« ePayment's Moneybookers Bought Out By PE Firm For €105M | Main | Paris' Trace.TV Takes Strategic Funding From Universal Music Group »
March 28, 2007
Austria's Carlyle-backed UC4 Buys Appworx
Austria's UC4 Software is buying Bellevue, WA's AppWorx. The company makes the claim to be the first truly global and independent provider of IT process automation and optimization solutions. Financial details of the transaction were not disclosed.
UC4 sells enterprise job scheduling and data center automation while AppWorx sells event-driven business application automation and batch integration technology.
The Carlyle Group, which owns 80% of UC4 Software, has supported the merger with a follow-on investment in UC4.
UC4 recently released financial data indicating that in the first three quarters of 2006 ithad total revenue of USD 29.5M (EUR 22.9M) – this corresponds to an increase of 23% over the same period of the previous year.
Read - Application Automation and Job Scheduling Vendors Join Forces to Apply New Focus on End-to-End Process Management Challenges (Press release)
Posted on March 28, 2007 06:42 PM | Posted to Financial Software | Permalink
Trackback Pings
TrackBack URL for this entry:
http://www.thealarmclock.com/mt/mt-tb.cgi/3922
