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| name = webMethods Inc.
| logo = WebMethods (logo).png
| type =
| parent = [[Software AG]]
| foundation = 1996
| fate = Acquired by [[Software AG]], Acquried by [[IBM]]
| ___location = [[Reston, Virginia]]
| founder = Phillip Merrick<br />Caren Merrick
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==History==
The company was founded in 1996 by married couple Phillip Merrick (who was chief executive) and Caren Merrick (who was vice president for marketing using the name Caren DeWitt at the time) 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 The company's first product, called the Web Automation Server was released in August 1996; this was later superseded by the webMethods B2B Server also called as [[
Initially, the founders used their savings and credit cards to keep the company operating in their house in [[Fairfax, Virginia]].<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>
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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
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 April 2000.
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/ |newspaper= The Washington Post |date= October 23, 2002 |author= Renae Merle |access-date= November 22, 2021 }}</ref><ref name="10K" />
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In 2011, Caren Merrick ran as a [[Republican Party (United States)|Republican]] for the Virginia state senate, saying her history with webMethods made her a "jobs creator", but was defeated by [[Barbara Favola]].<ref>{{Cite web |title= Caren Merrick for Virginia Senate |work= Campaign web site |url= http://carenmerrick.com/heavy-content-page |url-status= dead |archive-url= https://web.archive.org/web/20110430141031/http://carenmerrick.com/heavy-content-page |archive-date= April 30, 2011 |access-date= November 22, 2021 }}</ref>
In 2023, [[IBM]] acquired webMethods along with streamsets from Software AG.<ref>{{Cite web |title=IBM to Acquire StreamSets and webMethods Platforms from Software AG |url=https://newsroom.ibm.com/2023-12-18-IBM-to-Acquire-StreamSets-and-webMethods-Platforms-from-Software-AG |access-date=2024-07-02 |website=IBM Newsroom |language=en-us}}</ref> The acquistion was completed on 1st July 2024.<ref>{{Cite web |title=IBM Completes Acquisition of StreamSets and webMethods, Bolstering its Automation, Data and AI Portfolios |url=https://newsroom.ibm.com/2024-07-01-IBM-Completes-Acquisition-of-StreamSets-and-webMethods,-Bolstering-its-Automation,-Data-and-AI-Portfolios |access-date=2024-07-02 |website=IBM Newsroom |language=en-us}}</ref>
==See also==
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