WebMethods: Difference between revisions

Revision as of 23:46, 23 November 2021

Revision as of 00:08, 24 November 2021

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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">{{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.sec.gov/Archives/edgar/data/0001035096/000095013301501723/w50455e10-k.htm |access-date= November 23, 2021 }}</ref>

In February 2000, webMethods had its [[initial public offering]] (IPO) on the [[NASDAQ]] exchange.<ref name="IPO NASDAQ" /> TheJust quickbefore risethe ofoffering, itsthe share price isrose givenfrom asits anplanned example$13 to $35, and in its first day of thetrading, [[dot-comclosed bubble]].<ref>{{Citeover news$212 |title=per Thisshare. IPOThe marketcompany israised nothingonly like$175 latemillion, 1990swhile crazinessbeing |work=valued CNNat Businessalmost |author= Paul$7 Rbillion. LaAlthough Monicathe term "[[Unicorn (finance)|date=unicorn]]" Aprilwas 1,not 2019yet |url=used, https://www.cnn.com/2019/04/01/investing/ipo-one-day-stock-gains/index.html |access-date=analyst said November"The 17market is kind of foaming at the mouth on three-letter buzzwords, 2021like }}</ref>B2B and XML".<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 quick rise of its share price is given as an example of the excess 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>

The IPO allowed webMethods in April 2000 to acquire Premier Software Technologies, Inc. and TransLink Software, Inc. , and in August 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.