Reston-based Software AG has reached across the Potomac for its latest acquisition.
The global big data and business intelligence firm bought Chevy Chase-based JackBe last week in a move that will make the 70-person firm the backbone of Software AG’s newly created “webMethods Intelligent Business Operations Platform.”
The product provides real-time information to executives on their business operations, using easy-to-use visuals. The goal is to improve response times and increase the quality of business decisions, according to a news release.
Founded in 2003, JackBe provides real-time visual analytics and business intelligence software to the federal government, manufacturing and financial services sectors. It counts General Electric, Procter & Gamble, Wells Fargo and Intel as customers.
The financial terms of the deal were not disclosed. As part of the transaction, Software AG will purchase JackBe’s local headquarters, its research and development hub in Silicon Valley and an office in Mexico City.
“The amount of produced data is growing exponentially. Consequently, the analysis and visualization of huge data volumes in real time will become more and more the basis for fast and intelligent business decisions,” Software AG’s Chief Technology Officer Wolfram Jost said.
The explosion of information, known as big data, that is now available to companies as a result of faster computing has in fact created growing demand for software that presents the data visually and makes it simple to comprehend quickly.
The Washington region is home to several companies that provide such services, including Tysons Corner-based business intelligence giant MicroStrategy and newer entrants such as Reston-based upstart Zoomdata.
District-based daily deal purveyor LivingSocial managed to avoid further legal wrangling last week after reaching a confidential license agreement with Dallas-based Blue Calypso.
In return, Blue Calypso dismissed a patent infringement lawsuit it filed against LivingSocial last August.
The lawsuit claimed that LivingSocial infringed on Blue Calypso’s patent for a peer-to-peer marketing and digital advertising platform.
LivingSocial’s chief executive Tim O’Shaughnessy is the son-in-law of Washington Post Co. Chairman Donald E. Graham.