CHICAGO, IL, June 9, 2008 – GTCR Golder Rauner, LLC (GTCR), one of the nation’s leading private equity firms, today announced it has signed a definitive agreement to invest in IQNavigator, the leading provider of services procurement software and managed service programs.
Based in Denver, Colorado, IQNavigator’s vendor-neutral Managed Service Programs (MSP) and robust SaaS services procurement platform enable companies to better source, procure, manage and measure all categories of indirect services. IQNavigator is an industry pioneer and innovator, the first company to build a services procurement platform to support all categories of indirect services on a global basis. With extensive domain expertise and innovative technology solutions, IQNavigator helps its customers efficiently turn complex services spend into a new source of value, competitive advantage and continuous bottom-line improvement.
“This is a watershed event for both IQNavigator and our industry, as this investment validates the high potential of the services procurement market segment as well as IQNavigator’s leadership position,” said John P. Raeder, Jr., President and CEO of IQNavigator. “Our market-leading team and software solution are together generating incredible customer benefits and also continually expanding the scope of services procurement.”
“We are excited to take part in this exceptional investment opportunity,” said GTCR Principal Phil Canfield. “We look forward to working with John and his talented team to contribute to the continued growth of the services procurement leader. This agreement illustrates our investment philosophy of partnering with proven management teams to build companies in attractive industries through both organic growth and pursuit of selected acquisitions.”
About GTCR
Founded in 1980, GTCR Golder Rauner, LLC is a leading private equity investment firm and long-term strategic partner for outstanding management teams. The Chicago-based firm pioneered the investment strategy of identifying and partnering with exceptional executives to acquire and build companies through a combination of acquisitions and strong internal growth. GTCR currently manages more than $8 billion of equity capital invested in a wide range of companies and industries. More information about GTCR can be found at www.gtcr.com.
About IQNavigator
IQNavigator is a leading provider of on-demand services procurement software and managed service programs. The company’s award-winning suite of integrated applications enable Global 2000 companies such as Charles Schwab, Entergy, Northrop Grumman, Schlumberger, Shell and Sony Electronics to gain control and visibility into their multi-million-dollar services procurement costs. With proven domain expertise and innovative technology solutions, IQNavigator can help customers quickly and easily turn complex services spend into a new source of value, competitive advantage, and continuous bottom-line improvement. For more information please visit www.iqnavigator.com.
SOA Software Acquires LogicLibrary
Los Angeles, Calif., May 12th, 2008—SOA Software, a leading Integrated SOA Governance Automation vendor, today announced that it has acquired LogicLibrary, a leading SOA Repository and Governance vendor. This acquisition combines two recognized leaders, creating a dominant SOA Governance company with an impressive customer base.
SOA Software is positioned by Gartner, Inc. in the leader’s quadrant of the “Magic Quadrant for Integrated SOA Governance Technology Sets, 2007” [1] report. The Magic Quadrant for Integrated SOA Governance Technology Sets evaluated 18 vendors and summarizes the state of the market for SOA Governance. The company focuses on SOA Policy Governance and SOA Operational Governance with strong registry, policy management, and service management capabilities.
Forrester Research ranks LogicLibrary as a leader in The Forrester Wave: SOA Service Life-Cycle Management Q1 2008 [2]. Forrester states that LogicLibrary provides a broad and comprehensive set of features with the strongest reporting and analytics capability. LogicLibrary focuses on SOA Development Governance with a best-of-breed enterprise repository providing broad support and governance for development assets /services and deep integration and federation with IDEs and application development point solutions.
The combination of the two companies creates the most comprehensive Integrated SOA Governance Automation solution that spans all lifecycle stages and governance types from Planning to Development, Policy, and through Operational Governance. This allows enterprises to accelerate their full adoption of SOA with the rapid delivery of relevant consumable services for distributed and mainframe environments. The discipline of SOA can deliver great cost, agility, and risk management benefits, but with these benefits come a set of challenges imploring the enterprise to make the “right” SOA architecture and governance decisions. This coupled with the rapid maturing of the enterprise SOA environment has driven companies to demand a comprehensive solution for all of their SOA Governance needs.
“We are able to strengthen our company with the addition of LogicLibrary’s complementary technology, team and customers,” said Paul Gigg, president and chief executive officer of SOA Software. “This acquisition combined with our ability to continue to drive product innovation extends our leadership in the Integrated SOA Governance Automation market and makes SOA Software the strongest candidate to succeed as the platform-independent leader in this fast growing market. Now customers have a clear choice for governance across all assets, lifecycle stages, and constituencies that span distributed and mainframe environments”
With enterprise applications and service platforms from companies like IBM, Microsoft and SAP offering built-in platform-optimized governance capabilities it is essential that companies have an enterprise wide SOA Governance solution so that they can be confident that their platforms won’t compromise the fidelity of the governance systems and structures defined in an enterprise SOA program. The addition of LogicLibrary’s technology extends SOA Software’s integration capabilities across Governed Development Platforms (such as IBM, Microsoft and Open Source) as well as Governed Service Platforms (such as IBM, JBoss, Microsoft, and SAP). SOA Software’s platform-independent Integrated SOA Governance Automation solution and Governed Service Platform certification processes ensure that Governed Service Platforms can implement and enforce governance policies proving reporting data to enable a closed-loop audit process.
“The combination of SOA Software’s governance products, with LogicLibrary’s strategy to provide federation with other leading repositories, creates a single solution that provides unparalleled lifecycle and policy governance across all major platforms,” said Alan Himler, chief executive officer and chairman of LogicLibrary. “We are excited to join forces and capitalize on our complementary capabilities by creating the most comprehensive, closed-loop Integrated SOA Governance Automation solution.”
[1] Gartner, Inc. “Magic Quadrant for Integrated SOA Governance Technology Sets, 2007” by L. Frank Kenney, Daryl C. Plummer, December 31st 2007.
[2] The Forrester Wave: SOA Service Life-Cycle Management, Q1 2008 by Larry Fulton.
About the Magic Quadrant
The Magic Quadrant is copyrighted December 31st, 2007 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner’s analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the “Leaders” quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About SOA Software
SOA Software is a leading provider of comprehensive integrated SOA Governance and Mainframe SOA solutions. With a full suite of mature and market-proven products, SOA Software helps enterprises accelerate the full adoption of SOA through all stages of the enterprise lifecycle. SOA Software products provide a comprehensive closed-loop SOA governance solution (Workbench), a strong federation capable SOA repository management solution (Logidex), a high-performance, scalable SOA security, mediation, and management solution (Service Manager), and a mainframe SOA solution for CICS applications (SOLA). SOA Software products process over 500 million mission critical transactions a month and are used by the largest Fortune 1000 corporations, including Merrill Lynch, Verizon, and Pfizer. For more information, please visit: www.soa.com.
SOA Software, Workbench, Logidex, Service Manager, and SOLA are trademarks of SOA Software, Inc. All other product and company names herein may be trademarks and/or registered trademarks of their registered owners.
