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May 23, 2011 11:42 am GMT

Software AG Buys Terracotta To Boost In-Memory, Cloud Offerings

Software AG, a provider of business process management solutions with revenues of 1.1 billion in 2010, has acquired Terracotta, which develops and markets software for application scalability, availability and performance.Terms of the acquisition were not disclosed, but I'm told the deal value amounted to "upper-middle double digits" (in millions of euros). Terracotta has raised over $23 million in funding from investors like Accel Partners, DAG Ventures, Benchmark Capital and Goldman Sachs.

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