Merrill Turns The Tables - InformationWeek
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Merrill Turns The Tables

Call it a man-bites-dog story. Merrill Lynch has sold a homegrown Web-services tool to its Web-services vendor, SOA Software Inc. Merrill sold a tool called X4ML, something its developers built in 2001 to make its legacy CICS transaction systems available as Web services. The price wasn't disclosed. SOA Software will rename the software Service Oriented Legacy Architecture, and begin selling it early next year for $125,000. But first, IT had to convince Merrill top management that it could be sold, and then that it wasn't giving away an advantage. It came down to a choice between continuing to develop it in-house or sell it to a vendor capable of funding development. That dog won the day.

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