WEBM Webmediabrands (MM)

FAIRFAX, Va., Sept. 14 /PRNewswire/ -- webMethods, Inc. (NASDAQ:WEBM), a leading business integration and optimization software company, today announced that Mark Wabschall is resigning as Chief Financial Officer. Mr. Wabschall cited family reasons for his decision. Mr. Wabschall stated that he intends to remain with webMethods through the end of the calendar year and that he intends to sign the company's upcoming quarterly report on Form 10-Q and other filings during the transition period. The Company will immediately begin a retained search for a new Chief Financial Officer to be led by Korn Ferry. David Mitchell, president and CEO of webMethods, said, "I want to thank Mark for his contributions to webMethods and his many personal sacrifices on behalf of the company. I am grateful that he has agreed to remain with the company in order to facilitate an orderly transition." The company also announced that its board of directors has appointed John Andary as Executive Vice President and designated him principal financial officer of the company. Mr. Andary has been engaged by the company on an interim basis and will assume certain of Mr. Wabschall's current responsibilities during the transition period. Mr. Andary is a consultant with more than 30 years of finance and accounting experience. Most recently he served as interim Chief Financial Officer of Covansys Corporation, a publicly-traded global consulting and technology company. Prior to that, he served as Chief Financial Officer of Syntel, Inc., a publicly-traded global information technology services company. Mr. Andary also has held various financial management positions with ADP, Inc. and Unisys Corporation, and worked as an audit manager with Coopers & Lybrand. In addition, webMethods' board of directors has appointed Michael Krone to the position of Chief Accounting Officer. Mr. Krone joined the company as Vice President, Finance in June 2006. Before joining webMethods, Mr. Krone served as an Industry Controller with Bearing Point, Inc. Prior to that, he served as Chief Financial Officer of Enterworks, Inc., a privately-held software company. 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/ . The webMethods name and logo are registered trademarks of webMethods, Inc. in the United States and certain other countries. 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. Actual results of webMethods may differ materially from those indicated by these forward-looking statements as a result of various factors, risks and uncertainties, 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 . DATASOURCE: webMethods, Inc. CONTACT: Christopher Martin, Investor Relations, +1-703-460-6609, , or John Conley, Public Relations, +1-703-460-5996, , both of webMethods, Inc. Web site: http://www.webmethods.com/

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