Monday, October 13, 2003
webMethods acquires The Mind Electric for $32M
webMethods acquires The Mind Electric for $32M "webMethods, Inc. (Nasdaq: WEBM), the industry's first Web services infrastructure company, today announced that it has signed a definitive agreement to acquire The Mind Electric, Inc. (TME), a leading provider of software for service-oriented architectures. For the first time since the advent of Web services, the combination of webMethods and TME enables companies to deploy secure, scalable, and 100 percent standards-based Service-Oriented Architectures (SOA). The acquired technology provides webMethods with the industry's first, truly vendor neutral solution which non-invasively enhances any Web services implementation."