RealTime IT News

Verity Picks Up Business Processing

In a move to expand its position in the burgeoning business process management (BPM) space, Verity acquired software maker Dralasoft for $8 million in cash.

The privately held software company from Westminster, Colo., makes Java-based BPM and business activity monitoring software, which Verity will use to flesh out its own portfolio of BPM products. Dralasoft customers include Xerox, Hummingbird and Sony.

BPM software corrals activities performed via computers, such as receiving orders, invoicing, shipping products, updating employee information, or setting a marketing budget. That it gathers crucial information is a key prospect to help enterprise remain up to par with compliance regulations like SEC 17a-4 and Sarbanes-Oxley.

Dralasoft's Workflow employs a graphical orchestration engine to integrate workflows into Java software systems. Government, retail and telecommunications businesses use Workflow, which supports BPEL , XML , SOAP , LDAP , HTTP and JDBC standards.

Verity will apply Workflow, which includes a drag-and-drop modeling application and management component, to its content services and process automation software. Dralasoft also offers a BPEL Orchestrator to let programmers build business processes that use Web services. .

Owing in part to the rising popularity of Web services and the automation capabilities they promise, BPM has been gaining in popularity by software vendors who see the value of harnessing business orders through distributed computing.

Oracle, IBM , BEA Systems and Microsoft all have active designs for BPEL, which some experts say is a $1 billion market.

Verity will retain all Dralasoft employees, including founder President and CTO Suresh Ramaswamy, who will serve as vice president of BPM strategy. He will report to Mark Seamans, Verity's senior vice president of research and development.

Verity, which is offering Dralasoft products immediately, will soon detail re-branding initiatives and maintenance programs.

In related news, Verity also inked an agreement with Yahoo! in which its enterprise customers can simultaneously search internal repositories and relevant Web content indexed by Yahoo! Search.

Verity also reported revenues for the second quarter $37.6 million, an increase of 30 percent year-over-year.