The following events relevant to Software AG occurred after the balance sheet date:
On July 3, 2009, we announced the takeover of Teconomic AG in Switzerland. Teconomic offers comprehensive services and solutions for the European financial market and specializes in SWIFT services. The acquisition is part of our plan to improve our positioning in the global SWIFT market and to continue developing our business activities in Switzerland. Software AG is aiming to become one of the world’s top three providers of SWIFT-based IT services and software solutions.
On July 13, 2009, we announced our takeover offer for IDS Scheer AG , Saarbrücken, Germany. In the third quarter currently underway, SAG Beteiligungs GmbH, a fully owned subsidiary of Software AG , made an offer to all IDS Scheer shareholders to buy their stock for €15 per share. A contract has already been concluded with company founders Prof. Scheer and Prof. Pocsay in which they agree to transfer their shares, which together equal approximately 48 percent of all outstanding shares, as part of the takeover offer. Software AG has already acquired more than 10 percent of IDS Scheer AG ’s shares on the market. The additional shares from the company founders will make Software AG the majority shareholder. The transaction is expected to be completed in the third quarter of 2009, subject to approval from the antitrust authorities. Software AG is now focusing on preparations for integrating the company. For additional information on the planned acquisition, please see our website, which is updated on an ongoing basis (www.softwareag.com), and our next quarterly report.