Software AG to acquire webMethods

Software AG announces it has entered a definitive agreement to acquire webMethods in a cash tender offer of $9.15 per share or approximately $546 million.

The companies report the transaction will significantly strengthen their position in the service-oriented architecture and business process management arenas. Together, the companies bring an expanded product portfolio to a global customer base of more than 4,000 organizations and 100 partners in complementary geographies around the globe. Specifically, Software AG will more than double its customer base in North America.

They claim the combination also brings complementary industry strengths and minimal customer overlap, providing immediate and mutual access to additional customer segments, particularly in financial services, manufacturing and the public sector.