| WebMethods Inc. |
3930 Pender Dr.
Fairfax, Va. 22030
Year founded: 1996
Industry: Information Technology
Revenue: $187.80 Million
Net Income/Loss: ($22,200,000.00)
Earnings per share: ($0.43)
Stockholder equity: $203.90 Million
Auditor: PricewaterhouseCoopers LLP
Assets: $280.40 Million
Market capitalization: $540.98 Million
52-week high: 12.17 1/22/2004
52-week low: 7.24 8/6/2003
Chairman and CEO: Phillip Merrick
President and COO: David Mitchell
Local employees: 280
Description: WebMethods links software programs and companies doing business with one another online.
Developments: Dot-com survivor WebMethods expanded its product offerings in 2003 by buying three companies in October for a total of $32 million. The company bought Mind Electric, a Dallas-based company that makes software tools for customers building or connecting Web-based programs, and named its chief executive, Graham Glass, as WebMethods' new chief technology officer. The company also acquired Dante Group, a business-activity-monitoring software company based in Colorado, and assets from software developer DataChannel that are designed to allow WebMethods to offer its customers software that can pull data from various computer systems and networks and display them on one screen. Each of the acquisitions gives WebMethods a corresponding new product; in the case of Dante Group, the company acquired a software program that monitors a company's revenue and profit and tries to analyze the decline if they fall below a certain level. Though WebMethods enjoyed a great deal of buzz during the dot-com boom, it has reported a profit in only one quarter—its fiscal fourth quarter ended March 31, 2003, in which it earned $157,000. Though the company's fiscal year ends March 31, the numbers above reflect the 2003 calendar year in order to better compare WebMethods with other area companies. The recent purchases added 40 employees to WebMethods' workforce, but the company has continued to tighten its belt elsewhere. In February, it closed an office in Berkeley, Calif.
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