Software AG
 |
|
| Aktiengesellschaft | |
| Traded as | : SOW OTCQX: |
| Industry | Computer software |
| Founded | 1969 |
| Headquarters | Darmstadt, Germany |
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Key people
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Karl-Heinz Streibich (CEO and chairman of the executive board), Andreas Bereczky (Chairman of the supervisory board) |
| Products | Business process management software and consulting (including ARIS Express, webMethods, ADABAS, Natural) |
| Revenue | €857.8 million (2014) |
| €166.9 million (2014) | |
| Profit | €110.6 million (2014) |
| Total assets | €1.849 billion (end 2014) |
| Total equity | €1.013 billion (end 2014) |
|
Number of employees
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4,421 (FTE, 2014) |
| Website | www.softwareag.com |
Founded in 1969, Software AG is an enterprise software company with over 10,000 enterprise customers in over 70 countries. The company is the second largest software vendor in Germany, the seventh largest in Europe and among the top 25 globally. Software AG is traded on the Frankfurt Stock Exchange under the symbol “SOW” and part of the technology index TecDAX.
The company was founded in 1969 by a group of six young employees at the consulting firm AIV (Institut für Angewandte Informationsverarbeitung). ADABAS was launched in 1971 as a high performance transactional database management system. In 1979 Natural, a 4GL application development language, was launched. The company continued to open offices and subsidiaries in North America (1971), Japan (1974), UK (1977), France (1983), Spain (1984), Switzerland, Austria, Belgium and Saudi Arabia (1985). By 1987 Software AG had around 500 employees, 12 subsidiaries in Europe and offices in more than 50 countries. In 1999 Software AG was listed on Frankfurt Stock Exchange and soon after the company released Tamino Information Server and Tamino XML Server.
In January 2005, Software AG acquired Sabratec Ltd, a privately held legacy integration vendor headquartered in Israel. This was followed-up by the acquisition of its Israeli distributor SPL software in March 2007 and the application modernization business of another Israeli company, Jacada in December 2007, which formed the basis for its research and development center in Israel.
The company launched Centrasite SOA Governance platform in 2006 and with the $546M acquisition of U.S. rival webMethods in 2007 Software AG became one of the leaders in enterprise service bus, business process management and service-oriented architecture (SOA) product space.
In July 2009, Software AG announced a takeover offer for the Germany-based company IDS Scheer AG. Since February 2010, IDS Scheer is part of the Software AG Group. In October 2010, the company acquired New Jersey based Data Foundations, a leading master data management provider.
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