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webMethods announces triple acquisition, new CTO and end of proprietary integration

  • 14 October, 2003 10:45

<p>Please find a release below re a series of major announcements made today by webMethods including three acquisitions - Dante Group, DataChannel and The Mind Electric (TME) accounting for a total consideration of approximately US$32 million in cash - and the launch of webMethods Fabric, the first 100% standards-based, non-proprietary and vendor neutral solution built on an Enterprise Service-Oriented Architecture (ESOA). The new webMethods infrastructure platform is based on an any service, anywhere, anytime approach, enabling customers to easily integrate J2EE and .NET and build services on top of any integration, legacy or packaged application vendor’s technology.</p>
<p>The announcements broaden the company's offerings as it moves from being simply an integration vendor to becoming an independent, full Web services infrastructure company. The move also brings the launch of webMethods Optimize and webMethods Portal, which address the increased need for enterprise event management and portal services.</p>
<p>webMethods local managing director, Mark Innes, is available for interview today. Please call Tracy Monkman/Roger Marshall on + 612 9954 3299 to arrange a time.</p>
<p>FOR IMMEDIATE RELEASE</p>
<p>Contacts:
Tracy Monkman
Spectrum Communications
+61 2 9954 3299
tracym@spectrumcomms.com.au</p>
<p>Kim Medway
webMethods Australia
+61 407 067 357
xkm@webMethods.com</p>
<p>WEBMETHODS ENDS THE ERA OF PROPRIETARY INTEGRATION</p>
<p>Company Announces Three Key Acquisitions Adding Enterprise Service-Oriented Architecture (ESOA), Business Activity Monitoring (BAM) and Portal Offerings</p>
<p>Launches New Approach to Empower Enterprise Customers with True Standards-Based, Vendor-Neutral Integration Capabilities</p>
<p>SYDNEY, October 14, 2003 - webMethods, Inc. (Nasdaq: WEBM), the industry’s first Web services infrastructure company, today announced that it has completed the final stage of its strategic plan to provide customers with a 100 percent standards-based, non-proprietary and vendor neutral solution to run, measure and optimise their business. webMethods also announced three key acquisitions in the Enterprise Service-Oriented Architecture (ESOA), Business Activity Monitoring (BAM) and portal spaces. (Specific details concerning the acquisitions are provided in separate announcements). Additionally, webMethods announced that it is appointing as Chief Technology Officer Graham Glass, an industry visionary and pioneer in distributed computing.</p>
<p>At the core of the announcement is the introduction of webMethods Fabric™, a 100 percent standards-based solution that is, unlike proprietary integration and application server products available today, capable of universally linking all computing resources into a common enterprise fabric. Built entirely upon an Enterprise Service-Oriented Architecture (ESOA), webMethods Fabric bridges the worlds of J2EE, .NET, Web services and legacy systems enabling customers to run any service, anywhere, anytime. Key to the ESOA approach is the ability of customers to incorporate all their current resources including packaged applications, the webMethods Integration Platform, proprietary integration products from other vendors, as well as the new generation of service-oriented application modules from the traditional packaged application vendors.</p>
<p>"Adding webMethods Fabric to the capabilities of the webMethods Integration Platform allows our customers to meet their toughest business process integration challenges while gaining the benefits of a completely standards-based and enterprise-class service-oriented architecture,” said Phillip Merrick, chairman and CEO of webMethods, Inc. “The power of this approach will be appealing to both new and existing customers of webMethods.”</p>
<p>The practical benefits of utilising the enterprise fabric as a foundation for enterprise IT architecture are many. Among these benefits, the most compelling is the ability to implement a true service-oriented architecture (SOA) with quality of service capabilities, such as security and failover, being delivered by the fabric itself. This will allow customers greater flexibility in their selection of enterprise software applications and integration technology, as they can now freely mix and match applications and services with standards-based interoperability and required quality of service being facilitated within the fabric.</p>
<p>According to Yefim Natis, vice president and research director at Gartner: “Over time, lack of SOA will become a competitive disadvantage for most enterprises. Mainstream enterprises should invest today in understanding SOA and building SOA design and development skills.” Gartner predicts that by 2006, more than 60 percent of enterprises will consider SOA a guiding principle in designing their new mission-critical business applications and business processes.</p>
<p>As the final stage in webMethods’ strategic plan to provide customers with a 100 percent standards-based, non-proprietary and vendor neutral Web services infrastructure, webMethods Fabric is the perfect complement to the webMethods Integration Platform. The webMethods Integration Platform has been designed from its inception on a service-oriented architecture and to support Web services standards. As a result, customers who require additional integration technology to link non-SOA enabled resources can do so with a comprehensive solution from a single vendor.</p>
<p>webMethods Fabric is built upon, and supports, the significant standards for Web services infrastructure, including SOAP 1.2, WSDL 1.2, WS-Routing, WS-Security, WS-Signatures, WS-Encryption and UDDI. webMethods Fabric (based on the product previously known as TME GAIA) is currently in beta release, and will ship within 90 days of this announcement.</p>
<p>Adds New Products To Broaden Overall Offering - Acquisition of Dante Group, Inc. and the DataChannel Portal Technology</p>
<p>To address the increased need for enterprise event management and portal services, webMethods also announced the introduction of webMethods Optimize™ and webMethods Portal™. These new offerings are the result of the consummation of the acquisitions of Dante Group, Inc. and the DataChannel portal technology respectively. The result is the combination of world-class integration, portal and analytics technologies together with webMethods Fabric to enable customers to build a new generation of business systems that provide unparalleled visibility and control.
The acquisition of The Dante Group, Inc., a Colorado-based provider of business activity monitoring software, enables webMethods to offer customers the industry's only product built from the ground up for real-time business activity monitoring and enterprise event management. Dante's software product, to be renamed webMethods Optimize™, delivers real control to decision-makers over current and future business events.
Through the acquisition, webMethods is also obtaining Dante's patent-pending Fingerprinting technology, enabling webMethods Optimize to learn behavioural patterns that impact business goals, events and activities. Fingerprinting allows enterprises to anticipate and recommend likely diagnosis and treatment plans of recognised problems to ensure quick resolutions and permanent improvements to business operations.</p>
<p>In addition the acquisition of the portal solution previously known as DataChannel provides webMethods with the industry’s first complete Web services enabled portal solution. As part of the DataChannel transaction, webMethods has acquired the technology and hired the key employees related to DataChannel. The solution will be named webMethods Portal and deliver a full range of portal capabilities from a single-integrated platform. The solution exposes content, applications, and business functions that are personalised, enabling businesses to effectively extend access to these resources to employees, partners and customers.</p>
<p>webMethods enables companies to build composite applications on an Enterprise Service-Oriented Architecture (ESOA), and webMethods Portal provides an infrastructure-level presentation and content management service for the ESOA</p>
<p>(See accompanying press releases for further details)
http://www.webmethods.com/press_release_detail_cmb/1,2616,3154,00.html
http://www.webmethods.com/press_release_detail_cmb/1,2616,3155,00.html</p>
<p>Definitive Merger Agreement to Acquire The Mind Electric, Inc. (TME) Delivers Expanded Solutions for Java and .NET Developers</p>
<p>webMethods also announced that it has entered a definitive merger agreement to acquire The Mind Electric, Inc. (TME) and its popular product offering GLUE™, an easy-to-use Web service platform for building and deploying enterprise-class distributed applications from any Java object. GLUE, which is immensely popular with the developer community, is a groundbreaking platform that brings the simplicity and power of .NET to Java users while bridging the interoperability gap between .NET and J2EE. Recently recognised by Microsoft as the preferred mechanism for bridging J2EE and .NET, webMethods intends to market the product under the product name webMethods GLUE.</p>
<p>The company is also appointing Graham Glass, founder, Chairman and chief architect of TME as its new chief technology officer. Mr. Glass, a pioneer in distributed computing was previously the CTO and co-founder of ObjectSpace, a Dallas-based company specialising in distributed object technology. During his tenure at ObjectSpace, Mr. Glass received an Ernst &amp; Young Entrepreneur of the Year award in 1996, as well as several industry awards for the development of the Voyager and JGL product lines.</p>
<p>(See accompanying press releases for further details http://www.webmethods.com/press_release_detail_cmb/1,2616,3153,00.html)</p>
<p>The total consideration for the acquisitions is approximately $32 million in cash, excluding advisory fees and transaction-related expenses, which generally will be paid in the current quarter. The specific financial terms of the individual transactions were not disclosed. The consummation of the acquisition of TME is subject to various conditions precedent.</p>
<p>About webMethods, Inc.</p>
<p>webMethods (Nasdaq : WEBM) is the industry’s first Web services infrastructure company. webMethods’ innovative integration, Web services, portal and analytic solutions enable more than 950 enterprise customers worldwide to run, measure and optimise their business. webMethods is headquartered in Fairfax, Va., with offices throughout the U.S., Europe, Asia Pacific and Japan. More information about the company can be found at http://www.webMethods.com.</p>
<p>###</p>
<p>webMethods is a registered trademark, and Global Business Visibility, webMethods Fabric, webMethods GLUE, webMethods Portal and webMethods Optimize are trademarks, of webMethods, Inc. in the USA and certain other countries. All other company and product names are the property of their respective owners.</p>
<p>This press release may contain various remarks about the future expectations, plans and prospects of webMethods that constitute forward-looking statements for purposes of the safe harbor provisions of U.S. securities laws, such as statements regarding webMethods’ new products and services and their performance, the anticipated dates of availability of acquired products, the consummation and timing of the TME acquisition, the size and strength of webMethods’ markets, webMethods’ future financial performance and cost savings, the anticipated contributions to webMethods’ future financial performance of acquired products or businesses, the timeframes by which webMethods anticipates the acquisitions will be accretive, and the business outlook of webMethods. The actual results of webMethods may differ materially from those indicated by these forward-looking statements as a result of various important factors, including those discussed under the heading “Factors That May Affect Future Operating Results” in the Business section of webMethods’ Form 10-K for the year ended March 31, 2003, and in the “Management’s Discussion and Analysis” section of webMethods’ Form 10-Q for the quarter ended June 30, 2003, which are on file with the U.S. Securities and Exchange Commission and may be accessed at www.sec.gov http://www.sec.gov or webMethods’ investor relations webpage at www.webMethods.com. webMethods disclaims any obligation to update or correct any forward-looking statements made herein due to the occurrence of events after the issuance of this press release.</p>

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