Software AG, Europe's largest systems software and service-oiented achitecture (SOA) provider, and webMethods, Inc., a leading business integration and optimization software company, announced that they have entered into a definitive agreement for Software AG to acquire webMethods in a cash tender offer for $9.15 per share or approximately $546 million.
This transaction will significantly strengthen the combined company's leadership in the fast-growing SOA and business process management (BPM) markets. 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.
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