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MarketScreener Homepage  >  Equities  >  Xetra  >  Software    SOW   DE000A2GS401

SOFTWARE

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Software : Acquires Built.io to Accelerate Leadership in Hybrid and Cloud Integration

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09/28/2018 | 07:15am EDT

DGAP-News: Software AG / Key word(s): Takeover
Software AG Acquires Built.io to Accelerate Leadership in Hybrid and Cloud Integration

28.09.2018 / 13:07
The issuer is solely responsible for the content of this announcement.


PRESS RELEASE

Software AG Acquires Built.io to Accelerate Leadership in Hybrid and Cloud Integration

- Built.io's use of modern Node.js technology enables a new and fast-growing community of developers to implement integration projects faster and cheaper

- Built.io Flow extends availability of iPaaS to both new developer communities and line of business users

- Integrating Built.io Flow with Software AG's leading iPaaS, IoT, API Management and B2B capabilities uniquely delivers a comprehensive integration offering that is unmatched in the market

Darmstadt, Germany, September 28, 2018 - Software AG (Frankfurt TecDAX: SOW) today announced the acquisition of Built.io, a San Francisco based market leading iPaaS company. Founded by serial entrepreneurs Nishant Patel, Neha Sampat and Matthew Baier, software vendor Built.io introduced its iPaaS offering, Built.io Flow(TM) in 2015. It has subsequently been named a Challenger in Gartner's 2018 "Magic Quadrant for Enterprise Integration Platform as a Service" and was named a Cool Vendor in the report "Cool Vendors in Pervasive Integration, 2016".

Built.io's Flow and Embed products will come together as a single integrated offering with Software AG's globally recognized webMethods Integration platform.

Customers will benefit from easy-to-use and robust integration solutions leading to significantly accelerated time-to-value, critical to the success of IoT and digital transformation solutions.

"The unified vision guiding Built.io Flow was to make it faster and easier to connect any software, system or device," said Nishant Patel, Chief Executive Officer of Built.io. "Built.io Flow uses a modern architecture to democratize integration and embed it into any product or SaaS service. I am thrilled that Software AG recognized the potential of combining the agility of our cloud-native integration platform with its proven webMethods platform to enable powerful enterprise integration and digital transformation. With our leadership in cloud integration and Software AG's leadership in digital transformation through enterprise integration, we are jointly able to offer customers the world's most advanced hybrid integration platform."

The acquisition opens Software AG's webMethods integration capabilities to any Node.js developer and allows for enterprise wide participation in integration projects. It also opens Software AG's application and B2B integration and API portfolios to fast-growing developer communities and a near limitless innovation pool - as seen by participation in the upcoming Node+JS Interactive, the world's largest gathering of Node.js developers, taking place in Vancouver on October 10-12.

"This is an extremely significant acquisition for Software AG to expand its position in the growing iPaaS market and we are delighted to welcome Built.io to the Software AG Group" said Dr. Wolfram Jost, Chief Technology Officer at Software AG. "Cloud integration is at the heart of the digital transformation with 80 percent of the work in IoT projects related to integration. In a world of decentralised IT architectures based on microservices, APIs and events, integration is the core capability enabling end-to-end processes and improving customer experiences. Speed and flexibility in implementing integration projects are playing an increasingly important role in business success. Broadening developer participation within the enterprise, within departments and within open source communities demonstrates our commitment to fully addressing today's customer needs."

Built.io also extends Software AG's iPaaS offering to the small- and medium-sized business market. Software AG's webMethods integration Cloud's focus on enterprise customers is complemented by Built.io's extensive experience in addressing the SMB market and in empowering line of business users within the modern enterprise.

With Built.io Flow, Software AG can now also deliver industry-leading integration via a completely embedded offering: An elegant, cloud-based integration solution that can be easily incorporated into any SaaS application. This enables end users to quickly integrate third party data from over 300 sources directly into their application, providing meaningful context and powerful insights.

Core capabilities added via Built.io include:

- Instant integration through self-service access to Built.io Flow

- An award-winning visual integration design experience

- Tools that enable non-technical users to connect data in the context of their integration projects.

To download Gartner's 2018 Magic Quadrant for Enterprise iPaaS click here.

For a Built.io Flow free trial click here.

To meet Built.io at Node+JS Interactive click here.

For upcoming Software AG events click here.

Gartner Disclaimer:

*Gartner "Magic Quadrant for Enterprise Integration Platform as a Service" by Keith Guttridge, Massimo Pezzini, Eric Thoo, Bindi Bhullar, Betty J. Zakheim, 18 April 2018.
Gartner "Cool Vendors in Pervasive Integration, 2016" by Eric Thoo, Massimo Pezzini, Keith Guttridge, Elizabeth Golluscio, Ehtisham Zaidi, 10 May 2016.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

###

Software AG (Frankfurt TecDAX: SOW) helps companies with their digital transformation. With Software AG's Digital Business Platform, companies can better interact with their customers and bring them on new 'digital' journeys, promote unique value propositions, and create new business opportunities. In the Internet of Things (IoT) market, Software AG enables enterprises to integrate, connect and manage IoT components as well as analyze data and predict future events based on Artificial Intelligence (AI). The Digital Business Platform is built on decades of uncompromising software development, IT experience and technological leadership. Software AG has more than 4,500 employees, is active in 70 countries and had revenues of EUR 879 million in 2017.

To learn more, visit www.softwareag.com.


Software AG | Uhlandstraße 12 | 64297 Darmstadt | Germany

Detailed press information about Software AG including a picture and multimedia database are available under: www.softwareag.com/press

Follow us on Twitter: Software AG Germany | Software AG Global

Contact:

Bärbel Strothmann <baerbel.strothmann@softwareag.com>
Senior Manager, Corporate Communications
Tel: +49 (0) 6151 92 1502

Byung-Hun Park <
byung-hun.park@softwareag.com>
Head of Global Corporate Communications
Tel: +49 (0) 6151 92 2070


28.09.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Software AG
Uhlandstraße 12
64297 Darmstadt
Germany
Phone: +49 (0)6151 92-1900
Fax: +49 (0)6151 92-34 1899
E-mail: Investor.Relations@softwareag.com
Internet: www.softwareag.com
ISIN: DE000A2GS401
WKN: A2GS40
Indices: MDAX, TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

 
End of News DGAP News Service

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© EQS 2018
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