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Darmstadt, Germany , 6/27/2014
Software AG (Frankfurt TecDAX: SOW) concluded the sale of its SAP consulting unit to Scheer Group GmbH, Saarbrucken (Germany), on 31 May 2014. The transaction primarily includes all service operations around SAP solutions in Germany, Austria and Switzerland which, up to now, constituted the IDS Scheer Consulting subsidiary.
With this step, Software AG concludes the consolidation process of its SAP consulting business, following the sale of its consulting activities in North America and Eastern Europe last year. As a software product house, the company will exclusively focus on the development, sales and services of its own products.
With the conclusion of the transaction, IDS Scheer Consulting, including its 474 employees, has become part of the Scheer Group. Through the spin-off of the SAP consulting unit, effective as of 31 May 2014, Software AG’s revenue in its business line “Consulting” will decrease to a total of around €55 million in the second quarter. The reported (non-operational) result of the company will be burdened as a one-off by a low single digit million euro amount in the current quarter. Further details will be released with Software AG’s second quarter results on 24 July 2014.
The closed transaction has also led to a change in Software AG’s Supervisory Board. Roland Schley, who had been a member of the Supervisory Board based on his role as “Practice Manager ARIS Services” belonging to IDS Scheer Consulting, has resigned from his position as of the effective date. As his successor, Maria Breuing was been appointed by the court as employee representative for the remaining period of office, which will end with the Annual General Meeting in 2015.
About Software AG
Software AG (Frankfurt TecDAX: 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 fourteen market categories, fueled by core product families Adabas-Natural, ARIS, Alfabet, Apama, Terracotta and webMethods. Software AG has more than 5,200 employees in 70 countries and had revenues of around €973 million in 2013.
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