Software AG sells its SAP-Service Operations in the Czech Republic, Hungary and Slovakia to itelligence
Software AG continues to focus on SAP-Services in Germany, Austria & Switzerland (DACH)
Darmstadt, Germany, 8/30/2013
Software AG (Frankfurt TecDAX: SOW) today announced that an agreement with itelligence has been reached, effective as of August 31st 2013, concerning the sale of its SAP-service operations in the Czech Republic, Hungary and Slovakia. The parties have agreed to maintain confidentiality with regard to the purchase price. Software AG will continue with its announced strategy and focus the business on process-optimization for SAP applications in the German speaking countries.
itelligence is a leading full-service provider of IT solutions for the SAP market with approximately 2,800 employees in 22 countries. Its headquarters are in Bielefeld, Germany.
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, webMethods and also Alfabet and Apama. 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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itelligence is one of the leading international full-service providers of solutions in support of SAP solutions, employing more than 2,800 highly qualified employees in 22 countries and in five regions (America, Asia, Western Europe, Eastern Europe and Germany/Austria/Switzerland). As a frequently awarded SAP partner, among others global value-added reseller, SAP Certified in Cloud Services and SAP Gold Partner Business ByDesign, itelligence realizes complex projects in the SAP solution-based environment for over 5,000 customers worldwide. In 2006, itelligence obtained gold-level status as an SAP channel partner as part of the SAP PartnerEdge™ program in Germany, and in the U.S. in 2007. The company’s services in support of SAP solutions range from consulting and licensing to application management services and outsourcing & services to proprietary industry-specific SAP. In 2012, itelligence generated total sales of EUR 407.1 million. itelligence is “Top Consultant” 2012.
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