Truffle 100: Software AG is Now Europe's 5th Largest Software Company
-- The "Truffle 100 Europe" ranks the region's leading technology
companies based on software license revenue
-- With revenue expected to exceed $1B in 2008, Software AG is
also on target to become one of the twenty-five largest
software companies in the world
-- Software AG's acquisition of webMethods recognized by ACQ
Finance Magazine as its "Cross-Border Deal of the Year"
RESTON, Va.--(Business Wire)--Software AG announced today that it was recognized by Truffle
Capital as the fifth largest European software company in the recently
published 2007 Truffle 100 Europe (Truffle 100 Europe) rankings.
Software AG climbed one spot in this year's rankings, trailing only
SAP, SAGE, Dassault Systems and Business Objects in terms of total
software revenue worldwide. Based on current exchange rates, Software
AG's most recent guidance calls for the company to surpass $1 billion
in annual revenue in 2008, which would make the company one of the
twenty-five largest software companies in the world.
The Truffle 100 Europe was released at a recent presentation in
Brussels chaired by Viviane Reding, European Commissioner for
Information Society and Media. The Truffle 100 Europe ranks the top
100 European software companies with the 2007 edition demonstrating
that constant innovation and heavy investment in R&D have positioned
European companies to successfully compete in the global marketplace.
"Our data clearly shows that the European software industry is
succeeding in reversing the brain drain of the 1990s, when many
qualified IT employees sought jobs outside Europe. Last year, the
Truffle 100 invested EUR 3.3 billion in R&D and employed 175,000
people," commented Bernard-Louis Roques, General Partner IT at Truffle
Capital. "This is excellent news for European economies, which will
profit greatly by increased employment throughout the software
industry."
"With operations in over seventy countries, Software AG is one of
the industry's most globally-focused software companies. Over 85% of
our revenue is from outside Germany with the U.S. serving as our
largest market. Building on this foundation, we're committed to being
the global leader in business infrastructure software," said
Karl-Heinz Streibich, Chief Executive Officer, Software AG. "We
believe that the industry needs large, independent vendors to drive
innovation and provide customer choice. As evident by the industry
recognition that we've garnered for our technology as well as the
progress we've made towards reaching EUR 1B in annual revenue by 2011,
we've made significant strides towards achieving this objective."
For the second year in a row, the Truffle 100 Europe, established
with the support of CXP, a market research organization focused on
software, and IDC, a leading global market intelligence firm, sheds
light on the leaders of the software industry, reveals new trends and
demonstrates the vitality of the industry and its contribution to the
Lisbon agenda. The Truffle 100 Europe was initiated by Truffle
Capital, a leading European private equity firm, and France's Syntec
informatique, and is published in conjunction with the other main
national IT trade associations in Europe: Agoria (Belgium),
Aitech-Assinform (Italy), BITKOM (Germany), and Intellect (UK). The
Truffle 100 is comprised of companies with both headquarters and
research & development based in Europe, which includes the twenty-five
member nations of the European Union as well as Switzerland and
Norway.
The Truffle 100 Europe companies last year collectively invested
EUR 3.3 billion in R&D, or 15% of total revenues, and 63% of them
expect to increase their investments this year. With a headcount of
175,000, Europe's software vendors have become a key force in creating
new added-value jobs for engineers, computer programmers, and other
highly qualified employees. The industry enjoyed revenue growth in
2006 of 6.6% across the sector.
Separately, Software AG was honored by ACQ Finance Magazine, a
leading acquisition finance magazine in Europe, for the publication's
"Cross Border Deal of the Year" for 2007. This was in recognition of
the company's successful acquisition of US-based webMethods, Inc., and
was based on the publication's exclusive survey of financiers and
investors. Software AG acquired webMethods for $546 million in June
2007 in one of the largest pure software deals in the history of the
European IT industry. The acquisition established Software AG as a
global leader in business infrastructure software.
About Software AG
Software AG's 4,000 global customers achieve measurable business
results by modernizing and automating their IT systems and rapidly
building new systems to meet growing business demands. The company's
industry-leading product portfolio includes best-in-class solutions
for managing data, enabling service oriented architecture, and
improving business processes. By combining proven technology with
industry expertise and best practices, our customers improve and
differentiate their businesses - faster. Software AG has more than 37
years of global IT experience and approx. 3,800 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 EUR 483 million in 2006.
About Truffle Capital
Founded in 2002 in Paris, Truffle Capital is a leading independent
European private equity firm dedicated to investing in and building
technology leaders in the IT, life sciences and energy sectors. With
EUR 250 million under management, Truffle Capital is led by a team of
four partners with decades of successful investment and
entrepreneurial experience in both Europe and Silicon Valley. Truffle
Capital's investment team is composed of experienced and international
experts. Truffle Capital aims to achieve superior financial returns by
leveraging its industry knowledge, extensive network and unique focus
on spin-offs to identify business ventures that match latent market
needs. For further information, please visit www.truffle.com
Software AG
John Conley, 703-980-8259
John.Conley@SoftwareAG.com
or
Merritt Group for Software AG
Jared B. Adams, 703-390-1530
Adams@Merrittgrp.com
Copyright Business Wire 2007
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