Systinet Bought by Mercury Interactive Corporation
Today, Mercury Interactive Corporation (OTC: MERQ), a provider of business technology optimization (BTO) software, announced it has signed a definitive agreement to acquire Systinet Corporation, a privately held company, for $105.0 million in cash.
The following details were provided to ebizQ:
Systinet is a leading provider of service-oriented architecture (SOA) governance and lifecycle management software and services. Customers use Systinet technology to manage SOA business services and to build secure and reliable Web services. Systinet technology, when combined with Mercury BTO Enterprise™ offerings, will help enable customers to take a lifecycle approach to optimizing the quality, performance and availability of SOA business services.
“We believe the combination of Mercury and Systinet will immediately position us as a leader in the high-growth SOA market,” said Tony Zingale, chief executive officer at Mercury. “Mercury continues to grow our BTO offerings to help customers optimize the business outcomes of their IT initiatives. Systinet’s technology and deep expertise in SOA combined with Mercury’s strong BTO market leadership introduces powerful product synergies and the ability to address a broader set of customer opportunities in the fast growing SOA market.”
Systinet SOA products provide a “system of record” and a set of governance and lifecycle capabilities that help provide the visibility, control, quality and integrity critical to SOA success. Systinet products deliver capabilities for publishing and discovering business services; creating, managing and enforcing policies; and managing the full lifecycle of business services and other SOA assets. Key Systinet products include:
- Systinet Registry, which is a widely adopted business service registry for organizing, managing, discovering, and publishing reusable business services and other SOA assets;
- Systinet Policy Manager, which streamlines policy creation and management and automates service validation to help ensure only conforming services are published into production.
"We are very excited to join with Mercury to accelerate our ability to help customers optimize the business outcomes of their SOA initiatives,” said Thomas Erickson, president and chief executive officer of Systinet. “The combination of Systinet SOA solutions and Mercury BTO Enterprise will provide Mercury customers with a more comprehensive approach to achieving reliable and predictable business outcomes from SOA initiatives.”
Mercury plans to leverage Systinet products to help customers mitigate the risk to business outcomes of SOA initiatives. Customers will be able to use Mercury and Systinet offerings to deliver predictable, consistent business results from SOA initiatives; provide the control and visibility required to ensure the reuse of business services, and optimize the quality, performance and availability of SOA applications.
The acquisition is subject to customary closing conditions and certain regulatory approvals, is expected to close during the first quarter of 2006 and is expected to be dilutive to Mercury’s earnings in 2006 and accretive in 2007.