Software, a Germany-listed computer group, has agreed to buy US peer Terracotta from its corporate venturing backers.
Terracotta has completed at least two rounds of post-seed funding from a consortium including investment bank Goldman Sachs, which has used the portfolio company’s products on its trading room floors, and Presidio, the corporate venturing unit of Japan-based conglomerate Sumitomo and its subsidiaries, including Sumisho Computer Systems.
Terracotta was originally backed by venture capital firms Benchmark Capital and Accel Partners.
Terracotta’s in-memory technology for enterprise Java is expected to increase the performance and scalability of Software’s business process excellence platform.
Founded in 2003, Terracotta has more than 500,000 deployments of its open source technology, including the majority of the Fortune 2000.