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March 20, 2007
Germany's Software AG Ready To Acquire
Dow Jones reported from Cebit on Sunday that Software AG, the Germany-based SOA and XML software company, is closer to making a rare acquisition.Via the deal or deals, its turnover should grow by €100M this year. The Darmstadt company has about €700M it can pull together for M&A. There were no further clues about the target.
Datamonitor actually reported the upcoming acquisition plans a while ago and has some guesses at possible targets.
Software AG, which admits to having an extremely low profile for a company its size and age, has set a goal to double sales to a billion euros in the next four years. It's trying to raise its profile with some publicity and CI. It even has a blog now, which is good, but we suspect it's written by PR pros, which makes it no fun (at least for us).
The German chancellor made a pitstop at its booth during her visit to Cebit this year.
Read Software AG Promises Rapid Expansion, Acquisitions (datamonitor)
Posted on March 20, 2007 05:55 AM | Posted to News And Updates | Permalink
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