Axway Software Acquires Cyclone Commerce
Axway finalizes merger with Cyclone Commerce
Paris, France and Scottsdale, Ariz. – Axway Software, a wholly owned subsidiary of Sopra Group, and Cyclone Commerce, the Collaborative Commerce Company, finalized the merger of their businesses in the USA on the 29th December 2005.
Axway has acquired 100% of the company Cyclone Commerce in an all cash transaction.
This merger is in line with Axway’s and Cyclone’s global development strategy. The complementary geographic positioning of the two companies creates a global leader in the B2B, SOA and collaborative services domains, capable of serving the needs of the largest multinational corporations.
The products of Cyclone will be maintained and integrated in an updated version of Axway’s XIP integration platform. The 7,000+ clients will thus benefit from expanded offerings in line with the full portfolio of services and expertise currently offered by Axway and Cyclone.
The combined company expects to capitalize on the fast-growing healthcare, financial services, CPG retail and logistics & transportation industries, its key market strengths post merger. After an initial integration phase, the combined operations should grow above 10%, generating revenues estimated between $130-140 million in 2006.
About Axway Software (www.axway.com)
World-recognized leader in Application Integration, Axway provides software solutions and services to enterprises of all sizes, in all sectors, for optimizing their business processes, and ensuring, automating, and enriching internal and external information exchanges. Present in 19 countries, Axway already accelerates the business of some 6,000 public and private clients around the world. Through its flagship global integration offering, the Axway Integration Platform, Axway provides all the software components required for integrating enterprise business processes, monitoring business activity, and connecting trading partners and business applications. More than 700 specialists also help to make Axway a leader in Integration services. We advise enterprises in their architectural choices, help pilot and carry out application integration projects, and accompany clients in optimizing process and product deployment. Enterprises improve the fluidity and efficiency of their information exchanges, providing better service to their clients, developing their B2B partner networks in complete trust, and reducing the internal costs of their business.
About Cyclone Commerce, Inc. (www.cyclonecommerce.com)
Cyclone, the Collaborative Commerce Company, provides solutions that help businesses manage business-to-business processes using a single, integrated platform. Cyclone software allows businesses to act in real-time upon information “in flight” between divisions, customers, suppliers and regulatory bodies by managing trading partner communities, providing visibility into key processes and allowing enterprises to manage exceptions as they occur. Cyclone makes it easy to extend existing enterprise applications and business intelligence investments outside the four walls of an enterprise. Founded in 1996, Cyclone is headquartered in Scottsdale, Arizona.
About Sopra Group (www.sopragroup.com)
A leader in the European consulting and IT services market, with a total workforce of 9200, Sopra Group provides services enabling companies to transform their organization and their information systems. Sopra Group is a total solution provider, from board level consultancy through to the management and implementation of major systems integration and application outsourcing projects. Through its subsidiary Axway, the Group pursues the worldwide deployment of its activities in both application integration and the management of business processes, with a complete range of solutions and services.