Content deleted Content added
m Updated |
m Added info on how the name originated Tags: Visual edit Mobile edit Mobile web edit |
||
Line 17:
Founded in 1996, the company sold systems for organizations to use [[web service]]s to connect software applications over the Internet. In 2000, the company stock shares rose over 500% the first day it was publicly traded.<ref name="IPO NASDAQ">{{Cite news |url= http://latimesblogs.latimes.com/technology/2011/05/linkedins-109-pop-on-first-day-of-trading-isnt-close-to-dotcom-era-ipos.html |work= Los Angeles Times |author= Nathan Olivarez-Giles |title= LinkedIn's 109% pop on first day of trading isn't close to 'dotcom era' IPO jumps |date= May 19, 2011 |access-date= November 17, 2021 }}</ref>
'''Why is it called webMethods?''' According to founder Phillip Merrick: ''The idea of a "webMethod" is what today we call a web service. What we (webMethods) offered was the ability to effectively make API calls (i.e. web API calls) into functions offered through web servers. Hence webMethods. Microsoft gave us a backhanded compliment some years later when they adopted the term webMethods for a web API call in .NET!''
In 2007 webMethods was acquired by [[Software AG]] for $546 million and was made a subsidiary. By 2010 the webMethods division accounted for almost half of the parent company's revenues.<ref name="revenues">{{Cite web |title= Software AG reports record results for fiscal year 2010 |url= http://www.softwareag.com/corporate/Press/pressreleases/20110127_Q4_Results_page.asp |url-status= dead |date= January 27, 2011 |work= Press release |access-date= November 21, 2021 |archive-url= https://web.archive.org/web/20110927071622/http://www.softwareag.com/corporate/Press/pressreleases/20110127_Q4_Results_page.asp |archive-date= September 27, 2011 }}</ref>
| |||