Software AG

#3510

Rank

$2.57B

MarketCap DE

DE Germany

Country

Summary
Software Aktiengesellschaft provides software development, licensing, maintenance, and IT services in Germany, the United States, and internationally. It operates through three segments: Digital Business Platform, Adabas & Natural, and Professional Services. The company offers Internet of Things (IoT) and analytics solutions comprising Cumulocity IoT for integrating digital equipment and sensors through an IoT device management and application enablement platform, as well as provides streaming analytics for big data analytics in real time and solutions for predictive analytics, artificial intelligence (AI), and machine learning; and TrendMiner, an intuitive Web-based analytics platform for visualization of industrial processes and process data. It also provides webMethods that integrate systems, applications, and processes through application programming interfaces or direct connections and orchestrate them in the form of microservices; ARIS for modeling, documenting, and optimizing business processes; Alfabet, which enables enterprise architecture mapping and optimal decision making for IT investments; Adabas & Natural for transaction processing; and CONNX for data integration, virtualization, and replication. In addition, the company offers professional services, which include implementation, development, and upgrade/migration services. Further, it has strategic alliance with Persistent System to develop industry solutions and accelerators for healthcare and life sciences; banking, financial services, and insurance; and telecommunications. Software Aktiengesellschaft was founded in 1969 and is headquartered in Darmstadt, Germany.

History

The company was founded in 1969 by six young employees at the consulting firm AIV . One of the founders was the mathematician Peter Schnell, who later became chairman of the board for many years. ADABAS was launched in 1971 as a high-performance transactional database management system. In 1979, Natural, a 4GL application development English-like language, that was mainly developed by Peter Pagé, was launched. The company continued to open offices and subsidiaries in North America , Japan , UK , France , Spain , Switzerland, Austria, Belgium, and Saudi Arabia . 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 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 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.In May 2011, Software AG acquired Terracotta, Inc. and Metismo Ltd.

Terracotta Inc is a leader in the field of in-memory technology for high-performance applications and cloud services. Especially the middleware platform WebMethods should benefit from this acquisition.

Metismo Ltd. has an extremely flexible and versatile platform for the development of device-independent mobile applications. It enables the design and development of applications and the automatic transformation in the different formats of mobile devices.In April 2012, Software AG announced buying the British technology provider my-Channels.

With My-Channels, Software AG gained in-house access to universal messaging technology that allowed the company to transfer their data streams quickly and safely to the cloud and mobile applications.In March 2013, Software AG invested in Berlin-based company metaquark, which is specialized in mobile software. The aim is to jointly develop the webMethods Mobile Suite.In April 2013, Software AG bought the US cloud platform provider LongJump. The platform as a service offers modules and templates for building and running business applications in the public or private cloud settings.On June 13, 2013, Software AG acquired alfabet AG. Alfabet is a software provider of enterprise architecture and IT portfolio management.On June 13, 2013 Software AG announced purchased the Apama Complex Event Processing platform of Progress Software. The platform provides an environment for the design and operation of CEP applications providing tools and graphical analysis and test capabilities for analysts, developers and administrators.Software AG acquired JackBe in August 2013 to serve as the foundation for its Intelligent Business Operations Platform, which provides analytics and decision management for real-time applications.In December 2013, Software AG invested in big data analytics company Datameer, which offers self-service Big Data Analytics and "to follow cutting edge technology trends".On March 27, 2017 Software AG announced the acquisition of Cumulocity GmbH, based in Düsseldorf, Germany.On June 12, 2018 Software AG acquired the Belgian self-service analytics company, TrendMiner NV. TrendMiner specializes in visual data analytics for the manufacturing and process industry.

Corruption allegations

In July 2017 allegations emerged in South Africa that Software AG made "kickback" payments by entering into questionable commission agreements with a Gupta-controlled company in the hope of securing lucrative state contracts.

"Software AG an internal investigation after a media report alleged it had paid kickbacks as part of a wide-ranging South African scandal..."


Mission
The name "Software AG" may never appear on your online banking screen, your candy wrapper or the cup from your barista. You may never see "Software AG" in the movie's credits, on your mouse or on the side of the plane you just flew —but our software is virtually everywhere. The fact is leading brands use Software AG technology every day to serve you better.

Vision
Our vision is to be the technological leader and thought leader at the crossroads of the digital transformation, continuously innovating and driving the market forward.

Key Team

Dr. Benno Quade (Group COO & Member of Management Board)

Dr. Astrid Kasper (Sr. VP of Corp. Communications, Sustainability & Public Affairs)

Mr. Joshua Husk (Group Chief Revenue Officer & Member of Management Board)

Ms. Dawn Colossi (Chief Marketing Officer)

Mr. Bernd Gross (Chief Technology Officer)

Mr. Robin Colman (Sr. VP of Corp. Devel. & Investor Relations)

Martin Clemm (Sr. VP of Global Legal & Gen. Counsel)


Recognition and Awards
In 2018, Software AG was named one of the world’s top 10 most innovative companies in data-driven business technology by Forbes magazine. It also received the 2019 German Innovation Award and was ranked #1 in Software AG’s Customer Satisfaction Index for the fourth straight year.

References
Software AG
Leadership team

Mr. Sanjay Brahmawar (Chairman of the Management Board & CEO)

Dr. Matthias Heiden (CFO & Member of Exec. Board)

Dr. Stefan Sigg (Chief Product Officer & Member of Management Board)

Products/ Services
Big Data, Enterprise Software, Software
Number of Employees
1,000 - 20,000
Headquarters
Darmstadt, Hessen, Germany
Established
1969
Net Income
100M - 500M
Revenue
500M - 1B
Traded as
SOW.F
Social Media
Fri Feb 23 2024
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