Thursday, 27 December 2007

Software AG one of Top 5 Largest Software Companies in Europe

Software AG has been named one of Europe’s five largest software companies according to the “Truffle 100 Europe” report – a leading ranking of the top 100 European software companies.

Software AG climbed one spot in this year’s rankings, trailing just SAP, SAGE, Dassault Systems and Business Objects in terms of total software revenue worldwide. Based on current exchange rates, Software AG’s most recent guidance calls for the company to surpass 1 Billion dollars in annual revenue in 2008, making the company one of the twenty-five largest software companies in the world.

“Our data clearly shows that the European software industry is succeeding in reversing the brain drain of the 1990s, when many qualified IT employees sought jobs outside Europe. Last year the Truffle 100 invested Ђ3.3bn in R&D and employed 175 000 people,” commented Bernard-Louis Roques, General Partner IT at Truffle Capital.

“This is excellent news for European economies, which will profit greatly by increased employment throughout the software industry.”

Software AG acquired the US company webMethods Inc. for USD 546 million in June, 2007-- one of the largest pure software deals in the history of the European IT industry—establishing the German company as a global leader in business infrastructure software, rapidly growing its Business Process Management (BPM) and Service-Oriented Architecture (SOA) markets in both the US and Europe.

“With operations in over seventy countries, Software AG is one of the industry’s most globally-focused software companies. Over 85 percent of our revenue is outside Germany with the USA our largest market. Building on this foundation, we’re committed to being the global leader in business infrastructure software.” said Karl-Heinz Streibich, Chief Executive Officer, Software AG.

“We believe that the industry needs large, independent vendors to drive innovation and provide customer choice. As evident by the industry recognition that we’ve garnered for our technology and our target of doubling revenue by 2011, we’ve made significant strides towards achieving this objective.”