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Axway Finalises Acquisition of Vordel
By: Business Wire
Nov. 26, 2012 01:00 AM
Axway (Paris:AXW) (NYSE Euronext: AXW.PA) has finalised the acquisition of Vordel, a leader in software technologies that enable enterprises to deliver APIs for Cloud and Mobile.
As stated in the intent to acquire Vordel, published on 7 November 2012, Axway Software has concluded the acquisition of 100% of Vordel Limited and subsidiaries.
The transaction was finalised after the successful conclusion of negotiations between the two companies and consultation meetings of the appropriate Works Councils. The acquisition is a cash transaction. All of Vordel's worldwide revenues will be consolidated from November 2012.
For Axway, the acquisition enhances its position in the API and Identity management market, enabling it to take the leadership position in an emerging and promising market segment. API Management expands Axway's MFT, B2B and integration heritage, providing customers with a single solution to own the enterprise edge and govern flows of data that extend to Cloud and Mobile access.
The Irish company Vordel was founded in 1999 in Dublin and employs 55 people. Vordel recorded 2011 revenue in excess of €8 million, up 30% compared with 2010 and is expected to deliver similar growth in 2012 and 2013. Vordel's technology is deployed in more than 200 companies in the US, UK Continental Europe, Latin America and Asia Pacific.
Tuesday, 19 February 2013: publication of annual results
Wednesday, 20 February 2013: SFAF analysts' meeting, Paris
Vordel's products enable enterprises to deliver APIs to cloud, mobile, and partners. The Vordel API Server is an enterprise-ready, unified API platform to manage, deliver and secure APIs. Global enterprises rely on the Vordel API Server to deploy mission-critical APIs and extend existing IT infrastructure to keep up with the rapid change in mobile and cloud computing technologies. Vordel has global enterprise customers including banking, healthcare, insurance, manufacturing, media, pharmaceutical, telecoms, utility and government organisations. To learn more and obtain a free evaluation of Vordel's products, go to: www.vordel.com and follow us on twitter and our Blogs.
Axway (NYSE Euronext: AXW.PA), the Business Interaction Networks specialist, is a software publisher with more than 11,000 customers in 100 countries. For more than 10 years, Axway has provided and introduced technical solutions allowing companies who are leaders in their market to exchange, integrate, manage, secure and govern their strategic exchange transactions across the world, in order to speed up their performance.
Our solutions, reputed by the industry and proposed for on premise management or hosted on the Cloud (on demand), integrate B2B solutions, MFT (Managed File Transfer), the monitoring of industry-related processes, securing emails and authentication, associated with professional services and Managed Services.
Axway, whose headquarters is in France and whose Executive Management is based in the United States, also has offices around the world.
For more information, consult our website: www.axway.com.
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