Software AG

EANS-News: Software AG
Software AG appoints Ivo Totev to the Executive Board

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professional career

Darmstadt (euro adhoc) - Darmstadt, Germany, 16-03-2009 - Software AG has appointed Ivo Totev to the Executive Board with responsibility for Professional Services worldwide.

Ivo Totev has more than fifteen years experience in the IT-industry, holding positions in Progress Software, Sun Microsystems and SAP before joining Software AG in 2005. Initially responsible for the implementation of product strategy and product marketing in the integration business, Ivo has been Chief Marketing Officer since mid-2007.

Ivo Totev assumes immediate responsibility for the global Professional Services business replacing Holger Friedrich. Holger Friedrich leaves Software AG due to personal reasons.

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 EUR721 million in 2008 (IFRS, unaudited).

end of announcement                               euro adhoc

Further inquiry note:

Paul Hughes
Director Media Relations
Telephone +49 (0) 6151 92-1787
Fax +49 (0) 6151 92-1623

Norbert Eder
Vice President Corporate Communications
Telephone +49 (0) 6151 92-1146
Fax +49 (0) 6151 92-1623

Branche: Software
ISIN: DE0003304002
WKN: 330400
Index: TecDAX, CDAX, HDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse Hannover / free trade

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

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