Pramati Acquires WaveMaker Assets from VMware.
Pramati to Use WaveMaker's Visual Rapid Application Development (RAD) Platform to Grow and Enhance Cloud-Based Java™ Development.
SAN FRANCISCO, May 1, 2013 - Pramati, a software engineering firm and incubator of innovative technology companies that address new business opportunities in cloud, mobile, social and big data, has officially announced the acquisition of certain assets of WaveMaker from VMware. WaveMaker, acquired by VMware in March 2011, is a visual Rapid Application Development (RAD) software platform that will be used to grow and enhance Pramati's cloud-based Java development capabilities. Terms of the transaction were not disclosed.
WaveMaker simplifies the process of building enterprise Java applications to boost both developer productivity and quality, without compromising flexibility. WaveMaker applications are cloud-ready, highly scalable, multi-device, and backed by a strong developer community that has doubled to 35,000 active monthly users over the last two years. With its long heritage of mission-critical Java application development, Pramati expects to accelerate this growth going forward.
"The acquisition of WaveMaker is integral to Pramati's ongoing strategy to efficiently bring together skills, capital, customer relationships and leading technologies that can quickly take advantage of market opportunities," said Vijay Pullur, President of Pramati. "WaveMaker elegantly enhances our existing Java and cloud development capabilities. Over the years, Gartner and other respected voices have recognized us as a leader in Java technologies. The WaveMaker acquisition uniquely allows us to extend our leadership, while extending the reach of Java to non-expert developers and users."
WaveMaker uniquely helps its users build standard enterprise Java applications using a visual drag-and-drop paradigm that streamlines development time, significantly reducing written code.
"WaveMaker was designed to bring high-quality Java applications to market quickly and efficiently," said Charles Fan, senior vice president of R&D, Storage and Application Services, VMware. "Pramati is an established technology company with expertise in cloud and Java technologies. We are delighted that WaveMaker customers are in good hands."
The addition of WaveMaker underscores Pramati's support for Java standards in the cloud computing era. The Pramati portfolio of companies includes SocialTwist, a social referral marketing platform focused on customer acquisition and retention, and Imaginea, a technology services company that offers advisory, strategy, product development, and implementation services. About WaveMaker Software
WaveMaker's visual, drag and drop tools significantly flatten the Java learning curve enabling any developer to build enterprise web applications that deploy to a standard Java platform. WaveMaker's WYSIWYG studio creates standard Java applications with significantly less code, boosting developer productivity and quality without compromising flexibility. WaveMaker applications are cloud-ready and include built-in support for multiple devices, multi-tenancy and elastic scaling. WaveMaker is has a 35,000-strong developer community and customers like the Centers For Disease Control, Macy's and KANA. For more information, visit http://www.WaveMaker.com. About Pramati
Founded in 1998, Pramati is a software engineering firm with over 600 skilled engineers. It is also a technology incubator that builds companies to rapidly capture new market opportunities in the disruptive technologies of social, mobile, cloud and big data. Among its companies are SocialTwist (www.socialtwist.com), a social referral marketing platform focused on customer acquisition and retention, and Imaginea (www.imaginea.com), a technology services company that offers advisory, strategy, product development, and implementation services. Qontext, an enterprise social collaboration platform and Pramati company, was acquired by Autodesk in 2012. Pramati companies serve global customers like Morgan Stanley, ICICI Bank, Visa, Kimberly-Clark, Sara-Lee, Western Union, and many others. Visit Pramati at http://www.pramati.com.
Jay Kolbe (for Pramati) 646-499-1059
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