Alle Storys
Folgen
Keine Story von Software AG mehr verpassen.

Software AG

euro adhoc: Software AG
Mergers - Acquisitions - Takeovers / Software AG to acquire integration technology company Sabratec Ltd.

Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
07.01.2005
Software AG plans to acquire 100 percent of the shares of privately
owned Sabratec Ltd., Tel Aviv, a vendor of integration software. A
share purchase agreement has been reached with the majority of the
shareholders today, following a letter of intend dated November 30,
2004 and subsequent due diligence. The Supervisory Board of Software
AG agreed to the planned deal on December 8, 2004.
The purchase price of seven million US Dollars will be paid in cash
after closing. In addition the former shareholders of Sabratec will
receive a future revenue based earn-out over the next three years up
to a total amount of four million US Dollars.
Sabratec is the first example of Software AG’s announced acquisition
strategy, which is focused on product components to enhance core
competencies and to position the company as a strategic partner to
existing and new customers. Software AG will assume responsibility of
16 employees, mostly software developers, who will continue to work
in Tel Aviv.
Software AG’s primary interest is ApplinX, the main product developed
by Sabratec. This integration software expands Software AG’s legacy
modernization product portfolio. It enables the company to fully
address the modernization and integration requirements of legacy
users. Most important is the opportunity to win new customers in the
large COBOL community.
Sabratec currently serves approximately 200 customers worldwide
including the USA, Europe, South America and Australia.  Founded in
1997 in Israel, it has distribution partners in 14 countries around
the world and a subsidiary in New York. The acquisition showed
growing product revenue (circa 3 million US dollars) and profit in
2004.  The Board of Software AG expects to accelerate this trend and
thus the acquisition to be accretive in terms of revenue and net
profit from the first year.
Software AG's executive board will hold an analyst conference call
today at 2:00 p.m. (CET). To participate, please call: +49 (0) 69
50957 2060.
A ReBroadcast will be available until January 21, 2005 under the
following number: +49 (0) 69 50957 9999 (Access-Code: 275384).
You can find further information in our additional press release,
published on www.softwareag.com.
Note: The attached German language version is legally binding.
end of announcement                    euro adhoc 07.01.2005 10:02:37 

Further inquiry note:

Investor Relations:
Otmar F. Winzig, Vice President Investor Relations
Tel.: +49 (0)6151 92 1669
E-Mail: otmar.winzig@softwareag.com

Presse:
Susanne Eyrich, Vice President Corporate Communications
Tel.: +49 (0)6151 92 1511
E-Mail: susanne.eyrich@softwareag.com

Branche: Software
ISIN: DE0003304002
WKN: 330400
Index: Midcap Market Index, TecDAX, Prime Standard, CDAX, HDAX, Prime All Share, Technologie
All Share
Börsen: Berliner Wertpapierbörse / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade
Bayerische Börse / free trade
Bremer Wertpapierbörse (BWB) / free trade
Frankfurter Wertpapierbörse / official dealing

Original-Content von: Software AG, übermittelt durch news aktuell

Weitere Storys: Software AG
Weitere Storys: Software AG