webMethods Completes Acquisition of Dante Group
Acquisition Delivers Industry's Most Advanced Business Activity Monitoring Offering
CONTACT:
Jenny Song
Media Relations
703-251-6457
JSong@webMethods.com
Sarah Welz
Media Relations
703-251-3207
SWelz@webMethods.com
FAIRFAX, VA and BOULDER, CO. October 09, 2003
webMethods, Inc. (NASDAQ:WEBM) , the industry's first Web services infrastructure company, today announced that the company has completed the acquisition of The Dante Group, Inc., a Colorado-based provider of business activity monitoring software. This acquisition enables webMethods to offer customers the industry's only product built from the ground up for real-time business activity monitoring and enterprise event management. Dante's software product, to be renamed webMethods Optimize(TM), delivers real control to decision-makers over current and future business events.
Through the acquisition, webMethods is also obtaining Dante's patent-pending Fingerprinting technology, enabling webMethods Optimize to learn behavioral patterns that impact business goals, events and activities. Fingerprinting allows enterprises to anticipate and recommend likely diagnosis and treatment plans of recognized problems to ensure quick resolutions and permanent improvements to business operations.
"With this acquisition, webMethods further fulfills its promise of delivering market-changing solutions that allow companies to run, measure and optimize their business," said Phillip Merrick, chairman and CEO of webMethods, Inc. "webMethods customers will immediately benefit from a field proven solution which has been implemented on top of the webMethods Integration Platform."
About webMethods, Inc.
webMethods (NASDAQ:WEBM) is the industry's first Web services infrastructure company. webMethods' innovative integration, Web services, portal and analytic solutions enable more than 950 enterprise customers worldwide to run, measure and optimize their business. webMethods is headquartered in Fairfax, Va., with offices throughout the U.S., Europe, Asia Pacific and Japan. More information about the company can be found at http://www.webmethods.com/.
webMethods is a registered trademark, and Global Business Visibility and webMethods Optimize are trademarks, of webMethods, Inc. in the USA and certain other countries. All other company and product names are the property of their respective owners.
This press release may contain various remarks about the future expectations, plans and prospects of webMethods that constitute forward-looking statements for purposes of the safe harbor provisions of U.S. securities laws, such as statements regarding webMethods' new products and services and their performance, the anticipated dates of availability of acquired products, the size and strength of webMethods' markets, webMethods' future financial performance and cost savings, the anticipated contributions to webMethods' future financial performance of acquired products or businesses, the timeframes by which webMethods anticipates the acquisitions will be accretive, and the business outlook of webMethods.
The actual results of webMethods may differ materially from those indicated by these forward- looking statements as a result of various important factors, including those discussed under the heading "Factors That May Affect Future Operating Results" in the Business section of webMethods' Form 10-K for the year ended March 31, 2003, and in the "Management's Discussion and Analysis" section of webMethods' Form 10-Q for the quarter ended June 30, 2003, which are on file with the U.S. Securities and Exchange Commission and may be accessed at www.sec.gov or webMethods' investor relations webpage at www.webMethods.com.
webMethods disclaims any obligation to update or correct any forward-looking statements made herein due to the occurrence of events after the issuance of this press release.
