said the so-called Financial Services Frameworks packages specifically offer help in linking information technology systems devoted to operations, risk management, customer interaction and product development.
WebMethods believes the financial services segment islike its Frameworks products because companies in the industry are constantly forced to install or build applications to support new product lines. The complexity of the financial systems, and rapidly changing market conditions, make it especially tough to keep these applications working together smoothly, company representatives said.
In its operations package, WebMethods offers
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WebMethods and other integration specialists, such as Tibco and SeeBeyond, have traditionally relied on proprietary adapters to link corporate applications. Analysts say these traditional integration companies are suffering from falling revenue in part because of lower-cost integration products built around.
In October 2003, WebMethods acquired three companies including Web services start-up The Mind Electric in an attempt to create a standards-based way to bridge incompatible systems.