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Truffle Capital announces that Germany’s Rhine-Main-Neckar region remains Europe’s software industry powerhouse

  • Truffle Capital announces the second edition of its « Truffle 100 » European Clusters, the ranking of Europe's leading regions for the software industry
  • Germany's Rhine-Main-Neckar region remains Europe's "Silicon Valley"
  • South East England including Greater London is ranked 2nd ahead of the Paris region which is now 3rd
  • The United Kingdom has a total of 3 regions in the top 5.

Brussels, Belgium and Darmstadt, Germany, 11/18/2010

Truffle Capital, a European private equity firm, today published the second edition of its "Truffle 100 European Clusters" ranking of Europe's top 40 regions for the software industry. Companies based in Germany’s Rhine-Main-Neckar region accounted for 40% of the worldwide revenue generated by Europe’s top 100 vendors. The study highlighted the major role played by the region marking it as Europe’s "Silicon Valley". South East England and the Paris region were second and third respectively. This mapping is based on the results of the 2009 "Truffle 100 Europe" survey performed with the support of Mrs Neelie Kroes (European Commissioner for the Information Society and Media and in collaboration with analysts firms IDC ( and CXP ( The Truffle Cluster rankings were announced at a joint Truffle & Software AG press conference in Brussels with the support of Rainer Zimmerman of the EU Commission, Prof Lutz Heuser of Germany’s Software-Cluster and Dominique Potier of the Paris Region Systems and ICT Cluster and are available at

Commented Karl-Heinz Streibich, CEO of Software AG, “We have taken tremendous strides in further establishing the Software-Cluster in Rhine-Main-Neckar as a major drive of industry policy. Government, at both regional and national levels, has been very receptive to and supportive of our cluster activities. This has resulted in a €80 million investment in the development of future emergent software technologies in the region. Further international recognition of the Rhine-Main-Neckar region can only help our initiatives”.

Such political support is not uniform across Europe according to Truffle Capital co-founder Bernard-Louis Roques: "The Truffle 100 survey of European Clusters reveals the magnitude of the challenges facing Europeans when it comes to the development of Technology Clusters capable of competing on the international stage and able to emulate Silicon Valley, the Boston region and their likes. Only 5 regions have revenues above €1 bn: 1 in Germany (Rhine-Main-Neckar), 3 in the UK (South-East England including London, NE England and E England) and 1 in France (Ile de France including Paris).

While Rhine-Main-Neckar maintains its lead, thanks to 2 major international vendors, SAP and Software AG, South-East England was able to grab 2nd place, and close the gap on the leader, owing its impressive dynamic performance of several flagship vendors including Sage, Autonomy, Misys, and Microfocus. All have aggressively engaged in acquisitions and international expansions. The Paris region is still one of Europe's main technology centres, but has fallen into 3rd place. At a time when the French parliament is questioning the maintenance of the country's incentive schemes for innovative companies, and when innovation-focused equity funds are being burdened by new constraints, this is a warning signal for the French government and should prompt it to change direction and implement a true industrial innovation policy.”

The "Truffle 100 France" was created by Truffle Capital and Bernard-Louis Roques in 2005 and its 6th edition was published in April 2010. It has become the benchmark tool for measuring the business activity of the French software industry. The "Truffle 100 Europe" was launched in 2006 and has become equally well acclaimed for its ability to take the software industry's temperature at the European level. Truffle Capital has now published the second edition of the "Truffle 100 European Clusters" survey. Based on the data from the 2009 "Truffle 100 Europe" report, this study is the first to have mapped Europe's leading regions for the software industry.


About Software AG
Software AG is the global leader in Business Process Excellence. Our 40 years of innovation include the invention of the first high-performance transactional database, Adabas; the first business process analysis platform, ARIS; and the first B2B server and SOA-based integration platform, webMethods.

We are unique in offering the world’s only end-to-end – and easiest to use – business process management (BPM)  solutions, with the lowest Total-Cost-of-Ownership. Our industry-leading brands, ARIS, webMethods, Adabas, Natural and IDS Scheer Consulting, represent a unique portfolio for: process strategy, design, integration and control; SOA-based integration and data management; process-driven SAP implementation; and strategic process consulting and services.

Software AG had revenues of 847 million euro (IFRS, unaudited) in 2009 and has more than 6,000 employees serving 10,000 enterprise and public institution customers across 70 countries. Our comprehensive software and services solutions allow companies to continuously achieve their business results faster. The company is headquartered in Germany and listed on the Frankfurt Stock Exchange (TecDAX, ISIN DE 0003304002 / SOW).

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About Truffle Capital
Founded in 2002 in Paris, Truffle Capital is a leading independent European private equity firm and number two in France. It is dedicated to investing in and building technology leaders in the IT, life sciences and energy sectors. With €400 million under management, Truffle Capital is led by a team of four partners with decades of successful investment and entrepreneurial experience in both Europe and Silicon Valley. Truffle Capital’s investment team is composed of experienced and international experts. Truffle Capital aims to achieve superior financial returns by leveraging its industry knowledge, extensive network and unique focus on spin-offs to identify business ventures that match latent market needs. For further information, please visit

Software AG
Paul Hughes
Director Media Relations
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