AD HOC DISCLOSURE
Ad hoc disclosure:
Software AG aligns R&D with Business Lines – CTO resigns
Software AG CEO, Karl-Heinz Streibich, is focusing the company on two strategic business lines. Product development for Enterprise Transaction Systems (Adabas and Natural) and XML Integration (EntireX and Tamino) will be individually managed and aligned with the respective business line.
In the first half of 2004, marketing and product management for both business lines were established and given a global focus. At the same time, global R&D resources were reorganized. The development centers and departments are as a result, well prepared for future tasks. Two chief technology officers (CTO) will be appointed to manage the individual R&D resources per business line and will become members of an extended management board at Software AG.
Focusing R&D on the specific requirements of different market segments will support the dynamic development of the product portfolio, and allow for closer cooperation with product management. In the emerging market of business integration solutions, where requirements and technical options tend to change fast, time to market is a key success factor. Software AG intends to outperform this market with innovative solutions and increased partner cooperation. This requires different structures for the two business lines - the new organization will offer the desired flexibility.
In respect of the new R&D organization, Software AG CTO, Dr. Peter Mossack, today resigned his position as board member and will leave the company at the end of July. The CEO will assume board responsibility for R&D.
Software AG provides a real-time single view of strategic business information by integrating applications and systems, in addition to modernizing mainframe and open system IT environments. Its offerings are based on the product families Adabas, Natural, EntireX and Tamino. Over 2,500 employees in 59 countries support the mission-critical systems of 3,000 customers around the world. The company maintains four regional R&D facilities across three continents. Founded in 1969, Software AG today is Europe’s largest and most established systems software provider. It is headquartered in Darmstadt, Germany and is listed on the Frankfurt Stock Exchange (TecDAX, ISIN DE 000330002 / SOW). In 2003 Software AG posted 422 million euros in total revenue.
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