Friday, 28 March 2008

Software AG Aims to be One of World’s10 Largest Software Companies in Next 5 Years

Business Infrasctrure software provider Software AG recently announced intentions to be one of the ten largest software companies, globally, within the next five years.

Forecasting revenue growth of 24% to 27% in 2008, exceeding 1 billion dollars, the company said it sees an increasing need for large independent players in the fast growing “SOA/BPM” market segment.

Software AG sees “independence” as providing a significant competitive edge. Only independent software companies can provide the bridge between all major software vendors and will play an increasingly significant role in the “SOA/BPM” market development.

Commenting on recent industry reports, the company does not see a trend towards a few, totally dominant IT providers.

“Customers will not allow monopolization”, said Software AG CEO Karl-Heinz Streibich.

“Customer competitiveness based on flexibility and innovation increasingly comes from IT. Customers have long waited for the liberation brought by SOA based business infrastructure software. We see growing demand for software that provides customer-centric solutions”.

This demand for independent companies and further market consolidation will enable Software AG to double its size every five years. Software AG also announced major enhancements across its product portfolio to support customers in utilizing the full potential of their IT infrastructure and partner news including a strategic alliance with GFT technologies AG.

Over the next three years, the company’s ETS division has committed itself to a significant expansion of the product offering for its Adabas database management system and Natural programming language.

To date, Software AG has invested more than 1 billion dollars in development of Adabas and Natural with the company expecting to invest an additional annually over this subsequent time period.

The company’s 2010 Roadmap & Vision for ETS calls for the number of available Adabas components to more than double, with the company undertaking a similar expansion of its Natural platform as well.

“Software AG is leading the mainframe renaissance with the most innovative and comprehensive product offering in ETS’s history,” said Mark Edwards, President and COO of the ETS division and member of the Software AG Executive Board

“By harnessing both SOA and BPM to the full power of the mainframe, we’re bringing the back-office into the front-office. Customers will benefit as this new era of extreme processing puts unprecedented computing power into the hands of those best positioned to capitalize upon it.”