WebMethods: Difference between revisions

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In January, 2001, webMethods acquired IntelliFrame Corporation, which had been part of Computer Network Technology Corporation, for about $31 million.<ref>{{Cite news |title= WebMethods Acquires IntelliFrame |url= https://www.clickz.com/webmethods-acquires-intelliframe/70368/ |work= ClickZ |date= January 26, 2001 |author= Roy Mark |access-date= November 21, 2021 }}</ref><ref>{{Cite news |title= WebMethods Agrees to Acquire IntelliFrame for $31.3 Million |work= Wall Street Journal |date= January 26, 2001 |url= https://www.wsj.com/articles/SB980541400551853026 }}</ref>
Although revenues grew, the company posted operating losses due to the [[early 2000s recession]] following the bursting of the dot-com bubble through 2002.<ref>{{Cite news |title= WebMethods Pares Its Losses |url= https://www.washingtonpost.com/archive/business/2002/10/23/webmethods-pares-its-losses/da7a465b-da36-40cc-a1ab-732468833965/ |work= The Washington Post |date= October 23, 2002 |author= Renae Merle |access-date= November 22, 2021 }}</ref>
Although its share price declined sharply from its peak, it was still high enough for company executives, directors and investors tostill makemade large profits on their stakesshares.<ref>{{Cite news |title= WebMethods' insiders gain despite market madness |author= Dawn Kawamoto |date= January 2, 2002 |url= https://www.cnet.com/tech/services-and-software/webmethods-insiders-gain-despite-market-madness/ |work= CNet |access-date= November 22, 2021 }}</ref>
 
In October, 2003, the company announced it acquired three smaller companies in the integration market, for a combined edtimated value of $32 million.