WebMethods: Difference between revisions

Revision as of 23:40, 23 November 2021

Revision as of 23:46, 23 November 2021

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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>

The IPO allowed webMethods in April 2000 to acquire ActivePremier Software (basedTechnologies, inInc. [[Santaand TransLink Software, Inc. Clara, California]]and in OctoberAugust 2000 to acquire Active Software for an estimated $1.3 billion in stock shares.<ref name="internetnews">[http://www.internetnews.com/bus-news/article.php/376351/WebMethods+Acquires+Active+Software.htm "webMethods Acquires Active Software"]</ref><ref name="wmActiveSoftware">{{Cite news |title= webMethods to acquire Active Software for $1.3 billion |url= http://www.infoworld.com/articles/hn/xml/00/05/22/000522hnwebmethods.html |work= infoworld |date= May 22, 2000 |author= Eugene Grygo |url-status= dead |archive-date= December 8, 2007 |archive-url= https://web.archive.org/web/20071208010535/http://www.infoworld.com/articles/hn/xml/00/05/22/000522hnwebmethods.html |access-date= November 17, 2021 }}</ref>

Active Software, a public company based in [[Santa Clara, California]] and founded in 1994, 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>

While 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" />