Software AG announced it has entered into a definitive agreement to acquire Terracotta. This acquisition will allow Software AG to provide cloud solutions and increase the performance and scalability of its business process excellence platform.
Terracotta’s product portfolio provides in-memory technology and is the de facto caching standard for enterprise Java. Terracotta’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 virtualisation. The acquisition also extends Software AG’s business model options by adding a large and thriving open source community.
This transaction will strengthen Software AG’s market leadership in business process excellence. Terracotta will be the in-memory technology in the Software AG product stack, supporting a highly scalable product portfolio and enabling a much broader usage of Software AG’s products in the most extreme application conditions.
Customers will now have the most advanced technology solution available for analysing vast amounts of data more efficiently and cost-effectively. This will provide vital real-time business information and insights and greater control over business processes and operations.
Founded in 2003, Terracotta is a privately held company with 55 employees in San Francisco and New Delhi and has more than 500,000 deployments of the open source technology.