webMethods - Wikipedia

webMethods was an enterprise software company focused on application integration, business process integration and B2B partner integration. webMethods FromWikipedia,thefreeencyclopedia Jumptonavigation Jumptosearch Enterprisesoftwarecompany,divisionofSoftwareAG webMethodsInc.TypeAcquiredIndustryAndroidsoftwareFounded1996FounderPhillipMerrickCarenMerrickHeadquartersReston,VirginiaProductsESB,B2B,BPMS,BAM,SOAGovernance,ApplicationModernizationParentSoftwareAGWebsitewww.softwareag.com webMethodswasanenterprisesoftwarecompanyfocusedonapplicationintegration,businessprocessintegrationandB2Bpartnerintegration.Foundedin1996,thecompanysoldsystemsfororganizationstousewebservicestoconnectsoftwareapplicationsovertheInternet.In2000,thecompanystocksharesroseover500%thefirstdayitwaspubliclytraded.[1] In2007webMethodswasacquiredbySoftwareAGfor$546millionandwasmadeasubsidiary.By2010thewebMethodsdivisionaccountedforalmosthalfoftheparentcompany'srevenues.[2]SoftwareAGretainedthewebMethodsname,andusesitasabrandtoidentifyasoftwaresuiteencompassingprocessimprovement,service-orientedarchitecture(SOA),ITmodernizationandbusinessandpartnerintegration. Contents 1History 2Seealso 3References 4Externallinks History[edit] Thecompanywasfoundedin1996bymarriedcouplePhillipMerrick(whowaschiefexecutive)andCarenMerrick(whowasvicepresidentformarketingusingthenameCarenDeWittatthetime)touseWebstandardssuchasHypertextTransferProtocol(HTTP)and(later)XMLtoallowsoftwareapplicationstocommunicatewithoneanotherinrealtime.Thistypeoftechnologywouldlaterbereferredtoas"webservices".Thecompany'sfirstproduct,calledtheWebAutomationServerwasreleasedinAugust1996;thiswaslatersupersededbytheWebMethodsIntegrationServer,whichwasthecompany'sfirstproducttoseesignificantcommercialuse. Initially,thefoundersusedtheirsavingsandcreditcardstokeepthecompanyoperatingintheirhouseinFairfax,Virginia.[3][4] By1999thecompanyhadclientssuchasDHLExpress,Dell,Dun&BradstreetandHewlett-Packard,andhadcompletedseveralroundsofventurecapitalinvestment.[5] MayfieldFundandFBRTechnologyVenturePartners(anarmofFriedmanBillingsRamsey)wereamonginvestors.[6] InMarch1999thecompanyenteredintoapartnershipwithSAPAGtocreateanSAP-focusedintegrationproductcalledtheSAPBusinessConnector.Thecompany'srevenuewentfromaround$500,000in1997to$14millionin1999and$202millionin2001.[7] InFebruary2000,webMethodshaditsinitialpublicoffering(IPO)ontheNASDAQexchange.[1]Justbeforetheoffering,thesharepricerosefromitsplanned$13to$35,andinitsfirstdayoftrading,closedover$212pershare.Thecompanyraisedonly$175million,whilebeingvaluedatalmost$7billion.Althoughtheterm"unicorn"wasnotyetused,oneanalystsaid"Themarketiskindoffoamingatthemouthonthree-letterbuzzwords,likeB2BandXML".[8] Thequickriseofitssharepriceisgivenasanexampleoftheexcessofthedot-combubble.[9] TheIPOallowedwebMethodsinApril2000toacquirePremierSoftwareTechnologies,Inc.andTransLinkSoftware,Inc.,andinAugust2000toacquireActiveSoftwareforanestimated$1.3billioninstockshares.[10][11] ActiveSoftware,apubliccompanybasedinSantaClara,Californiaandfoundedin1994,hadacquiredAlierInc.,TransLinkSoftwareInc.andPremierSoftwareTechnologiesInc. InJanuary,2001,webMethodsacquiredIntelliFrameCorporation,whichhadbeenpartofComputerNetworkTechnologyCorporation,forabout$31million.[12][13] Whilerevenuesgrew,thecompanypostedcontinuingoperatinglossesduetotheearly2000srecessionfollowingtheburstingofthedot-combubblethrough2002.[14][7] Althoughitssharepricedeclinedsharplyfromitspeak,companyexecutives,directorsandinvestorsstillmadelargeprofitsontheirshares.[15] InOctober,2003,thecompanyannounceditacquiredthreesmallercompaniesintheintegrationmarket,foracombinedestimatedvalueof$32million. TheMindElectricdevelopedatechnologycalledGlue,anditsfounderGrahamGlassbecamethewebMethodschieftechnicalofficer.[16] TheDanteGroupdevelopedsoftwareforbusinessactivitymonitoring(BAM). TheformerDataChannelassetsfromNetegritywereusedinaportal.[17] DeloitteestimatedwebMethodswasthefourthfastestgrowingtechnologycompanyinNorthAmericain2003,ontheDeloitteFast500.[18][19] ByOctober,2004,afterrevenuesdeclinedandlossesrose,PhillipMerrickwasreplacedasCEObyDavidMitchell.[20] InAugust,2006,webMethodsacquiredCerebra,aprivatelyheldcompanythatdevelopedmetadatamanagementsoftware.[21] InSeptember,2006,webMethodsacquiredInfravio(whichdevelopedasoftwareregistry)for$38million.[22] Thecompanywasanearlydeveloperandpromoterofstandardsforwebservicetechnologies,havingworkedonXML-RPC,aprecursortoSOAP,anddevelopedWebInterfaceDefinitionLanguage,aprecursortotheWebServicesDescriptionLanguagestandard.[23] Aspartofalargertrendofconsolidation,SoftwareAG(basedinDarmstadt,Germany)bidtoacquirewebMethodsinApril2007foranestimated$546millionincash.[24] Theofferpricewasmorethan25%overthemarketpriceofitsshares,andcameonedayafteractivistshareholdersAugustusOliverandCliffordPressdiscloseda6%stakeandclaimedthecompanywasunder-valued.[25][26][27] Althoughspeculationpersistedthatacompetitormightmakeahigherbid,thedealclosedinJune,2007.[28][29] ThebrandwebMethodswasretained,effectivelymakingwebMethodsitsflagshipproductline,immediatelydoublingSoftwareAGrevenuesinNorthAmerica. WebMethodsversion8.0wasreleasedin2009,supplementedwithotherSoftwareAGproductssuchasCentrasite,TaminoandEntireX.In2010,thewebMethodsdivisionofSoftwareAG,knownasbusinessprocessesexcellence(BPE)recorded$668million(499millionEuros)inrevenuesandwasamajorcontributortocompanynetincome.[2] In2011,CarenMerrickranasaRepublicanfortheVirginiastatesenate,sayingherhistorywithwebMethodsmadehera"jobscreator",butwasdefeatedbyBarbaraFavola.[30] Seealso[edit] Middleware(distributedapplications) References[edit] ^abNathanOlivarez-Giles(May19,2011)."LinkedIn's109%poponfirstdayoftradingisn'tcloseto'dotcomera'IPOjumps".LosAngelesTimes.RetrievedNovember17,2021. ^ab"SoftwareAGreportsrecordresultsforfiscalyear2010".Pressrelease.January27,2011.ArchivedfromtheoriginalonSeptember27,2011.RetrievedNovember21,2021. ^DavidRocks(May15,2000)."PhillipMerrick,CEO,Webmethods".BusinessWeek.ArchivedfromtheoriginalonMarch29,2016. ^AndrewWarner(June8,2016)."HowCarenMerrickstartedWebMethodsinherbasementandhelpedbuildittoapubliccompanythatsoldfor$546million".Mixergy.RetrievedNovember22,2021. ^webMethods,Inc.S-1RegistrationStatement ^AndreaPetersen(June3,1999)."WebCompanyHelpsComputersDoBusinessWithEachOther".WallStreetJournal. ^ab"Form10-K:AnnualReportfortheFiscalYearEndingMarch31,2001".USSecuritiesandExchangeCommission.April4,2001.RetrievedNovember23,2021. ^JerryKnight(February12,2000)."WebMethodsStockShootsUpinIPO".TheWashingtonPost.RetrievedNovember22,2021. ^PaulR.LaMonica(April1,2019)."ThisIPOmarketisnothinglikelate1990scraziness".CNNBusiness.RetrievedNovember17,2021. ^"webMethodsAcquiresActiveSoftware" ^EugeneGrygo(May22,2000)."webMethodstoacquireActiveSoftwarefor$1.3billion".infoworld.ArchivedfromtheoriginalonDecember8,2007.RetrievedNovember17,2021. ^RoyMark(January26,2001)."WebMethodsAcquiresIntelliFrame".ClickZ.RetrievedNovember21,2021. ^"WebMethodsAgreestoAcquireIntelliFramefor$31.3Million".WallStreetJournal.January26,2001. ^RenaeMerle(October23,2002)."WebMethodsParesItsLosses".TheWashingtonPost.RetrievedNovember22,2021. ^DawnKawamoto(January2,2002)."WebMethods'insidersgaindespitemarketmadness".CNet.RetrievedNovember22,2021. ^WillKilburn(October15,2003)."webMethodsgrabsTheMindElectric,twootherfirms".ADTMagazine.RetrievedNovember22,2021. ^MartinLaMonica(October13,2003)."WebMethodsbuysanewdirection".CNet.RetrievedNovember22,2021. ^"High-techgrowthranked".DeseretNews.October20,2003.RetrievedNovember17,2021. ^"Twoserviceprovidersrankamongfastest-growingtechcompanies".NetworkWorld.October13,2003.RetrievedNovember17,2021. ^RogerHughlett(October5,2004)."WebMethodsCEOresigns".WashingtonBusinessJournal.ArchivedfromtheoriginalonNovember29,2004.RetrievedNovember22,2021. ^ReneeBoucherFerguso(August21,2006)."WebMethodsAcquiresCerebra".eWeek.RetrievedNovember17,2021. ^MartinLeManoica(September11,2006)."WebMethodstobuygovernanceguruInfravio:IntegrationsoftwarecompanyWebMethodsbuildsoutitsSOAproductlinewithInfravio'sregistry".CNet.RetrievedNovember17,2021. ^"UsingWDSLinSOAPApplications" ^StefanTikov(April5,2007)."SoftwareAGAcquireswebMethods".InfoQ.RetrievedNovember23,2021. ^"SoftwareAGtoacquirewebMethods".TheNewYorkTimes.April5,2007.RetrievedNovember23,2021. ^"WebMethodsToBeAcquiredBySoftwareAG;ActivistsWerePushingForSale...SinceYesterday".Barron's.April5,2007.RetrievedNovember23,2021. ^AugustusK.Oliver(April4,2007)."Schedule13D:Generalstatementofacquisitionofbeneficialownership".USSecuritiesandExchangeCommission.RetrievedNovember23,2021. ^EricSavitz(April9,2007)."WebMethods:SpeculationOnHigherBidPersists".SeekingAlpha.RetrievedNovember23,2021. ^"SoftwareAGCompletesWebMethodsAcquisition".InformationWeek.June1,2007.RetrievedNovember23,2021. ^"CarenMerrickforVirginiaSenate".Campaignwebsite.ArchivedfromtheoriginalonApril30,2011.RetrievedNovember22,2021. Externallinks[edit] webMethodsproductpage webMethodsCommunity-partofSoftwareAG'sTechCommunity Retrievedfrom"https://en.wikipedia.org/w/index.php?title=WebMethods&oldid=1065347445" Categories:DefunctsoftwarecompaniesoftheUnitedStatesSoftwarecompaniesestablishedin1996SoftwareAG2000initialpublicofferings2007mergersandacquisitionsCompaniesbasedinReston,VirginiaHiddencategories:ArticleswithshortdescriptionShortdescriptionisdifferentfromWikidata Navigationmenu Personaltools NotloggedinTalkContributionsCreateaccountLogin Namespaces ArticleTalk English expanded collapsed Views ReadEditViewhistory More expanded collapsed Search Navigation MainpageContentsCurrenteventsRandomarticleAboutWikipediaContactusDonate Contribute HelpLearntoeditCommunityportalRecentchangesUploadfile Tools WhatlinkshereRelatedchangesUploadfileSpecialpagesPermanentlinkPageinformationCitethispageWikidataitem Print/export DownloadasPDFPrintableversion Languages DeutschMagyarPolskiРусский Editlinks