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Darmstadt, Germany, 7/31/2013
The Supervisory Board of Software AG (Frankfurt TecDAX: SOW) has extended the contract of CEO Karl-Heinz Streibich (60) for additional five years, until July 31, 2018. The Supervisory Board is relying on continuity and stability in the leadership of Germany’s second-largest IT company, believing that Streibich's entrepreneurial vision is instrumental to Software AG's success.
“Especially as the company is currently transforming to the market leader in Business Process Excellence, continuity at the top is vital for Software AG and necessary to successfully implement our path to growth. Therefore, we are also counting on continuity in our leaders and the future direction of the company,” said Dr. Andreas Bereczky, Chairman of Software AG’s Supervisory Board.
Streibich has led Software AG since 2003. Sales and earnings have more than doubled during his tenure. Today, Software AG is one of the world's 50 largest software companies. Offering innovative software solutions, the Group is forging ahead in new areas of technology and aims to achieve sales of about €1 billion (2012: €384.7 million) in the Business Process Excellence (BPE) business line alone by 2018. The company is investing in sales and marketing around the world in order to accelerate growth and increase market share. At the same time, Software AG plans to extend its technology leadership in integration platforms for enterprise software to additional areas through acquisitions like those in the second quarter.
About Software AG
Software AG (FRA: SOW) helps organizations achieve their business objectives faster. The company's big data, integration and business process technologies enable customers to drive operational efficiency, modernize their systems and optimize processes for smarter decisions and better service. Building on over 40 years of customer-centric innovation, the company is ranked as a leader in 15 market categories, fueled by core product families Adabas and Natural, ARIS, Terracotta and webMethods. Software AG has ca. 5,300 employees in 70 countries and had revenues of €1.05 billion in 2012. Learn more at www.softwareag.com.
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