Software AG has already acquired more than 75% of IDS Scheer AG

  • The acquisition process is on track
  • An additional Offer Period of two weeks is expected to start on September 24, 2009
  • Future integration steps may include a domination agreement as basis for joint business operations

Darmstadt, Germany, 9/23/2009

Software AG today announced that it now has secured over 75% of the shares of IDS Scheer AG through its wholly owned subsidiary SAG Beteiligungs GmbH after the first Offer Period. The first Offer Period closed on Friday, September 18th and an additional Offer Period of two weeks is expected to start on September 24, 2009. Future integration steps may include a domination agreement as basis for joint business operations. Joint operations will allow both companies to address the new business opportunities that formed the rationale of the acquisition. This includes product and services cross-selling to a significantly larger customer base, leveraging IDS Scheer’s consulting services expertise and address larger customer projects in key markets.

“We are extremely pleased that we may now start the preparation of aligning our operations to gain additional business opportunities” said Software AG CEO, Karl-Heinz Streibich. “This acquisition is focused on growth for all our business areas and I am happy that we may now demonstrate the benefits of joining forces to our customers, investors and employees.”

Software AG, through its wholly-owned subsidiary SAG Beteiligungs GmbH, continues to offer remaining IDS Scheer share holders €15 a share. An additional offer period of two weeks will start after the final result of the first offer period has been published.

“We are happy with the very positive response to our offer so far”, said CFO Arnd Zinnhardt. “The acquisition process is on track and we expect a further uptake of our offer during the additional offer period. We have passed an important milestone and look forward to realizing synergies.”

Software AG | Uhlandstraße 12 | 64297 Darmstadt | Germany

Software AG is the world’s largest independent provider of Business Infrastructure Software. Our 4,000 global enterprise customers achieve business results faster by modernizing, integrating and automating their IT systems and processes. As a result, they rapidly build measurable business value and meet changing business demands. Based on our solutions, organizations are able to liberate and govern their data, systems, applications, processes and services – achieving new levels of business flexibility.

Our leading product portfolio includes solutions for high performance data management, developing and modernizing applications, enabling service-oriented architecture, and improving business processes. By combining our technology with industry expertise and best practices experience, our customers improve and differentiate their businesses – faster.

Software AG has 40 years of global IT experience and over 3,600 employees serving customers in 70 countries. The company is headquartered in Germany and listed on the Frankfurt Stock Exchange (TecDAX, ISIN DE 0003304002 / SOW). Software AG posted total revenues of €721 million in 2008.

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Software AG
Cheryl Hawkins
Senior Manager, Public Relations
United States
Tel: +1 703 674-4115
Fax: +1 703 674- 4061
Software AG
Norbert Eder
Vice President Corporate Communications
Uhlandstrasse 12
64297 Darmstadt
Tel: +49 6151 92-1146
Fax: +49 6151 92-1623