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Software AG reports $1 billion revenue in 2008
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RESTON, Va.--(Business Wire)-- Software AG today announced that it passed the $1 billion revenue mark in 2008. The audited financial results, published today in the company`s Annual Report, confirmed that Software AG has now passed this significant milestone. "This is important for us," said Software AG CEO Karl-Heinz Streibich. "Vendor size and financial stability are key decision criteria for customers making strategic IT investments, especially in times of economic uncertainty. Software AG has industry leading technology, is relatively safe from a hostile takeover and now has reached $1 billion revenue. We are now the largest independent and global business infrastructure software company." Founded in 1969, Software AG has been at the forefront of four decades of technology innovation from its first product, and still the world`s fastest commercially available database: ADABAS, to its leading webMethods SOA and Business Process Management (BPM) suite. Further information can be found in Software AG's Annual Report at: http://www.softwareag.com/Corporate/inv_rel/reports/annualreport/default.asp Software AG | 11700 Plaza America Drive| Suite 700 | Reston, VA 20190 | USA With more than 1,000 U.S.-enterprise customers and 700 employees, Software AG's U.S.operation contributes one third of the company's total revenue and is Software AG's largest market presence and R&D location. Software AG has operated nationwide in the U.S. since 1973 through a fully-owned subsidiary, Software AG USA Inc., which is headquartered in Reston, Virginia - also an R&D hub for the company`s core data management and integration technologies. R&D labs for the development of Software AG`s webMethods product suite - offering SOA integration and BPM solutions - include facilities in San José/Silicon Valley, Seattle and Denver. For more information, visit www.softwareag.com/us. 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 almost 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. Software AG - Get There Faster Software AG Cheryl Hawkins Senior Manager, Public Relations +1 703-674-4115 Fax: +1 703-674-4061 Cheryl.Hawkins@softwareag.com or Norbert Eder Vice President Corporate Communications +49 (0) 6151-92-1146 Fax: +49 (0) 6151-92-1444 Norbert.Eder@softwareag.com Copyright Business Wire 2009
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