WebMethods: Difference between revisions

Revision as of 23:26, 23 November 2021

Revision as of 23:40, 23 November 2021

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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>

[[Mayfield Fund]] and FBR Technology Venture Partners (an arm of [[Friedman Billings Ramsey]]) were among investors.<ref>{{Cite news |title= Web Company Helps Computers Do Business With Each Other |url= https://www.wsj.com/articles/SB928361338781494591 |work= Wall Street Journal |date= June 3, 1999 |author= Andrea Petersen }}</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 $500,000 in 1997 to $14 million in 1999 and $202 million in 2001.<ref name="10K">[http{{Cite web |title= Form 10-K: Annual Report for the Fiscal Year Ending March 31, 2001 |date= April 4, 2001 |publisher= US Securities and Exchange Commission |url= https://www.secinfosec.comgov/dsvRq.4F9UkArchives/edgar/data/0001035096/000095013301501723/w50455e10-k.htm#3ki8 webMethods,|access-date= Inc.November 10-K23, Filing2021 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><ref>{{Cite news |title= WebMethods Stock Shoots Up in IPO |work= The Washington Post |author= Jerry Knight |date= February 12, 2000 |url= https://www.washingtonpost.com/archive/business/2000/02/12/webmethods-stock-shoots-up-in-ipo/5a7d6f16-67ac-445f-9b01-07530533c27b/ |access-date= November 22, 2021 }}</ref>

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Active Software had acquired Alier Inc., TransLink Software Inc. and Premier Software Technologies Inc.

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>

AlthoughWhile revenues grew, the company posted continuing 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><ref name="10K" />

Although its share price declined sharply from its peak, company executives, directors and investors still made large profits on their shares.<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>