Continuity at the top at Software AG, CEO’s contract extended until 2015
Darmstadt, Germany, 5/21/2010
The supervisory board of Software AG has extended the contract of CEO, Karl-Heinz Streibich, until March 31st, 2015. This stability in the management team will allow Software AG to continue its expansion program initiated by Mr. Streibich, appointed as CEO in October 2003.
“Software AG has seen sustainable profitable growth over the last five years, both in favorable trading conditions and throughout the recession”, stated Dr. Andreas Bereczky, Chairman of the Supervisory Board. “Through the acquisition and integration of IDS Scheer the company is now in a strong growth phase. The decision of the Supervisory Board insures both continuity and stability in this period of change and is also a vote of confidence in the entrepreneurial skills of Karl-Heinz Streibich, and therefore in the continued growth of Software AG.”
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).
About IDS Scheer
IDS Scheer is part of the Software AG Group and a leading provider of Business Process Management (BPM) software, solutions and services for corporations and public organizations worldwide. With the ARIS Platform for Process Excellence, the company offers an integrated, comprehensive solution portfolio for the strategy, design, implementation and controlling of business processes, allowing companies to continuously improve their overall business performance. Utilizing the ARIS Value Engineering (AVE) approach, IDS Scheer consultants bridge the gap between corporate strategy, business processes, IT solutions and process controlling.
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