Sparxent to Acquire Data Integration Company, XAware

* Reuters is not responsible for the content in this press release.

Wed May 6, 2009 1:00pm EDT

Third recent acquisition by Sparxent will enable tight integration of software
applications for middle market customers

SALT LAKE CITY, May 6 /PRNewswire/ -- Sparxent, Inc., an IT and business
solution provider focused on medium-sized companies, today announced it signed
a letter of intent to acquire XAware, Inc., a commercial open source company
focused on developing real-time data integration solutions. With the addition
of XAware, Sparxent will significantly simplify the process of integrating
software applications in an existing environment and eliminate the need for
custom code development. Based in Colorado Springs, Colo., XAware has a track
record of developing technologies designed to accelerate the task of building
access across multiple data sources. Exact terms of the transaction were not
disclosed.

"XAware is one of the fastest growing commercial open source companies in
North America and we are delighted XAware has agreed to become a part of
Sparxent," said Dave R. Taylor, Sparxent co-founder. "With the addition of
XAware technologies and expertise, we can offer our middle market customers
tighter integration across their software applications, thereby enabling them
to realize additional value from their existing investments."   

In today's IT market, the real value to an organization is located at the data
level. A leading analyst firm estimates the handling of complex data across
multiple data sources now accounts for more than 67 percent of all application
development efforts. Sparxent will utilize XAware technologies to integrate
data stores quickly and easily, addressing the problem of software
applications operating in a silo. XAware technologies provide rich data
integration which allows data to flow back and forth across multiple
applications within the IT environment. Previously, this deep level of
integration was costly and, therefore, primarily only available to
enterprises. With XAware, Sparxent plans to offer medium sized companies a
cost effective and powerful solution that tightly integrates both the data
sources and applications layer.

"We are seeing a fundamental shift in today's complex IT environment whereby
mission critical integration needs to occur at the data level, not only the
application level," said Tim Harvey, chief executive officer of XAware. "Our
sole focus has been reducing the time and expense our customers expend
integrating new applications and data sources into their environment so they
can quickly realize the benefits of new IT services. We believe this mission
is highly complementary to the Sparxent vision for its mid-market customers."

XAware solutions avoid the need to create custom code when building data
services, thereby dramatically reducing the time required to aggregate and
integrate data from multiple sources. Using service-oriented architecture
(SOA), XAware offers bi-directional, real-time data access to service-enable
data for Web 2.0 and other integration services. XAware solutions are built on
open source, offering both a low cost of entry and a high level of integration
with existing legacy systems. This makes the XAware solution particularly
attractive to medium sized companies. 

XAware has a strong roster of industry partners - IBM, Sun, and Atos Origin -
and customers - Synovus Financial Corporation, The State of New Mexico and
Hire a Hero, a leading online professional employment site for veterans. In
September 2008, Network World recognized XAware as one of the top ten open
source companies to watch. Today, the XAware.org community is very active with
over 10,000 members contributing to the development of the code. 

The proposed transaction would be the third acquisition for Sparxent since
August 2008 and provides a strategic component in the company's overall plan
of offering both integrated technology and broad service solutions for its
customers. Sparxent consults with medium sized companies on an individual
basis to identify and deliver the specific IT solution that is best suited to
achieve their overall business goals.

About Sparxent
Sparxent is a leading technology and business solution provider focused
exclusively on the middle market. By combining global best-of-breed
capabilities with hands-on local professionals, Sparxent is a comprehensive
and single source for IT consulting, software and services. For more
information, visit the website at www.sparxent.com. 


SOURCE  Sparxent, Inc.

Karl F. Stetson of Edelman, +1-206-268-2215, Karl.Stetson@edelman.com, for
Sparxent, Inc.
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.