Fairfax, VA May 2, 2002 Integration specialist webMethods has seen its market share rise from 20 percent last September to 31 percent at the end of the first quarter, according to a report this week out of the investment community.
The report, from investment company Friedman, Billings, Ramsey & Co., which makes a market in webMethods, showed the integration software provider's licensing revenues jumping to $32.8 million in the first quarter, representing a 51 percent increase in license revenue over the third quarter of 2001.
That gave the company nearly one-third of the reported $106.3 million in revenues pulled in by the top five providers in this market during the first three months of this year.
Overall, revenues for the top five integration software providers were down in the first quarter from $110.9 million for the third quarter of last year and $127.2 million for the fourth quarter.
The investment company's report showed TIBCO Software with a market share equal to that of webMethods at 31 percent. TIBCO's results for the first quarter represented an increase of 1 percentage point compared to the third quarter of last year. SeeBeyond followed at 20 percent in the first quarter, against 19 percent in the third quarter.
The report showed Vitria and Mercator Software each with 9 percent of the market among the top five providers.
"Despite a tough economic environment, companies continue to view integration as a top priority," said Phillip Merrick, chairman and CEO of webMethods, in a statement.
Morgan Stanley's latest poll of chief information officers confirms Merrick's optimism. In the survey released March 21, 56 percent of CIOs responding to the poll said that application integration is a top priority for 2002.
