Infrastructure software vendor Software AG is to acquire almost half of BPM (business process management) software maker IDS Scheer.
Software AG has reached an agreement to buy 48 percent of IDS Scheer's stock from company founders August-Wilhelm Scheer and Alexander Pocsay. The deal is valued at 487 million Euros (NZ$1 billion).
Software AG says the acquisition would lead to growth through sales of the companies' combined service-oriented architecture and BPM products, and through IDS Scheer's strength in SAP consulting services.
The deal would boost Software AG's position as a large independent player in middleware, which is dominated by IBM and Oracle.