German company takes control of foreign firm to acquire cloud and memory assets
In-memory and cloud to enable high-performance Java applications for cloud services
By ECM Plus staff
ECM Plus +++ /Frankfurt, Germany/ +++ The German software firm Software AG has just acquired Silicon Valley innovator Terracotta’s portfolio of products and services which the German firm said will form the foundation of its new in-memory and cloud offerings.
According to Frankfurt-Germany-based Software AG, the combined portfolio will increase revenue with existing customers and expand opportunities with new enterprise customers.
The German software giant added that it would also gain access to Terracotta’s large open source community.
The firm also stated that the acquisition would also enable it to offercloud and to increase performance and scalability of its business process platform.
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