Darmstadt, Germany – Gartner, Inc., a company that delivers actionable, objective insight to executives and their teams named Software AG a Leader in its 2021 “Magic Quadrant for Enterprise Architecture Tools,” published on November 9, 2021*. This is the fourteenth consecutive year that Gartner named Software AG a Leader for its Ability to Execute and its Completeness of Vision.
Darmstadt, Germany - Software AG (Frankfurt MDAX: SOW) has announced that Gartner® has named the company a Leader in the Magic Quadrant for Industrial IOT (IIOT)*. Software AG recognizes that the success of digital transformation required around Industrial IoT initiatives rely on people and culture more than anything else. At a time when manufacturers are looking for ways that their people can be more effective and their processes more efficient, having the right tools in place is crucial.
Darmstadt, Germany - Software AG (Frankfurt MDAX®: SOW) today announces financial results for the third quarter of 2021.
On the basis of the preliminary results for the third quarter, the Management Board of Software AG (MDAX, ISIN DE000A2GS401 / SOW) has decided to adjust its full year outlook for 2021.
Darmstadt, Germany –Software AG today announced that Forrester Research Inc., a leading industry analyst firm, has named Software AG a ‘Leader’ in The Forrester Wave™: Enterprise iPaaS, Q4 2021 (published on October 5, 2021) for its webMethods.io iPaaS product. This is Forrester’s first Wave focused on Enterprise iPaaS, and only 14 vendors were invited to participate.
Darmstadt, Germany – Software AG (Frankfurt MDAX: SOW) has been recognized by Gartner as a Leader in the 2021 Magic Quadrant for API Management for the fourth consecutive time. Gartner analysts evaluated seventeen vendors based upon their Ability to Execute and Completeness of Vision.
Darmstadt, Germany – Software AG (Frankfurt MDAX: SOW), has launched several new functions for ARIS, which will help companies to automate how they manage digital transformation at both strategic and operational levels. The latest Process Mining functionalities for ARIS will give customers a more in depth understanding of how processes are working and what causes them to slow down. At the same time, a number of automation tools that support cultural and language differences will help companies to design and rollout changes globally more quickly.
Darmstadt, Germany – Software AG (Frankfurt MDAX: SOW) today announced new ways for customers to automate their connected enterprises through its webMethods platform for APIs, integration and microservices. Through its new DataHub, Developer Portal and Managed File Transfer (MFT) tools, and hundreds of connectors and integration recipes companies can simplify and automate, key steps to becoming a connected enterprise.
Darmstadt, Germany - Software AG (Frankfurt MDAX: SOW) has been named a leader in The Forrester Wave™: Industrial Internet-Of-Things Software Platforms, Q3 2021. Noting that Cumulocity IoT™ supports customers with a range of connectivity options, the report also states that “Software AG also supports an extensive array of industrial IoT protocols relative to other firms we evaluated, complemented by a fully functional Cumulocity IoT edge solution supporting thick and thin environments.”
Darmstadt, Germany - Software AG (Frankfurt MDAX: SOW), has today launched an app to automate Overall Equipment Effectiveness (OEE) calculation for its Cumulocity IoT platform. The new app will enable manufacturers of any size to collect and process key data as it’s created and quickly understand production effectiveness. By monitoring production line availability, performance and quality, organizations can be more responsive to inefficiencies in their operations, enabling them to avert problems and capitalize on opportunities to be more effective.
Darmstadt, Germany - Software AG (Frankfurt MDAX: SOW), has extended a multi-year partnership with leading Australian supermarket chain, Woolworths, to help enhance its data-driven transformation. Woolworths will continue to use the webMethods integration platform from Software AG, which has helped it implement innovative initiatives including scan-and-go, digital electronic receipts and real-time stock-on-hand visibility.
Darmstadt, Germany - Software AG (Frankfurt MDAX®: SOW), today announces financial results for the second quarter of 2021.
Darmstadt, Germany - Software AG (Frankfurt MDAX®: SOW) is to create a new Management Team structure. This new team will be the four Management Board members, plus two internal appointments to complete the structure: Scott Little will become Chief Revenue Officer (CRO) and Dr. Benno Quade will become Chief Customer Success Officer (CCO), effective August 1, 2021.
The Management Board of Software AG (MDAX, ISIN DE000A2GS401 / SOW) pre-announces the financial development of the segment Adabas & Natural (A&N) for the second quarter of 2021 in an ad-hoc release.
Darmstadt, Germany - Software AG (Frankfurt MDAX: SOW) is to provide Industrial Internet of Things (IoT) solutions to GeicoTaikisha, the surface treatment and painting equipment supplier to automotive manufacturers worldwide. This will help it digitalize the entire painting process for its customers’ vehicle production plants.
Darmstadt, Germany - The Supervisory Board of Software AG (Frankfurt MDAX®: SOW) has approved the appointment of Dr. Stefan Sigg as a member of the Management Board for another five years. His membership on the board would have ended next year after a five-year term. Dr. Sigg has now been officially reappointed Chief Product Officer and has a contract through March 31, 2027. Sigg was appointed to the Management Board of the Software AG Group on April 1, 2017 and has been responsible for the company's product portfolio since that time.
Darmstadt, Germany – The German auto maker is driving its digital transformation with the help of Software AG (Frankfurt MDAX®: SOW). The company recently signed a new three-year global usage agreement for Software AG’s Alfabet IT portfolio management solution. Alfabet unites the perspectives of IT, business and finance as well as risk assessment into one solution and provides organizations with insight on how to optimally support changes in the business with IT and reduce transformation risk. Alfabet’s analytics thus play a key role in important decision-making processes at management level. In this case, ServiceNow will be linked with Alfabet to seamlessly connect the strengths of strategic planning with operational excellence (consistent evaluation and optimization of core processes along the value chain).
Reston, VA – Software AG (Frankfurt MDAX: SOW) today announced new research revealing that 97% of IT leaders believe it would be beneficial to combine the utilization of APIs, microservices and integration, while only 1% say that they do so already. Conducted by Vanson Bourne, the survey of 950 global IT leaders examined the state of APIs, microservices and integration, uncovering trends in adoption, challenges and opportunities for further improvement in helping organizations become truly connected enterprises.
Houston Texas, Hasselt Belgium and Darmstadt Germany – Software AG’s TrendMiner has announced the release of TrendMiner 2021.R2. This new release extends the reach of previously released notebook integration, allowing analytics expert-users to make their data model outputs available to the rest of the organization, giving operational experts better insights. The new multi-variate Anomaly Detection Model allows optimal process conditions to be trained on historical data and the model will be able to detect anomalies on new incoming data. TrendMiner 2021.R2 also now allows self-service integration via webMethods.io. This enables contextual process information from other business applications to be taken into account and workflows in external systems to be triggered through the new Anomaly Detection Model.
Darmstadt, Germany – They travel by air, land and sea, in containers or hidden in raw materials, contaminating food and other goods. Once they arrive at their destination, insects can cause a great deal of damage. Insect pests currently destroy between five and 20 percent of the global harvest—and the trend is rising. Likewise, industrial companies are always facing the risk of insect and rodent infestations that can quickly lead to production losses, which in turn can lead to substantial costs.
Darmstadt, Germany – Software AG (Frankfurt MDAX: SOW) Software AG (Frankfurt MDAX®: SOW) today announced the appointment of Nicolas Betbeder-Matibet as Senior Vice President of the Asia Pacific and Japan region.
Darmstadt, Germany — Software AG (Frankfurt MDAX® SOW) today announced that its ARIS solution integrates with SAP® Enable Now, to help businesses make their processes more efficient and easier to implement. ARIS is a leading process management and optimization tool. SAP Enable Now helps organizations adapt processes digitally and share knowledge internally through documentation and training support. The integration of ARIS with SAP Enable Now will help organizations identify where they need to make changes and then implement improvements quickly and easily.
Darmstadt, Germany - Software AG (Frankfurt MDAX®: SOW), today announces financial results for the first quarter of 2021.
Darmstadt, Germany – Software AG (Frankfurt MDAX: SOW) today announced the Global System Integrator (GSI) winners of its 2020 PartnerConnect Partner Awards. The annual awards program recognizes outstanding Software AG partners that embody Software AG PartnerConnect values and excel in their ability to help customers succeed.
Reston, VA – Software AG (Frankfurt MDAX: SOW) has entered into a solution partnership with Matillion, further supporting widespread cloud adoption and making it easier for businesses to digitally transform. With these broadened data integration capabilities, Software AG and Matillion customers can bring data from different sources together, creating a single source of truth from which to extract valuable business insights.
Darmstadt, Germany – Software AG (Frankfurt MDAX: SOW) today launched Adabas Auditing for z/OS, a new product for its Adabas database on IBM Z that will help companies collect, archive and monitor all data interactions. The new product goes beyond traditional monitoring capabilities - which typically focus only on data changes - to include any data access, including identifying what data was read by whom and when. It was developed in collaboration with Beta Systems.
Darmstadt, Germany - Software AG (Frankfurt MDAX: SOW) today announced new innovations of its webMethods platform for APIs, Integration and Microservices. With this release, companies can simplify and accelerate their digital transformation initiatives while also speeding their adoption of cloud.
Reston, VA, U.S. – Software AG announced today it has been acknowledged by CRN®, a brand of The Channel Company, on its 2021 Internet of Things (IoT) 50 list in the 10 Coolest IoT Industrial category.
Darmstadt, Germany – Software AG (Frankfurt MDAX®: SOW), a leader in IoT, integration, API Management and Business Transformation software, today announced the appointment of Dawn Colossi as Chief Marketing Officer. With over 25 years of digital marketing experience, Dawn brings a wealth of experience in driving award-winning digital marketing programs for high-growth companies.
Darmstadt, Germany – Software AG (Frankfurt MDAX: SOW) today announced the winners of its 2020 PartnerConnect Partner Awards. The annual awards program recognizes outstanding Software AG partners that embody Software AG PartnerConnect values and excel in their ability to help customers succeed.
Darmstadt, Germany – Software AG (Frankfurt MDAX®: SOW) today announced its TrendMiner software, which provides self-service industrial analytics for smart factories and Industry 4.0 operations, combines with the power of SAP S/4HANA® Cloud and SAP Digital Manufacturing Cloud. As an open technology, the software also integrates into various IoT stacks including Software AG’s Cumulocity IoT, to help predict and improve product quality (predictive quality management) in digital supply chain management.
Darmstadt, Germany – The Management Board and the Supervisory Board of Software AG (Frankfurt MDAX®: SOW) today decided to propose a stable dividend of €0.76 to the Annual Shareholders' Meeting. This means that the dividend will remain at the record level achieved last year. Subject to shareholders’ approval, this will increase the dividend ratio based on averaged free cash flow and Group net income to 61.3 percent (2019: 37.4 percent). This increase in dividend ratio is influenced by the technical effect of the Group’s current shift towards recurring revenues from subscription and Software as a Service, an effect considered by management to be temporary and which does not diminish the fundamental robustness and value orientation of the Company.
Darmstadt, Germany – Software AG today announced that Forrester Research Inc., a leading industry analyst firm, has named Software AG a ‘Leader’ in The Forrester Wave™: Enterprise Architecture Management Suites, Q1 2021 (published on March 4th, 2021)* for its Alfabet solution.
Reston, VA– Software AG (Frankfurt MDAX: SOW), a leader in IoT integration and business transformation software, has launched its new global partner program, PartnerConnect.
Darmstadt, Germany– Software AG (Frankfurt MDAX®: SOW) hosted a Capital Markets Day event on February 23rd for financial analysts and investors.
Darmstadt, Germany - Today Software AG introduces the newest member of its Scientific Advisory board. Dr. Albrecht Schmidt is a distinguished professor of computer science at Ludwig Maximilian University in Munich and has held the chair for Human-Centered Ubiquitous Media since 2017. He was selected in 2020 to become a member of the German National Academy of Sciences Leopoldina. Dr. Schmidt is replacing Prof. Dr. Friedemann Mattern on the Scientific Advisory Board, who is stepping down after completing his three-year term.
Darmstadt, Germany - Software AG (Frankfurt MDAX: SOW) has entered into a collaboration agreement with Automation Anywhere, which will make scalable automation achievable for more businesses. Software AG’s ARIS platform will bookend Automation Anywhere RPA with process mining and process management. This will improve the discovery of automation opportunities and then management of automated processes.
Houston, Texas, U.S., Hasselt, Belgium and Darmstadt, Germany – Software AG’s TrendMiner has announced the release of TrendMiner 2021.R1. This latest release brings a completely new functionality of notebook integration, which helps users access both data dashboards and code-based data analysis. Also in 2021.R1 are extended capabilities to support multiple asset frameworks and many new user-driven features to help end users improve operational performance and overall profitability.
Darmstadt, Germany – Software AG (Frankfurt MDAX: SOW) today announced the results from its ‘Situation Report’ global survey of IT Leaders and their digital transformation investment strategies. The global COVID pandemic served as a dramatic backdrop for a year of innovation and digitalization in businesses around the globe. 97 percent of IT directors surveyed said that their company went through digital transformation efforts in 2020, the same number expect that investment to continue in 2021.
Darmstadt, Germany – Software AG (Frankfurt MDAX: SOW) today announced the results from its ‘Situation Report’ global survey of IT Leaders and their digital transformation investment strategies. The global COVID pandemic served as a dramatic backdrop for a year of innovation and digitalization in businesses around the globe. 97 percent of IT directors surveyed said that their company went through digital transformation efforts in 2020, the same number expect that investment to continue in 2021.
Software AG (Frankfurt MDAX®: SOW) today announces financial results for the fourth quarter and full year 2020 and issues guidance for the 2021 financial year.
With double-digit bookings growth and progress in the Group’s subscription shift ahead of expectations, 2020 investments were driving strong business momentum and sustained growth. Therefore Software AG will pull-forward planned investment into 2021 to underpin the accelerated transformation. The early introduction of these investments, particularly in go-to-market, customer success, operational technology and people & culture, is a key driver of the Group’s confidence to deliver sustainable profitable growth towards and beyond the mid-term.
Software AG today announced that John Schweitzer, Chief Revenue Officer and member of the Executive Board, will leave the company to pursue new challenges. John Schweitzer was appointed to Software AG's Executive Board in November 2018 and later assumed the role of Chief Revenue Officer (CRO). In this role, he was responsible for Global Sales and Professional Services. Sanjay Brahmawar, CEO of Software AG, thanks the previous CRO for his tireless efforts in steering the company towards successful growth. Scott Little, who heads the Americas region, will be taking responsibility for Global Sales in addition to America Sales. Brahmawar will temporarily assume the Board level responsibility.
Darmstadt, Germany – Gartner, Inc., a leading industry analyst firm, named Software AG a Leader in its 2020 “Magic Quadrant for Enterprise Architecture Tools,” published on December 14, 2020*. This is the thirteenth consecutive year that Gartner named Software AG a Leader for its ability to execute and its completeness of vision.
Darmstadt, Germany - Software AG (Frankfurt MDAX®: SOW) increases its financial flexibility through a syndicated credit line totaling €300 million. The additional back-up line provides the company with a solid source of cash reserves for its transformation process and planned growth in the years to come.
Software AG (Frankfurt, MDAX®: SOW) and Re’flekt, a provider of augmented reality solutions (AR), have agreed to a strategic partnership. The goal is to combine the interactive AR visualizations from RE’FLEKT with real-time machine data from the Cumulocity IoT platform. The partnership will enable companies to profit from radically improved first-time fix rates with their machinery as well as significantly extended maintenance cycles.
Darmstadt, Germany – Software AG (Frankfurt MDAX: SOW) today announces its final financial results for the third quarter of 2020 and increases its guidance for the full year. These results confirm the view presented in its preliminary release of October 21, 2020, showing the Group delivered on its transformation for a third consecutive quarter. Software AG’s Digital Business (Digital Business Platform, DBP, incl. Cloud & IoT) continued its strong trend, with bookings growth of 17 percent at the upper end of the preliminary range indicated in October. Within that, the DBP Cloud & IoT business line continued to accelerate, showing bookings growth comfortable ahead of the predicted range at 73 percent. The Group’s Adabas & Natural (A&N) business line saw a bookings decline of 26 percent, also slightly ahead of the preliminary range. While the Group’s transformation forges ahead, its reported revenue continues to show the temporary impact of the rapid shift towards subscription and Software as a Service (SaaS). A prudent balance of cost and investment enabled the Group to deliver third-quarter non-IFRS EBITA of €33 million with a non-IFRS EBITA margin of 18 percent. With clearer visibility into its full year outturn, the Group updates its 2020 guidance with increases for the Digital and A&N business lines.
Software AG increases guidance for financial year 2020
Software AG (Frankfurt MDAX: SOW) has helped Maccabi Healthcare Services, one of the largest healthcare providers in Israel, deliver new services to patients during the Covid-19 pandemic. Maccabi has led the way in making appointments virtual, implementing ‘Home Hospitalisation’ and coordinating testing efforts – made possible by an integrated IT infrastructure that’s powered by webMethods from Software AG.
Darmstadt, Germany – Software AG (Frankfurt MDAX: SOW) today announces a preliminary view of its third quarter 2020 financial figures and updates on the recent malware attack on its systems. Therefore, results presented in this announcement represent a first consolidation based on the currently available data, with full results to follow in due course.
Public disclosure of inside information according to article 17 MAR
Public disclosure of inside information according to article 17 MAR
Software AG (Frankfurt, MDAX: SOW) today announced that the company was named a Leader in the Gartner Magic Quadrant for Full Lifecycle API Management. This is the third year in a row Software AG has been named a Leader.
In line with UAEs vision to fast track digital transformation, Software AG (Frankfurt MDAX: SOW) and du, from Emirates Integrated Telecommunications Company (EITC), signed a partnership to provide a subscription-based licensing model for IoT services to its business customers.
Darmstadt, Germany – Software AG (Frankfurt MDAX: SOW) has launched ARIS Process Mining SaaS, a new cloud platform for its popular process mining tool. This will help businesses understand and fix process bottlenecks and inefficiencies in order to make their organization work more efficiently. ARIS Process Mining is easily accessed through the cloud and easy to use for those with no technical background. Anyone with basic office skills can begin to understand the reality of their department’s process execution in under an hour.
Software AG is named a Leader in the report, with the highest score in the “current offering” category. The company has been ranked as a leader for its webMethods API Management platform.
Software AG (Frankfurt, MDAX: SOW) and Cotham Technologies have partnered to make native mobile app development for the Internet of Things (IoT) quicker and more cost-effective for any business. Customers of this partnership will cut mobile app development time by up to 90% and costs by up to 70%, thanks to a unique no-code platform approach. The speed and agility that businesses can gain in launching new services will help them win on the battleground of customer experience.
Darmstadt, Germany, July 22, 2020 – Software AG (Frankfurt MDAX: SOW) today announces preliminary financial figures (IFRS) for the second quarter and first half of fiscal 2020. Despite COVID-19, Software AG delivered robust performance with growth in all its leading business indicators. The Group performed well across all geographies including North America, with all business lines demonstrating excellent sales execution. Transformation momentum is building, with product innovation, cultural evolution, and subscription progress driving the business towards sustainable, profitable growth. On a divisional basis, strong sales execution in the reported quarter saw Digital Business Platform (DBP, excl. Cloud & IoT) grow bookings 31 percent year-on-year, while DBP (Cloud & IoT) achieved bookings growth of 39 percent driven by strong cloud demand. Adabas & Natural (A&N) saw additional momentum from 2 large deals brought forward from H2 and resulting in quarterly bookings growth of 31 percent. As expected, stated product revenue showed slight declines reflecting the planned shift towards subscription and Software as a Service (SaaS), where a larger part of revenue is recurring and recognized over time rather than up front. This shift to subscription and SaaS contracts was accelerating in the quarter when their share of Software AG’s bookings reached 88 percent in the digital segment (DBP incl. Cloud & IoT). A balance of prudent cost control and targeted investment in areas of organic growth enabled the Group to hold its operating profit (EBITA non-IFRS) at €41.4 million, ahead of analyst consensus (€39.8 million).
Darmstadt, Germany – July 22, 2020: Software AG (Frankfurt MDAX: SOW) has launched a Smart Social Distancing solution to help companies around the world ensure their employees return safely to work. Organizations can use the solution to help employees keep to the recommended safe distance, record incidents where that distance is breached, and show authorities auditable proof of compliance.
Software AG (Frankfurt MDAX: SOW) and the ifm group, a market-leading industrial automation provider, have announced a partnership that will focus on cloud-based visualization and analysis of sensor data from industrial systems and machinery.
Darmstadt, Germany – Software AG’s TrendMiner has announced the release of TrendMiner 2020.R2. This latest release sets new standards in usability of self-service industrial analytics for operational experts. 2020.R2 makes it easier than ever to make data-driven decisions for production process performance optimization. TrendMiner has overhauled its user interface to help operational experts solve production issues easier and faster with big time-series data analysis. Previously only available in English, this release will now also support German, French, Spanish, Portuguese, Dutch, Mandarin and Simplified Chinese languages.
Software AG (Frankfurt MDAX: SOW) today announced a partnership with Tech Mahindra, a leading provider of digital transformation, consulting and business reengineering services and solutions.
Software AG (Frankfurt MDAX: SOW) and Microsoft today announced that the webMethods.io Integration Platform-as-a-Service (iPaaS) is now available for Microsoft Azure. This will allow enterprises to quickly and easily connect their critical applications, services and data in the Microsoft Azure cloud environment.
Software AG (Frankfurt MDAX: SOW) today announces financial figures (IFRS) for the first quarter 2020. The business delivered robust performance in the first quarter of its second transformation year, reporting strong bookings growth against a background of significant global challenge. Software AG’s IoT and A&N business performed well ahead of expectations, with competitive new business wins driving strong performance, while DBP (excl. Cloud & IoT) saw some deals slip from the first quarter into the second quarter. The Group also saw a strong development in subscription and SaaS-based bookings portion, which rose to 69 percent from 53 percent last year in its DBP (incl. Cloud & IoT) business. The Group has taken active steps to support its customers’ operations during the COVID-19 outbreak, particularly with respect to business continuity, remote monitoring and analytics, and supporting customers’ ability to get back to full pace in due course. Toward the end of the quarter Software AG did see a low single-digit percentage negative impact from Professional Services projects cancelled or postponed as a result of COVID-19. The Group expects to deliver a solid performance in the first half of 2020. However, with limited visibility into the second half of the year, the Group has revised its financial guidance for the two DBP revenue lines. The Group’s guidance for A&N and its non-IFRS EBITA margin remains unchanged..
Software AG (Frankfurt MDAX: SOW) today unveiled webMethods AppMesh, a configurable control plane for microservices, APIs and service mesh. Built as an extension of Software AG’s industry-leading webMethods API Management Platform, webMethods AppMesh adds application context to service mesh, which provides better agility, management and governance of microservices as business apps.
We are living in unprecedented times. The coronavirus (COVID-19) pandemic has upended societies across the globe and unsettled economies. At times like these, it’s inspiring to see how people are banding together to tackle this crisis and limit its impact on people and business. I’m especially proud to be part of the global tech community and heartened by the many ways in which peers throughout the industry are stepping in and stepping up. This is “business-as-unusual”.
Software AG (Frankfurt MDAX: SOW) today announced Swift Labs, a Canadian-based wireless and IoT product design partner, has joined its PowerUp Partner Program. Through the strategic partnership, customers will gain access to Software AG’s Cumulocity IoT platform and Swift Labs’ cellular hardware platform powered by “Design Blocks”, to help simplify and rapidly deploy IoT initiatives with the support of real-time, user-friendly operational dashboards and analytics.
The Supervisory Board of Software AG (Frankfurt MDAX: SOW) today announced four nominations for election. Karl-Heinz Streibich has been nominated as new Supervisory Board member and candidate for Chairman to succeed Dr. Andreas Bereczky after 12 years of service. Ursula Soritsch-Renier and Ralf Dieter have both been recommended as new Supervisory Board members to replace Alf Henryk Wulf and Eun-Kyung Park, who will not stand for re-election. Supervisory Board member Markus Ziener will stand for re-election. Shareholders of Software AG will vote on the recommended nominees at this years' Annual General Meeting on 20 May 2020.
On January 29, 2020 Software AG launched ARIS Basic, an easy-to-use cloud solution for intuitive and focused business modeling, communication and improved efficiency. ARIS Basic brings the market-leading Business Process Analysis solution to the masses. The “easiest ARIS ever” is the straightforward way for entry level customers to establish a common business language, or create a proper process documentation, instead of using auxiliary Microsoft™ Office tools.
The Management Board of Software AG (Frankfurt MDAX: SOW) pre-announces its financial figures (IFRS, preliminary) for the fourth quarter and 2019 fiscal year, and its outlook for 2020. Software AG delivered a revenue largely in line with expectations against the backdrop of significant and far-reaching transformation of the business. On a divisional basis, A&N delivered revenue was up 3 percent year-on-year. DBP (excl. Cloud & IoT) delivered results in the middle of the guidance range, with strong action around sales and go-to-market bringing improved quality and predictability to the North America region in particular. Cloud & IoT growth at 38% was below expectation, although a significant 5-year subscription contract with a global industrial company expected in Q4 2019 has since been signed.
Software AG (Frankfurt MDAX: SOW) today announces financial figures (IFRS, preliminary) for the fourth quarter and 2019 fiscal year, and its outlook for 2020. Software AG delivered a solid full year performance, with revenue in line with expectations against the backdrop of significant and far-reaching transformation of the business. On a divisional basis, A&N delivered a strong performance with revenue up 3 percent year-on-year. DBP excl. Cloud and IoT delivered results in the middle of the guidance range, with strong action around sales and go-to-market bringing improved quality and predictability to the North America region in particular. Cloud & IoT growth was below the guidance range, although a significant 5-year subscription contract with a global industrial company expected in Q4 2019 has since been signed. Today Software AG also announces additional investment in 2020 to drive momentum in its Helix program, and accompanying 2020 guidance metrics.
Software AG (Frankfurt MDAX: SOW) today announced the appointment of Dr. Matthias Heiden as its new Chief Financial Officer (CFO). Dr. Heiden will be taking over from Arnd Zinnhardt, who will step down after 18 years in the role. Dr. Heiden will join Software AG and assume the role of CFO and Member of the Executive Board officially after a transition period is completed.
Software AG (Frankfurt MDAX: SOW) today announced that its Cumulocity IoT platform has been named “Overall Enterprise IoT Platform of the Year” by IoT Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies and products in the global Internet of Things (IoT) market today. This year’s program attracted more than 3,700 nominations from companies all over the world.
The PrEstoCloud platform offers Big Data service providers the ability to optimize resource utilization for their client applications and provide an improved client-oriented Quality of Service. PrEstoCloud combines real-time Big Data, mobile processing and Cloud computing research in a unique way and provides an innovative solution for the complex problem of cloud-based, self-adaptive, real-time Big Data processing.
Software AG announced that Gartner, Inc., a leading industry analyst firm, named it a Leader in its ‘Magic Quadrant for Integrated IT Portfolio Analysis Applications’ report (published on Nov. 13, 2019) for its IIPA product, Alfabet, for the ninth year in a row.*
Software AG today announced that Forrester Research Inc., a leading industry analyst firm, has named Software AG a ‘Leader’ in The Forrester Wave™: Strategic Portfolio Management for Agile Organizations, Q4 2019 (published on November 5, 2019)1 for its Alfabet solution. Alfabet for IT Planning and Portfolio Management offers management and governance capabilities across multiple IT portfolios to provide the CIO and other leaders with the information they need to make broad, directional and strategic decisions. It enhances communication and collaboration among IT portfolio managers, digital product managers and Agile development teams and helps them understand the symbiotic relationships between the business strategy and demand, technology, application, project and product portfolios while also taking finance and risk perspectives into consideration.
Software AG (Frankfurt MDAX: SOW) today announced that Software AG will participate in the Open Data Initiative (ODI) as a member of the Partner Advisory Council (PAC). Originally announced by Microsoft, Adobe and SAP last year, the ODI aims to help companies transform their customer experiences through real-time insights delivered from the cloud. Software AG joins a growing roster of enterprise software companies contributing to the initiative.
Gartner, Inc., a leading industry analyst firm, named Software AG a Leader in its 2019 “Magic Quadrant for Enterprise Architecture Tools,” published on October 22, 2019*. This is the twelfth consecutive year that Gartner named Software AG a Leader after assessing the company’s Alfabet Enterprise Architecture Management (EAM) product.
Software AG (Frankfurt MDAX: SOW) today launched a certified connector for Adobe’s Marketo Engage platform. This connector integrates a user’s SAP Service Cloud solution or SAP Sales Cloud solution implementation with Marketo Engage, establishing a direct connection between customer data and Adobe’s customer experience management (CXM) tools.
Software AG (Frankfurt MDAX: SOW) today announces its financial figures (IFRS, preliminary) for third quarter 2019. Software AG delivered a strong Group-level performance in both revenue and profit. The operational performance is consistent and confirms the financial guidance for the full year 2019. A&N continued to deliver strong results ahead of expectations, with revenues up 15 percent year-on-year. DBP (excl. Cloud & IoT) delivered a recovery from the first half, with measures taken in North America to de-risk pipelines, improve sales structures and embed new leadership having a positive impact. Cloud & IoT had a slower performance in the period, as sizeable second half 2019 pipeline opportunities are expected to be signed in Q4, although momentum in new logo acquisition continued to build. Reflecting the ambition to increase the proportion of predictable and higher quality license revenues, SaaS or subscription commitments as a proportion of DBP (incl. Cloud & IoT) bookings more than doubled year-on-year to 63 percent.
Software AG (Frankfurt MDAX: SOW) today announced that Gartner, Inc., a leading industry analyst firm, has again named Software AG a Leader in the 2019 Magic Quadrant for Full Life Cycle API Management report for its webMethods.io suite.* This is the second year that Software AG has been named a Leader in Gartner’s Magic Quadrant for Full Life Cycle API Management report, improving its position on the completeness of vision axis compared to the previous year.
New Product Innovations to be unveiled on October 8, 9, and 10th
Software AG (Frankfurt MDAX: SOW) today unveiled webMethods.io B2B, the latest addition to the company’s industry-leading B2B Integration portfolio. webMethods.io B2B enables users to swiftly on-board partners and exchange documents using traditional EDI or newer API-based standards. Users can now ensure the timely and accurate transaction of daily, crucial business documents while streamlining their supply chain, accelerating order-to-cash and increasing customer satisfaction.
Software AG today announced that Forrester Research Inc., a leading industry analyst firm, has named Software AG a ‘Leader’ in The Forrester Wave™: Streaming Analytics, Q3 2019 report for its Apama solution.
Infineon Technologies AG is a world leader in semiconductor solutions that focuses on energy efficiency, mobility and security. To ensure its sustainable growth over the long term, the company has invested in a new, fully automated chip production facility in Villach, Austria, which will have around 60,000 m² of floor space when completed. This will also create around 400 new jobs for highly skilled workers. Construction began in the first half of 2019 and is well under way. Infineon is using the automation and digitalization concepts from its Dresden location in the new Villach facility, choosing Software AG’s Adabas & Natural technology.
The Production Cockpit puts engineers, operators and management in full control of the Digital Factory anywhere on the globe
Software AG (Frankfurt MDAX: SOW) today announced that ARIS Cloud is now available on Amazon Web Services (AWS) Marketplace for customers to purchase as a direct Software-as-a-Service (SaaS) solution. ARIS Cloud is a comprehensive SaaS offering for business process management and supports digital transformation. Customers can use it to run fast and easy business process analyses in one of the leading cloud environments to manage their business and IT transformation projects. Starting today, the ARIS Cloud Advanced edition can be provisioned on AWS Marketplace, a digital software catalog that makes it easy for AWS customers to quickly find, test, buy and deploy cloud-based software to run their businesses.
Software AG today announced that Gartner, Inc., in its new Critical Capabilities for Industrial IoT Platforms report1, has given Software AG the highest score in every use case in the report - Monitoring Use Case, Predictive Analytics for Equipment Use Case, and Connected Industrial Assets Use Case for its Cumulocity IoT platform.
New Solution Delivers a Connected Ecosystem in Microsoft Azure for Faster, Safer, More Manageable Migrations While Ensuring Business Continuity
Software AG (Frankfurt MDAX: SOW) today pre-announced its financial figures (IFRS, preliminary) for Q2 2019 per ad hoc release. In the first full quarter since the announcement of the Helix transformation strategy, the business delivered strong Group-level performance, with overall revenue and profit in line with expectations for the second Quarter. The Group made strong progress in its strategic Helix pillars of Focus, Execution and Team during the period, allocating R&D resources to the areas of greatest opportunity, transitioning the business towards subscription sales, growing the Groups partner ecosystem and delivering strong new logo success. These activities led to strong growth in important strategic area of Cloud and IoT, up 144% at constant currency year-on-year, while the Group’s Adabas and Natural (A&N) segment continued its strong performance trend from Q1. Performance in the Digital Business Platform (DBP) excluding IoT was not as strong as expected as a result of the ongoing reorganization of the Group’s North American business which is taking longer than first thought to implement. This has impacted performance however positive steps taken during the first half to address historic underinvestment, resolve disruption to customer relationships, manage attrition and refocus our approach on long-term customer relationships are now taking hold. With IoT and A&N performing as expected, the slower than anticipated DBP progress in H1 has led the Group to revise its full year DBP guidance, with the expectation that it will now deliver year-on-year revenue growth of between -6% to 0% within DBP in FY 2019. All other guidance ranges remain unchanged.
Today, the Management Board of Software AG (MDAX, ISIN DE000A2GS401 / SOW) pre-announced its financial figures (IFRS, preliminary) for the second quarter of 2019. According to an initial consolidation of the results, the company showed group revenue and profit by and large in line with analyst consensus. However the revenue mix of the business lines varied: within the digital business Software AG's Cloud & IoT revenue increase of 143.6% in Q2 was ahead of expectations (consensus +95%) whereas the revenues from integration software (DBP excluding Cloud and IoT) were lower than expected (EUR 97.5 million vs. consensus EUR 104.3 million; previous year EUR 101.8 million). Ongoing reorganisation of the sales force in North America led to DBP license revenues of EUR 28.3 million (consensus EUR 35.1 million; previous year EUR 35.7 million). On the other hand the traditional business with Adabas & Natural products delivered again stable results proving the sustainable strength of the business line. Including professional services of EUR 46.7 million (consensus EUR 46.2 million; previous year EUR 46 million), the company's total revenue in the second quarter increased by 2.1% reaching EUR 210 million (consensus EUR 211.8 million; previous year EUR 205.7 million).
Deutsche Telekom and Software AG have announced a strategic partnership to deliver IoT services on a global scale. Deutsche Telekom and its enterprise customer unit T-Systems will expand their Cloud of Things offering, using Software AG’s Cumulocity IoT platform.
Software AG (Frankfurt MDAX: SOW), the market leading software provider for business transformation, today announced that Gartner, Inc., a leading industry analyst firm, named it a Visionary in the “Magic Quadrant for Industrial IoT Platforms”* report for its Cumulocity IoT Platform.
At its North America User Group Conference starting today in New York, Software AG unveiled webMethods Service Designer, a lightweight integrated design and development tool for building integrations and APIs. This tool provides users free access with a one year trial license to develop Flow services, APIs and integrations using Eclipse and generate unit test cases for the purpose of DevOps automation. Lightweight and easy to install and set up, the download comes with a simplified view of the Service Development perspective coupled with VCS integration capabilities, along with the Eclipse E-Git plugin. It can be used for developing, editing, testing and debugging APIs and their underlying services.
Software AG (Frankfurt, MDAX: SOW) today announced that its Supervisory Board has appointed Dr. Elke Frank as its new Chief Human Resources Officer (CHRO) and a Member of the Executive Board effective August 1st, 2019. Elke will be responsible for all aspects of HR including talent management, people development and cultural transformation as part of the company’s bold new strategy.
It was 49 years and 364 days ago, on May 30, 1969. Six young men – all employees at the consulting firm AIV (Institut für Angewandte Informationsverarbeitung) – established Software AG in Darmstadt as a start-up. Today, Software AG is one of the leading software companies of the world, helping to run the world with precision for 50 years, in robust health and actively promoting independence and interoperability – with software from any vendor, anywhere, anytime.
Adobe Experience Platform and Marketo Engage Combined with Software AG’s technology Helps Companies Stitch Customer Data From Across Systems
Software AG (Frankfurt MDAX: SOW) today unveiled webMethods.io, a multi-function iPaaS which combines the low-code usability of Built.io with the high control of complex integrations and APIs in webMethods Integration Cloud. With an industry-leading set of 300+ supported connectors, webMethods.io integrates apps, data, APIs, B2B, and IoT devices.
Software AG (Frankfurt MDAX: SOW) today announced its position as a Visionary in Gartner’s Magic Quadrant for Enterprise Integration Platforms as a Service (Enterprise iPaaS)*. We believe this recognition solidifies Software AG’s ability in all aspects of integration services delivery and demonstrates its aggressive pursuit to lead the innovation of the Enterprise iPaaS space. Software AG has quickly infused the capabilities of recently acquired Built.io into the new webMethods Enterprise iPaaS offering, providing quick enablement of enterprise integration workflows as well as fast and easy connectivity to mobile apps, cloud services, social networking, devices and "things."
Software AG (Frankfurt MDAX: SOW) today announced its Cumulocity IoT platform is rated a leading vendor amongst 20 IoT vendors in MachNation’s 2019 IoT Application Enablement Scorecard (January 2019). Cumulocity IoT has received this rating for the fifth year in a row. Among the 20 vendors rated, Software AG received the highest total score across a set of requirements spanning four distinct categories (develop, deploy, operate, and extend).
Today Software AG (Frankfurt MDAX: SOW), the market-leading software provider for business transformation, announced the release of Alfabet FastLane, a new Software as a Service (SaaS) solution that offers organizations the means to quickly and easily set up an IT portfolio management (ITPM) practice for governance and optimization of their IT landscape. Alfabet FastLane comes with pre-configured portfolio analyses, pre-built reports and dashboard views that provide commonly needed answers on portfolio issues, step-by-step guidance for data entry and user assistance to aid in task completion. Built on best practices gleaned from years of experience as the market leader in ITPM, Alfabet FastLane provides CIOs, IT directors and other senior IT staff a pragmatic, proven tool that can be used to improve business and IT agility, create operational efficiencies, and manage IT costs.
Software AG (Frankfurt MDAX: SOW) today pre-announced its financial figures (IFRS, preliminary) for Q1 2019 per ad hoc release. In the first quarter since the announcement of the Helix transformation strategy, the business delivered strong Group-level performance, slightly ahead of expectations for Revenue and comfortably ahead of expectations for EBIT. Software AG’s revenue mix continues to reflect trends seen in Q4 2018, with a higher proportion of revenue than expected in the Adabas & Natural (A&N) segment. The Group’s Digital Business Platform (DBP, excluding Cloud & IoT) and Cloud & IoT segments performed less well than expected, as certain deals slipped beyond the end of the quarter and due to a reorganization of the salesforce in North America. The benefit of these actions is expected to show in the remainder of 2019 and beyond. During Q1, Adabas & Natural (A&N) outperformed market expectations, growing 22 percent to €54.7 million. DBP (excluding Cloud & IoT) delivered revenue of €90.5 million, while IoT and Cloud delivered revenue of €9.5 million. The outperformance of A&N has led the Group to modify its 2019 guidance for that segment, with the expectation that it will now deliver -3 to +3 percent revenue growth at constant currency (previously -5 to 0 percent).
Today, the Management Board of Software AG (MDAX, ISIN DE000A2GS401 / SOW) pre-announced its financial figures (IFRS, preliminary) for the first quarter of 2019. According to an initial consolidation of the results, the company showed higher than expected license revenue in the A&N business line driven by the capacity extensions of major deals. Due to a few deal slippages from Q1 to Q2, the revenue of DBP excluding Cloud & IoT increased only by 1% compared to the previous year’s level. Software AG’s Cloud & IoT revenue increase of 49% in Q1 does not yet fully reflect the company’s dynamic growth expectation for the full year (75% to 125%).
Software AG (Frankfurt MDAX: SOW) today announced the availability of Apama Analytics Builder to radically reduce the time it takes to design, develop, and deploy analytics for Internet of Things applications. Analytics Builder gives engineers and other domain experts working on the IoT Edge a web-based capabilitiy to develop analytic applications on streamed data, test them with simulated or live data, and deploy them immediately with a single click for the real-time processing of machine data and events.
Software AG (Frankfurt, MDAX: SOW) today announced the Zero Defects Manufacturing Platform (ZDMP), which was launched in January 2019 for 48 months with an investment of 19M€ provided by 30 sponsoring companies and the European Commission. Its mission is to develop and establish a digital platform and related apps for achieving excellence in manufacturing through zero defect processes and products. Software AG will contribute its webMethods Hybrid Integration Platform and Cumulocity IoT to support ZDMP with data acquisition, integration, interoperability and IIoT capabilities. In addition, Software AG is leading the Ambassador Program for the ZDMP project.
Coca-Cola European Partners (CCEP), the world’s largest independent Coca-Cola bottler, has chosen Software AG’s hybrid integration platform as a key enabler for implementing its technology and business transformation programme. CCEP was looking for a single integration platform to meet current and future requirements in alignment with its API-LED architecture and Cloud first strategy.
Software AG today announced that Forrester Research Inc., a leading industry analyst firm, has named Software AG a ‘Leader’ in The Forrester Wave™: Enterprise Architecture Management Suites, Q1 2019 (published on March 05, 2019)* for its Alfabet solution.
Software AG (Frankfurt, MDAX: SOW) and Telstra, Australia’s largest telecommunications company today announced a partnership to create a solution for digital automated water management.
The Management Board of Software AG (MDAX, ISIN DE000A2GS401 / SOW) adopted the following resolutions:
Software AG (Frankfurt MDAX: SOW) today released its financial results (IFRS, preliminary) for the fourth quarter and 2018 fiscal year, the outlook for 2019, and details of its new profitable growth strategy. Demand for the company’s solutions is especially high in the rapidly growing, global Internet of Things (IoT) market. The company’s new Cloud & IoT business continued its dynamic growth in FY 2018 with €30.3 million in total revenue, an increase of 106 percent. Fueled by high demand for independent, open and cloud-based platforms, annual recurring revenue (ARR) in the Cloud & IoT business increased by 118 percent. Moreover, total revenue from Software AG’s Digital Business Platform (incl. Cloud & IoT) rose by 5 percent to total €464.7 million. The Adabas & Natural (A&N) database business also continued on a positive course with total revenue in this business line rising 2 percent to €218.3 million in FY 2018. In addition to total product revenue growth of 4 percent, Software AG also increased its profitability. Earnings before interest and taxes (EBIT) improved by 4 percent to 231.6 million. Operating earnings (EBITA, non-IFRS) in FY 2018 reached €272.9 million, resulting in an operating margin (EBITA, non-IFRS) of 31.5 percent. At €165.2 million income after taxes also increased by 17 percent year-on-year.
Software AG (Frankfurt, MDAX: SOW) today announced that Dr. Wolfram Jost, who engineered Software AG’s digital transformation technology as the company’s Chief Technology Officer, will leave Software AG to pursue new opportunities.
Software AG (Frankfurt MDAX: SOW) today announced that it was named a Leader by Forrester Research, Inc., a leading independent research firm, in its report, “The Forrester Wave™: Strategic iPaas and Hybrid Integration Platforms, Q1 2019.”* In the report, Software AG received the top score in the Current Offering category and the highest score possible in the Market Presence category, among the vendors evaluated. Forrester cites Software AG’s webMethods Hybrid Integration Platform product, included in the broader Digital Business Platform, which comprises “…data, application, B2B, and IoT integration capabilities in one coherent and well-integrated platform while remaining modular.”
Software AG (Frankfurt MDAX: SOW) today announced the selection of its Cumulocity IoT by The Nordex Group, a global manufacturer of innovative onshore wind turbines. The Nordex Group manages clean-energy wind farms based on sensor data. Headquartered in Hamburg, Germany, the company plans to connect and monitor its 6,800 existing wind turbines, using Cumulocity IoT as a platform for digitizing their wind farms.
SAP and Software AG (Frankfurt MDAX: SOW) announced today that they will be cooperating on the development of an open Smart City platform. The platform will enable cities, communities and administrative districts to implement their own Smart City and Smart Country projects on an independent basis and to offer their citizens new intelligent services. SAP and Software AG made the announcement at the Smart Country Convention, which is taking place from November 20 to 22 in Berlin.
Pepperl+Fuchs, Software AG and Dell are presenting a joint showcase at this year's SPS IPC Drives, Europe's leading exhibition for electric automation, in Nuremberg. From November 27 to 29, the showcase, titled "Smart Industrial IoT," will demonstrate the seamless integration of automation technology and IT systems within an Industry 4.0 production environment.
Software AG (Frankfurt TecDAX: SOW) today announced the immediate availability of webMethods B2B Cloud, a new Partner Integration-as-a-Service (PIaaS). webMethods B2B Cloud provides enterprises with the integration, mediation, orchestration, automation, and optimization of key business transactions with external partners.
Software AG (Frankfurt TecDAX: SOW) today unveiled its newest release of its integration Platform as a Service (iPaaS) webMethods Integration Cloud, which now enables customers to deploy integrations designed on-premises directly in webMethods Integration Cloud.
Today, the Supervisory Board of Software AG appointed John Schweitzer (50) as the new Chief Customer Officer and Member of the Executive Board of the company as of November 1st, 2018.
Software AG (Frankfurt MDAX: SOW) today released its financial results (IFRS, preliminary) for the third quarter of 2018. A growing number of large corporations worldwide chose Software AG's leading technology to implement their digitalization strategies. Demand for the Germany based company’s solutions is especially high in the rapidly growing, global Internet of Things (IoT) market. The company’s new Cloud & IoT business continued its dynamic growth in the third quarter with €9.1 million in total revenue, an increase of 144 percent. Fueled by high demand for independent, open and cloud-based platforms, annual recurring revenue (ARR) in the Cloud & IoT business increased by 111 percent. Furthermore, license revenue from Software AG’s Digital Business Platform (excl. Cloud & IoT) rose by 15 percent to total €37.1 million. The Adabas & Natural (A&N) database business also continued on a positive course. Thanks to above-average license growth at 48 percent, total revenue in this business line rose 11 percent to €52.3 million (2017: 48.9 million) in the quarter under review. In addition to revenue growth in all product business lines, Software AG also increased its profitability. Earnings before interest and taxes (EBIT) improved to €54.5 million (2017: €50.4 million). Operating earnings (EBITA, non-IFRS) increased to €63.8 million (2017: €63.6 million). This resulted in an operating margin (EBITA, non-IFRS) of 30.5 percent (2017: 32.2 percent). At €38.1 million (2017: €33.8 million) income after taxes also increased by 13 percent year-on-year.
Software AG (Frankfurt TecDAX: SOW) and Eurotech (ETH:MI) , a long-time leading provider of industrial embedded hardware such as gateways, servers, control systems and boards, today announced a new collaboration in which Eurotech’s latest release of Everyware Software Framework (ESF) added out-of-the-box connectivity with Software AG’s Cumulocity IoT.
Software AG (Frankfurt TecDAX: SOW) has announced an extended partnership with Dell Technologies in which the company will bundle Software AG’s Cumulocity IoT Edge with a selection of Dell’s servers. This will provide a joint plug-and-play solution for rapid deployment and simple configuration for instant IoT. Cumulocity IoT Edge, powered by Dell Technologies, is a high-performance industry-proof bundle, combining hardware, software and services for the IoT which enables customers to connect, power up and start their IoT project immediately. Customers can connect any number of different end devices and sensors in just a few minutes. With features like integrated streaming analytics, preconfigured smart rules and field bus connectivity, it helps to create complex IoT solutions quickly and smoothly.
A new independent survey from VansonBourne sponsored by Software AG (Frankfurt TecDAX: SOW) found that one in four Global Fortune 2000 enterprises rank Internet of Things (IoT) deployment as the most important initiative in their organization yet 90% experience barriers to effective implementation and expansion due to lack of IoT expertise and skills in-house. The survey queried 800 senior IT and business decision makers at organizations with a global annual revenue of $500M and higher across 13 different countries in North America, Europe and Asia Pacific. The respondents came from organizations that were deploying IoT platforms and the respondents themselves had some level of involvement and responsibility for selecting and maintaining those solutions. Full survey results can be found here.
Software AG (Frankfurt TecDAX: SOW) today announced the availability of Nyoka, an open source library that enables data scientists to transform Artificial Intelligence (AI), Predictive Analytics and Machine Learning models into the Predictive Model Markup Language (PMML) industry standard. Nyoka is a Python library that provides comprehensive support for the latest PMML standard as well as extensions for data preprocessing, script execution and deep neural networks. Nyoka underscores Software AG’s commitment to open industry standards and complements its Zementis predictive analytics for enterprise-grade, operational deployment of AI.
PrEstoCloud is a research project funded by the European Commission with the goal of developing a dynamic and distributed software architecture platform that manages cloud and fog resources proactively, while utilizing edge resources for efficient real-time big data processing. Three pilot projects in different domains will demonstrate the power of PrEstoCloud’s new approach: wide-area video and audio surveillance, logistics, and mobile journalism. Based on an innovative architecture, the smart video and audio surveillance system combines extreme edge, fog and cloud computing. The surveillance pilot is now ready for demonstration.
Software AG (Frankfurt TecDAX: SOW) today announced a new recruitment programme that encourages women computer scientists and software engineers back to the workforce after taking a career break.
Software AG (Frankfurt TecDAX: SOW) today released its financial results (IFRS, preliminary) for the second quarter of 2018. A growing number of large global companies are leveraging Software AG’s leading technologies to digitalize key business processes. The company has reported a 17 percent increase in license and a 7 percent growth in product revenue in the second quarter. License revenue for the Digital Business Platform business improved by 11 percent and product revenue by 6 percent. Software AG’s new Cloud & IoT business maintained its momentum with 56 percent revenue growth. Propelled by high market demand for independent and open, cloud hosted platforms, software-as-a-service revenue jumped 103 percent. As a result, annual recurring revenue in the Cloud & IoT business doubled. This figure is a key measure of sustainable success in this segment. This development enables Software AG to raise revenue predictability. The Adabas & Natural (A&N) database business also continued the positive trajectory of the last four quarters. Thanks to above-average license growth of 38 percent, product revenue rose 7 percent. In addition to the increase in Group product revenue, Software AG also further increased its profitability. Operating earnings (EBITA, non-IFRS) went up to €61.5 million (2017: €61.3 million); the operating margin (EBITA, non-IFRS) rose to 29.9 percent (2017: 29.5 percent).
Software AG (Frankfurt TecDAX: SOW) today announced its acquisition of TrendMiner NV. Founded in 2008 and based in Hasselt, Belgium. TrendMiner specializes in visual data analytics for the manufacturing and process industry and will complement Software AG’s Cumulocity Internet of Things (IoT) and Industry 4.0 product portfolio. It enables manufacturing companies and the process industries to quickly and easily recognize patterns and trends in their process data, identify production irregularities, and adapt necessary process adjustments early - without the need for support from IT specialists or data scientists. TrendMiner’s plug-and-play software adds value immediately after deployment.
Software AG (Frankfurt TecDAX: SOW) today announced a strategic partnership with leading international industrial service provider Bilfinger SE to significantly reduce the risk, time to value and cost of Internet of Things adoption for companies in the process industry. The new venture Bilfinger Digital Next, a center of competence for digitalization, will integrate Bilfinger’s Connected Asset Performance (BCAP) solution with Software AG’s Cumulocity IoT platform.
Software AG (Frankfurt TecDAX: SOW) today announced the selection of Cumulocity IoT by POST Luxembourg to fulfill its plans to offer a comprehensive range of smart IoT services in Luxembourg.
Software AG (Frankfurt TecDAX: SOW) today announced that CirrusLabs has become an authorized Software AG PowerUp partner helping to expand the company's presence in North America with a focus on enabling enterprises to quickly become proficient with its Cumulocity IoT platform. Software AG's PowerUp partner program includes consulting companies, systems integrators, Cloud services, and solution providers.
Software AG (Frankfurt TecDAX: SOW) today announced the selection of its Cumulocity IoT by Trakerando, a forward-thinking GPS tracking solution provider, for use in its enhanced tracking services.
Software AG (Frankfurt TecDAX: SOW) ) today announced how STW (Sensor-Technik Wiedemann) is implementing a solution, powered by Software AG’s Cumulocity IoT platform, for remote condition monitoring of exhaust gas treatment systems retrofitted to London buses as part of the Greater London Authority’s plans to create an Ultra Low Emission Zone (ULEZ). HJS Emission Technology is the company that will provide the high-efficiency emissions systems to the Transport for London (TfL) buses, coupled with its UK partner, Emission Engineering Ltd (EEL).
Software AG (Frankfurt TecDAX: SOW) today announced a collaborative partnership with Telefónica to deliver a powerful solution for digital transformation and Internet of Things (IoT) solutions in the B2B market in Spain.
In the manufacturing sector, the combination of the physical and digital worlds generates enormous volumes of data. IoT platforms enable data from different sources to be analyzed in real time allowing necessary actions to be triggered in a purposeful manner. It is essential, however, that the data is linked and placed into context. With Cumulocity IoT, Software AG provides a market-leading IoT platform with comprehensive development options, allowing for the development of customer-specific IoT applications. As a strategic technology partner, GFT Technologies SE (GFT) has already successfully implemented various digital platform solutions for leading international banks and has initial experience of their application in industrial companies. With an eye on future projects, the team at GFT has recently completed in-depth Cumulocity training.
Software AG (Frankfurt TecDAX: SOW) today pre-announced its financial figures (IFRS, preliminary) for the first quarter of 2018. Only one quarter after the Company’s official announcement to show its IoT & Cloud revenue separately, Software AG witnessed strong growth in this new business area. The IoT & Cloud business increased by 125 percent to €6.4 million in Q1. The cloud order entry improved even stronger with an increase of 195 percent, driven by high market demand and accelerating customer adoption of independent and open IoT & Cloud platforms. Increasingly, major global corporations are building their IoT & Cloud strategy on Software AG’s leading technology. Based on this positive market development, the Company is confident of seeing further acceleration in its IoT & Cloud business. Consequently, Software AG’s Management Board has decided to increase its 2018 outlook for the IoT & Cloud business from 70 to 100 percent growth (EUR 25-30 million) to 100 to 135 percent growth (EUR 30-35 million). Additionally, the Company confirmed its 2018 revenue outlook for its Digital Business Platform (excluding IoT & Cloud revenue) and Adabas & Natural. Also confirmed is the 2018 operating margin (non-IFRS) and EPS margin (non-IFRS) outlook.
Ooredoo announced today it will further enable Internet of Things (IoT) business innovations in Qatar, with its new partnership on Software AG’s Cumulocity IoT platform.
The Supervisory Board of Software AG has today appointed Sanjay Brahmawar (47) as the new Chief Executive Officer of Software AG for five years as of August 1, 2018. Brahmawar succeeds Karl-Heinz Streibich (65), who will step down after more than 14 years at the top at Software AG as he has reached the recommended age limit.
Software AG today released its financial results (IFRS, preliminary) for the fourth quarter and 2017 fiscal year. The company reported the most successful quarter in its history for its growth engine Digital Business Platform. Both license and maintenance revenues reached all-time quarterly highs. New strategic IoT partnerships formed in 2017 with global corporations laid the foundation for scalable and dynamic growth. Accordingly, Software AG will report its IoT / Cloud revenues separately starting in 2018. License revenue in the Adabas & Natural database business also demonstrated above average growth in the fourth quarter. Along with a total revenue increase, Software AG was also able to increase profitability. The company’s operating profit margin (EBITA, non-IFRS) set a new record in Q4, climbing 250 basis points to hit 36.7 percent. These results confirm Software AG’s growing relevance in the global IT market and underline the company’s increasing momentum in strategic IoT and Industry 4.0 projects, which lay the foundation for further profitable growth.
New Survey from Software AG Reveals that Manufacturers Are Not Scaling IIoT Across the Enterprise Due to Failure to Invest in Predictive Analytics and Innovative Integration Strategies.
Software AG (Frankfurt TecDAX: SOW) today announced the recipients of its 2018 PowerUp Partner Awards. Presented at the Software AG Sales Kick-off (SKO) in Madrid, Spain, the awards are in recognition of the partners who used Software AG products and solutions in the most innovative way. The focus in 2018 was on simplifying and accelerating our customers’ digital transformation journey, enabling them to better interact with their customers, introduce new digital business models and turn market potential in to business results. This year, Software AG is honored to acknowledge the success of Capgemini, Dell EMC, Tata Consultancy Services (TCS), PT Mitra Integrasi Informatika (MII) and Technology Strategies Middle East (TSME) delivering innovative digital solutions.
Software AG (Frankfurt TecDAX: SOW) today announced the successful completion of a wide-ranging Smart City project with its partner, Technology Strategies Middle East (TSME), in which Cumulocity IoT is used as the foundation IoT platform of choice in the capital city of the United Arab Emirates, Abu Dhabi.