$536M Deal for Software AG

April 2007
Red Herring;4/16/2007, Vol. 4 Issue 14, p7
Trade Publication
The article reports that Darmstadt, Germany-based software maker Software AG, has agreed to buy WebMethods Inc. for $546 million in cash to add networking software to its product line and more than double its customer numbers in North America. The deal is part of a plan by chief executive officer of Software AG, Karl-Heinz Streibich, to increase sales and profitability through acquisitions. It is stated that the price was 26 percent higher than Fairfax, Virginia-based WebMethods' closing price the previous day. Software AG, will get clients including pharmaceutical company Johnson & Johnson and Exxon Mobil, the world's largest publicly traded oil company.


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