webMethods to Acquire Infravio, the Leading Independent SOA Registry and Governance Company
September 11 2006 - 7:55AM
PR Newswire (US)
Addition of Infravio's Extensive SOA Governance Capabilities
Accelerates webMethods' Marketplace Momentum FAIRFAX, Va., Sept. 11
/PRNewswire-FirstCall/ -- webMethods, Inc. (NASDAQ:WEBM), a leading
business integration and optimization software company, today
announced that it has entered into a definitive agreement to
acquire privately-held Infravio, Inc. for approximately $38 million
in cash. The deal is expected to close during the month of
September 2006 and it is anticipated to be accretive to webMethods'
earnings per share (EPS) beginning with the quarter ending March
31, 2007. Infravio is the leading pure-play provider of
service-oriented architecture (SOA) registry and governance
solutions. SOA governance enforces the policies and procedures that
determine how developers, IT staff and business users leverage and
utilize services throughout the entire SOA lifecycle, from initial
design and run-time to ongoing changes in the system. SOA
governance creates alignment and enables collaboration across these
disparate groups while allowing each participant to maintain their
own distinct view of services and policies. "Infravio has been the
key to governing Providence Health System's award-winning,
enterprise-scale SOA," said Mike Reagin, CTO, Providence Health
System, Oregon. "This has enabled us to consolidate acquired
systems and dramatically improve the flexibility of
mission-critical IT systems." Once integrated within the webMethods
Fabric(TM) product suite, Infravio's leading SOA registry and
governance solutions, coupled with the semantic metadata
technologies recently acquired from Cerebra, will enable users to
accelerate SOA adoption throughout their enterprise. Customers will
benefit from these enhanced capabilities in two distinct ways: --
Guided SOA Governance(TM) -- SOA best-practices built into the
product make a wealth of knowledge immediately accessible to users,
while interactive tutorials are used to shorten the learning curve.
This approach rapidly extends user proficiency, ensuring greater
consistency and quality in the development process while reducing
costly trial-and- error. -- Enterprise-scale SOA -- webMethods'
integrated SOA platform helps organizations deliver and maintain
service-level agreement (SLA) backed, enterprise-class Quality of
Service while also facilitating expanded reuse of services. These
additional features enabled or improved by Infravio include
automatic content validation, service level agreement management,
security enforcement, versioning and impact analysis, with
Infravio's patent-pending contracts manager, Service Delivery
Contracts(TM), used to improve the configurability and agility of
services. These features are further enhanced by webMethods'
recently acquired semantic metadata technology, which describes
business assets in common, clear terms, facilitating broader and
simpler reuse across the enterprise. According to leading industry
analysts, SOA governance is essential to a successful enterprise
SOA. Specifically, Gartner, Inc. states [Service-Oriented
Architecture Craves Governance by Paolo Malinverno (January 20,
2006)], "[s]ervice-oriented architecture governance isn't an option
-- it's an imperative. The bigger the SOA is, the more governance
it needs, and the more-complex the governance roles and mechanisms
must be. Governance arrangements take a long time to design and
install, and are difficult to enforce, but without them, every SOA
project out of pilot phase is at risk." "With the acquisition of
Infravio, combined with our recent acquisition of Cerebra, we are
demonstrating our commitment to doing SOA the right way -- a way
that actually addresses real market needs and challenges," said
David Mitchell, president and CEO, webMethods, Inc. "With the
addition of these industry leading products, we continue to
capitalize on the leadership that we have established while
positioning ourselves for accelerated growth in one of the fastest
growing segments for IT spend." Infravio's award-winning products
and expertise have been leveraged throughout numerous Fortune 1000
customer implementations, including Allianz Life, Level 3
Communications, Lockheed Martin, The McGraw-Hill Companies,
MCI-Verizon, Providence Health System, and Sprint-Nextel. "The
strategic importance of governance cannot be overstated as this
separates SOA from just a bunch of Web services," said Srinivas
Balasubramanian, CEO and co-founder, Infravio, Inc. "As our
customers demonstrate, SOA governance is critical to delivering the
reliability and assurances associated with enterprise-class,
business-critical performance and its equally fundamental to
achieving positive, long-lasting return on investment." Infravio's
registry, repository and SOA governance solutions are expected to
be integrated within the webMethods Fabric product suite by the
calendar fourth quarter of 2006. In the interim, Infravio's current
products will continue to be offered on a standalone basis.
Infravio has approximately 65 employees, including 50 developers in
its offshore development facility in Chennai, India. The
acquisition is subject to customary closing conditions. Conference
Call Information: webMethods will host a conference call at 8:30
a.m. Eastern Time today to discuss the company's acquisition of
Infravio. The conference call will be available via telephone by
dialing 1 (877) 468-1591 in North America or 1 (706) 679-0585
outside North America, or via webcast at
http://www.webmethods.com/investors. A replay of this call will be
available through September 15, 2006. Please dial 1 (800) 642-1687
in North America and 1 (706) 645-9291 outside North America,
confirmation number 6252826. About webMethods, Inc. webMethods
(NASDAQ:WEBM) provides business integration software to integrate,
assemble and optimize available IT assets to drive business process
productivity. webMethods delivers an innovative, enterprise-class
business integration platform that incorporates proven integration
technology with next generation capabilities into one interoperable
set of tools that delivers a unique combination of efficiency,
agility and control. webMethods combines industry leadership with a
zealous commitment to customers to deliver tangible business value
to more than 1,400 global customers. 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/. About Infravio, Inc. Infravio, Inc.
is The SOA Governance Company. Founded in 1999, Infravio has deep
expertise through award-winning Fortune 1000 customer projects. The
Infravio X-Registry(TM) Platform provides SOA builders with
visualization, design time, run time, and change governance across
the lifecycle. It features the patent pending Service Delivery
Contracts(TM) to improve the configurability and agility of
services. Headquartered in Cupertino, California, Infravio is
backed by venture capital firms, Walden International and Crystal
Ventures. The webMethods name and logo are registered trademarks
of, and webMethods Fabric is a trademark of, webMethods, Inc. All
other marks mentioned are trademarks or service marks of their
respective companies. This press release contains various remarks
about the future expectations, plans and prospects of webMethods
that constitute forward-looking statements for purposes of the safe
harbor provisions of the U.S. securities laws. In some instances,
forward-looking statements can be identified by the use of the
words "believes," "anticipates," "plans," "expects," "intends,"
"may," "will" or similar expressions. Specific forward-looking
statements relate to the closing of the acquisition of Infravio and
future market opportunities for, performance of, and integration of
Infravio's technology into, webMethods' products, solutions and
services. Actual results of webMethods may differ materially from
those indicated by these forward- looking statements as a result of
various risks and uncertainties, including: closing of the
acquisition is subject to various closing conditions; the impact of
economic conditions, geopolitical factors, seasonal factors,
competitive and pricing pressures, terrorism and related
uncertainties in the U.S. and abroad on the company's customers and
prospects and their IT spending budgets and priorities; variations
in the size and timing of customer orders and demand for software
offered by webMethods; the impact of rapid technological change;
and these and other risks and uncertainties discussed more fully in
webMethods' SEC filings, including those discussed in the "Risk
Factors" section of webMethods' Form 10-K for the year ended March
31, 2006, which is on file with the U.S. Securities and Exchange
Commission and may be accessed at http://www.sec.gov/ or
webMethods' investor relations web page at
http://www.webmethods.com/investors. 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. DATASOURCE: webMethods, Inc. CONTACT: Christopher
Martin, Investors, +1-703-460-6609, , or Media: David Precopio,
+1-774-266-3400, , or Alexis Carena, Industry Analysts,
+1-703-460-6611, Web site: http://www.webmethods.com/
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