WebMethods: Difference between revisions

Revision as of 20:24, 22 November 2021

Revision as of 21:14, 22 November 2021

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'''webMethods''' was an enterprise software company, acquired by [[Software AG]], focused on application integration, business process integration and B2B partner integration. Founded in 1996, the company sold systems for organizations to use [[web service]]s to connect software applications over the Internet. In 2000, the company stock shares rose over 500% the first day it was publicly traded.<ref name="IPO NASDAQ">{{Cite news |url= http://latimesblogs.latimes.com/technology/2011/05/linkedins-109-pop-on-first-day-of-trading-isnt-close-to-dotcom-era-ipos.html |work= Los Angeles Times |author= Nathan Olivarez-Giles |title= LinkedIn's 109% pop on first day of trading isn't close to 'dotcom era' IPO jumps |date= May 19, 2011 |access-date= November 17, 2021 }}</ref>

In 2007 webMethods was acquired by [[Software AG]] for $546 million and was made a subsidiary. By 2010 the webMethods division accounted for almost half of the parent company's revenues.<ref name="revenues">{{Cite web |title= Software AG reports record results for fiscal year 2010 |url= http://www.softwareag.com/corporate/Press/pressreleases/20110127_Q4_Results_page.asp |url-status= dead |date= January 27, 2011 |work= Press release |access-date= November 21, 2021 |archive-url= https://web.archive.org/web/20110927071622/http://www.softwareag.com/corporate/Press/pressreleases/20110127_Q4_Results_page.asp |archive-date= September 27, 2011 }}</ref> Software AG retained the webMethods name, and uses it as a brand to identify a software suite encompassing process improvement, [[service-oriented architecture]] (SOA), IT modernization and business and partner integration.

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The company was founded in 1996 by Phillip Merrick and Caren Merrick to use Web standards such as [[Hypertext Transfer Protocol]] (HTTP) and (later) [[XML]] to allow software applications to communicate with one another in real time. This type of technology would later be referred to as "[[web service]]s". The company's first product, called the "Web Automation Server" was released in August 1996; this was later superseded by the "[[WebMethods Integration Server]]", which was the company's first product to see significant commercial use.

Initially, the founders used their savings and credit cards to keep the company operating.<ref name="businessweek">{{Cite news |title= Phillip Merrick, CEO, Webmethods |url= http://www.businessweek.com/2000/00_20/b3681088.htm |work= Business Week |date= May 15, 2000 |url-status= dead |author= David Rocks |archive-date= March 29, 2016 |archive-url= https://web.archive.org/web/20160329213707/http://www.businessweek.com/2000/00_20/b3681088.htm }}</ref><ref>{{Cite web |title= How Caren Merrick started WebMethods in her basement and helped build it to a public company that sold for $546 million |work= Mixergy |author= Andrew Warner |url= https://mixergy.com/interviews/webmethods-with-caren-merrick/ |date= June 8, 2016 |access-date= November 22, 2021 }}</ref>
By 1999 the company had clients such as [[DHL Express]], [[Dell]], [[Dun & Bradstreet]] and [[Hewlett-Packard]], and had completed several rounds of venture capital investment.<ref name="s-1">[http://ipo.nasdaq.com/edgar_conv_html/1999/11/19/15/0000950133-99-003716.html#009 webMethods, Inc. S-1 Registration Statement]</ref> In March 1999 the company entered into a partnership with [[SAP AG]] to create an SAP-focused integration product called the [[SAP Business Connector]]. The company's revenue went from around $0.5M in 1997 to $14M in 1999 and $202M in 2001.<ref name="10K">[http://www.secinfo.com/dsvRq.4F9Uk.htm#3ki8 webMethods, Inc. 10-K Filing 3/31/01]</ref>

In February 2000, webMethods had its [[initial public offering]] (IPO) on the [[NASDAQ]] exchange.<ref name="IPO NASDAQ" /> The quick rise of its share price is given as an example of the [[dot-com bubble]].<ref>{{Cite news |title= This IPO market is nothing like late 1990s craziness |work= CNN Business |author= Paul R. La Monica |date= April 1, 2019 |url= https://www.cnn.com/2019/04/01/investing/ipo-one-day-stock-gains/index.html |access-date= November 17, 2021 }}</ref>