Software AG acquires leading in-memory and cloud enabling technology provider Terracotta Inc. With this acquisition Software AG will not only provide innovative cloud solutions and dramatically increase the performance and scalability of its Business Process Excellence platform but also extends it’s business model options by adding a large and thriving open source community.
Terracotta’s product portfolio provides leading edge in-memory technology and is the de facto caching standard for enterprise Java. And, it’s in-memory processing will provide the foundation technology for Software AG’s cloud offerings. With in-memory data access up to 1,000 times faster than database access, this will enable Software AG to increase revenue with existing and new customers through significantly larger business process excellence projects encompassing complex event processing, mobile technology, cloud distribution and virtualization.
Founded in 2003, Terracotta is a privately held company with 55 employees in development centers in San Francisco and New Delhi. With more than 500,000 deployments of the open source technology, including the majority of the Fortune 2000, Terracotta is behind some of the most widely-used software for application scalability, availability and performance.
“Cloud computing has been gaining momentum in the Middle East in light of region-wide efforts to establish knowledge-based economies. The acquisition of Terracotta will enable Software AG to gain a strategic position within a region that is aggressively expanding its IT infrastructure and looking more towards cloud computing as an important growth-enabling tool for its business and technology sectors,” added Marco Gerazounis, Senior Vice President, Software AG Middle East.
Software AG expects to release the first combined products in the fourth quarter, 2011. The company’s cloud based Platform-as-a-Service (PaaS) roll-out will be in 2012.
