Less than two weeks after it made itself available for sale, San Jose, Calif.-based WebGain said Monday it has found a buyer in TogetherSoft.
Raleigh, N.C.-based TogetherSoft said it will acquire WebGain Studio and related assets (Visual Cafi IDE, Quality Analyzer and Structure Builder), Business Designer (business requirements management tool), and Application Composer (component reuse, visual authoring and integration tool).
As part of the proposed acquisition, TogetherSoft intends to take over full support for current WebGain Studio customers including an integration and migration package.
"This acquisition provides a sensible cost-effective solution to sustain WebGain customers and their current development initiatives," said TogetherSoft CFO John Sherbin. "Given our strategic integration and partnership with BEA, TogetherSoft welcomes WebGain customers to benefit from the compatible technologies and we are confident that the addition of WebGain Studio to TogetherSoft's solutions will be a win for our joint customer base and the market overall."
The acquisition will be a boon to BEA, as it partners with TogetherSoft to provide a Java development environment based on BEA WebLogic Server, and TogetherSoft ControlCenter.
"With this technology acquisition, TogetherSoft will be positioned to offer more comprehensive support for Java and J2EE application development," said BEA CTO Scott Dietzen. "One of the great strengths of the BEA WebLogic runtime environment is that it is so well supported by rich tool suites such as Together ControlCenter."
The sale will mark a sad end to WebGain, which saw its company sell off its TopLink data integration product to Oracle back in June. WebGain was in the middle of working with Hewlett-Packard, on a bridge between the Microsoft.NET platform and the Sun Microsystems Enterprise Java platform when the money ran out.
"Upon completion of TogetherSoft's proposed acquisition of WebGain Studio, WebGain's customers will be able to maximize their application development investment while experiencing a level of stability that can only be provided by an industry leader like TogetherSoft," said WebGain CEO Robert Melendres. "TogetherSoft is in the best position to move WebGain's current customers forward and provide them with more advanced application development opportunities in the future."
Financial terms of the deal were not disclosed and no time frame was given for its completion.
As mentioned in a recent Apache Today article "WebGain Sells Java Tools", Open-source Java tools, such as those from Apache, may have been a significant factor in the company's recent decisions.
Reprinted from siliconvalley.internet.com.