RealTime IT News

FBR Cites webMethods Dominance

Friedman, Billings, Ramsey & Co., Inc., is reporting that webMethods, Inc. has captured 31 percent of the license revenue generated by independent integration software vendors during the quarter ended March 31, establishing webMethods as the leader in the integration software market.

The Fairfax, Va.-based company reported license revenues of $32.8 million for the March quarter, representing a 51 percent increase in license revenue over its September 2001 quarter. webMethods has now reported two consecutive quarters of license revenue growth, while its independent integration vendor competitors closed out their most recent quarters with license revenues below those reported two quarters ago.

"Despite a tough economic environment, companies continue to view integration as a top priority," said Phillip Merrick, chairman and chief executive officer of webMethods. "As companies plan their technology investments, they are selecting solid products from vendors they trust to be around for the long term. The September 2001 quarter established a new baseline, and since that time webMethods has reported two consecutive quarters of strong revenue growth and has increased market share by 11 percentage points, while our competitors have struggled unsuccessfully to maintain their market positions."

webMethods has more than 800 customers worldwide, including more than 20 percent of the Fortune 500. Its clients include Bank of America, Citibank, Dell, Eastman Chemical, The Ford Motor Company, Grainger, and Motorola. The company's strategic partners include Accenture, AMS, BMC Software, BroadVision, Cap Gemini Ernst & Young, Deloitte Consulting, EDS, Hewlett-Packard, i2 Technologies, J.D. Edwards, KPMG Consulting, SAP AG and Siebel Systems.