Software AG has become one of Europe five largest software companies, according to the 2007 “Truffle 100 Europe” report.
The report is the leading ranking of the top 100 European software companies and the 2007 issue shows that through constant innovation and heavy investment in R&D, European companies are successfully facing global competition.
Software AG climbed one spot in this year’s rankings, trailing just 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, making the company one of the 25 largest software companies in the world.
“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 €3,3-billion in R&D and employed 175 000 people,” says 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.”
Software AG acquired the US company 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 has established Software AG as a global leader in business infrastructure software. The company is now one of the largest independent vendors in the rapidly growing business process management (BPM) and service-oriented architecture (SOA) markets in both the US and Europe.
“With operations in more than 70 countries, Software AG is one of the industry’s most globally-focused software companies. Over 85% of our revenue is outside Germany with the USA our largest market. Building on this foundation, we’re committed to being the global leader in business infrastructure software.” says Karl-Heinz Streibich, CEO of 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 and our target of doubling revenue by 2011, we’ve made significant strides towards achieving this objective.”
The Truffle 100 Europe was initiated by Truffle Capital, a leading European private equity firm, and Syntec informatique, and is published in conjunction with the other main national IT trade associations in Europe.