ICON advises Universal Messaging specialist my-Channels on its sale to Software AG ICON; Corporate Finance has advised my-Channels on its sale to Software AG
(M2 PressWIRE Via Acquire Media NewsEdge) Frankfurt TecDAX: SOW -- my-Channels provides extremely fast (low latency) messaging software which will enable Software AGs customers to integrate their enterprise applications, cloud based applications, and mobile devices through a unique, universal messaging layer. Customers will now have the ability to stream large volumes of critical data to employees, customers and partners anywhere, over any channel and to any device. This is a major step in implementing Software AGs strategy for the in-memory management of Big Data.
This acquisition, as an integral part of our portfolio strategy, will give our customers a huge competitive advantage. An advantage in terms of the performance of their internal enterprise communications today and in the flexibility and scalability provided in adopting new information delivery channels, as they emerge, to external customers, said Software AG CTO, Dr. Wolfram Jost. This technology will play a fundamental role in customers successfully and cost effectively implementing their own Cloud, In-memory, Big Data or Mobile application strategies.
my-Channels was founded in 1999 and has its headquarters in London. Nirvana, my-Channels message oriented middleware technology, guarantees delivery of real-time data between multiple platforms and to enterprise, Internet, Cloud and mobile users. It is used primarily in the financial sector as an enterprise class, low latency platform that streams real time data to customers and partners. It is currently in use by banks that account for 40% of the global FX market volume and provides streaming for four of the top eight FX e-platforms by market share. It is being increasingly adopted by a wide range of businesses, from e-Commerce to the public sector, that need flexibility, scalability and real-time data delivery across a growing number of channels, application frameworks and devices.
"From the outset of our conversations with Software AG it was very clear that the incorporation of my-Channels Nirvana into Software AG's existing product suite made complete sense", says my-Channels CEO, Paul Brant. "I am very confident that this acquisition, and the technology integration that will follow, will also make sense to both my-Channels and Software AG customers. The combination of the two product portfolios will open many new application areas that will be of great interest to our customers."
Eddie Harding of ICON Corporate Finance who advised my-Channels management on the sale said There is a very strong strategic fit to this acquisition. Nirvana has been widely accepted as the fastest solution for real time streaming of data across Enterprise, Web and Mobile clients within the Financial Services sector, and this transaction gives the opportunity to scale it across a wide range of other verticals throughout Software AGs global customer base.
Software AG plans to certify interoperability of my-Channels Nirvana with the webMethods suite to coincide with the release of Nirvana 7 in Q2 2012. The first integrated release is targeted for Q4 2012, which will give customers a choice of messaging options within their webMethods integration platform implementations.
ICON is an award winning firm of corporate finance advisers to companies and management teams in high growth technology sectors such as: software, telecoms, defence, security, services, med tech, advanced materials, clean tech, e-commerce, digital media and internet technologies.
About Software AG
Software AG is the global leader in Business Process Excellence. Our 40 years of innovation include the invention of the first high-performance transactional database, Adabas; the first business process analysis platform, ARIS; and the first B2B server and SOA-based integration platform, webMethods.
We offer our customers end-to-end business process management (BPM) solutions delivering low Total-Cost-of-Ownership and high ease of use. Our industry-leading brands, ARIS, webMethods, Adabas, Natural, CentraSite and IDS Scheer Consulting, represent a unique portfolio encompassing: process strategy, design, integration and control; SOA-based integration and data management; process-driven SAP implementation; and strategic process consulting and services.
Software AG had revenues of 1.1 billion in 2011 (IFRS, unaudited) and has more than 5,500 employees serving about 10,000 enterprise and public institution customers across 70 countries. Our comprehensive software and services solutions allow companies to continuously achieve their business results faster. The company is headquartered in Germany and listed on the Frankfurt Stock Exchange (TecDAX, ISIN DE 0003304002 / SOW).
For further details contact:
Eddie Harding, Director, ICON Corporate Finance +44 (0) 7775 997 409 or +44 (0) 207 152 6375 e:email@example.com
For full details on our other recent transactions, please visit www.iconcorpfin.co.uk
ICON Corporate Finance Ltd is regulated by the Financial Services Authority and is a member of the BVCA.
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