WebMethods Goes on a Shopping Spree
Software developer acquires three tech companies.Enterprise application integration software developer WebMethods Inc. announced Monday the acquisition of two companies in the service-oriented architecture and portal markets, as well as the completion of a third acquisition in the business activity monitoring market. WebMethods, of Fairfax, Va., this morning acquired The Mind Electric Inc., for its Web services platform; DataChannel Inc., for its portal technology; and The Dante Group Inc., for its real-time BAM and enterprise event management software. While WebMethods did not release specific details of each transaction, it did report a total payout of $32 million in cash for the three companies. The TME acquisition is subject to some conditions before closing.
The acquisitions complete WebMethods strategy to provide customers with a standards-based, service-oriented architecture that veers from its traditional, proprietary EAI offering. Called WebMethods Fabric, the companys newest offering, based on Web services, bridges the gap between J2EE, .Net, Web service and legacy systems by linking all computing resources into a common enterprise framework, officials said.