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Mercury Spends $105 Million on Private Firm

It buys Systinet of Burlington, Mass.
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Mercury Interactive


agreed to acquire Systinet Corp., a privately held software company, for $105 million in cash.

Systinet specializes in so-called "service-oriented architecture" products, which help different programs talk to each other through the Web services protocol. The five-year-old firm is based in Burlington, Mass.

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"We believe the combination of Mercury and Systinet will immediately position us as a leader in the high-growth SOA market," said Mercury, whose shares were delisted from the


last week after it failed to meet filing deadlines for certain financial statements.

Mercury expects the acquisition to cut its per-share earnings this year and add to them in 2007. It is expected to close the transaction in the first quarter.