Software AG has won a landmark deal with a global investment bank that sees its CentraSite SOA registry and repository product used to manage the largest SOA project the firm said it has ever encountered.
Software AG’s Jim Close, UK country manager, said Software AG hopes to be able to identify the customer in question in the next couple of months. This is the biggest SOA that we know of. This is a global investment bank that has 50,000 services in its SOA, he said.
Software AG developed a proof of concept for the firm, and since then has won the deal. It will be using Software AG’s CentraSite, a registry, repository, and SOA governance product developed in conjunction with Fujitsu, to underpin its SOA plans.
Our SOA governance capabilities are incredibly strong, said Close. This is demonstrated by our CentraSite Community, which sees partner companies like AmberPoint, Vordel, Seagull, and Ilog buying into the repository idea to make services [in the repository] auto-discoverable from within their products.
Close said he is not yet able to reveal the customer’s name, the value of the deal, or any additional details, but it will certainly go some way to helping Software AG achieve its goal of doubling revenue in the next five years to reach 1bn euros ($1.3bn) by 2011.
That plan will be achieved through a mix of organic growth and acquisitions. Software AG says it has up to 700m euros ($921.7m) in cash and debt financing to spend on M&A activity. There are strong noises from the board that there are a couple of acquisitions in the pipeline that could happen this year, said Close.
In fiscal 2006 the company saw sales growth of 10% to 483m euros ($635.8m), while net income rose 18% to 73.2m euros ($96.4m).