linkedins-109-pop-on-first-day-of-trading-isnt-close-to-dotcom-era-ipos.html. 
  2. ↑ 2.0 2.1 "Software AG reports record results for fiscal year 2010"
  3. ↑ "Phillip Merrick, CEO, Webmethods". Business Week. May 15, 2000. https://www.bloomberg.com/news/articles/2000-05-15/phillip-merrick-ceo-web-methods. 
  4. ↑ webMethods, Inc. S-1 Registration Statement
  5. ↑ webMethods, Inc. 10-K Filing 3/31/01
  6. ↑ "webMethods Acquires Active Software"
  7. ↑ Paul R. La Monica (April 1, 2019). "This IPO market is nothing like late 1990s craziness". CNN Business. https://www.cnn.com/2019/04/01/investing/ipo-one-day-stock-gains/index.html. 
  8. ↑ "High-tech growth ranked". Deseret News. October 20, 2003. https://www.deseret.com/2003/10/20/19790740/high-tech-growth-ranked. 
  9. ↑ "Two service providers rank among fastest-growing tech companies". Network World. October 13, 2003. https://www.networkworld.com/article/2337603/two-service-providers-rank-among-fastest-growing-tech-companies.html. 
  10. ↑ "Using WDSL in SOAP Applications"
  11. ↑ "SoftwareAG Acquires webMethods"
  12. ↑ webMethods to acquire infravio article
  13. ↑ eweek article on webMethods acquiring Cerebra
  14. ↑ webMethods to acquire technology from Netegrity article
  15. ↑ webMethods acquires IntelliFrame
  16. ↑ infoworld article about webMethods acquiring Active Software

External links



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