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March 16, 2006
Swiss software biz SAF prepares for IPO
Swisss software company, SAF AG, announced today its intention to float on the Prime Standard stock exchange in Frankfurt within the next few months. The 10 year old firm is specialized in logistics and supply chain software and services.
CEO Andreas von Beringe, along with co-founder Gerhard Arminger, own 60 percent of SAF AG
SAF employs 50 and has annual sales of €7.4M. Net profit was €2M in 2005. The IPO is meant to finance US expansion and development of new market segments in auto and consumer goods sectors, as well as service sectors (banking and finance). It is mainly focused on the import/export sector today.
About 60 percent of SAF is owned by founders Andreas von Beringe and Gerhard Arminger. Top managers and employees own a small stake, and 40 percent of the shares are owned by German and Swiss venture firms, including Ventizz Capital, Techinvest Beteiligungsgesellschaft, PAARL Ventures GmbH and New Value AG. BNP Paribas is the lead bank on the floatation.
Read- Schweizer Software-Unternehmen SAF plant Börsengang
Posted on March 16, 2006 12:32 PM | Posted to Business software | IPO | Permalink
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