Software AG, a major German software corporation, is actively seeking bids for two of its software platforms, with considerations underway for a third. This move comes amid a broader strategy revision by the company.
About Software AG
Founded in 1969 and headquartered in Darmstadt, Germany, Software AG specializes in enterprise software for business process management. The company has global presence in over 70 countries and over 10,000 enterprise customers. As of January 2024, Software AG stands as Germany’s second-largest software vendor and seventh in Europe. Traded under the symbol “SOW” on the Frankfurt Stock Exchange, it’s a notable component of the TecDAX technology index.
Platform divestiture
The platforms in question are Trend Miner, used for industry data analysis, Cumulocity, a tool for the Internet of Things, and Alfabet, specializing in company architecture visualization. This development follows the recent sale of its StreamSets and webMethods platforms to IBM, indicating a significant restructuring in Software AG’s portfolio.
Silver Lake’s involvement
Silver Lake, a private equity firm with a majority stake in Software AG, announced a delisting offer at 32 euros per share. This decision was a follow-up to their acquisition of a controlling interest in the company in June 2023, valued at 2.4 billion euros. The acquisition by Silver Lake marked a significant shift in the company’s ownership and strategic direction.
The reported explorations for sale and restructuring efforts reflect Software AG’s evolving strategy in the competitive software industry. The company, however, was not immediately available for comment on these developments.
—
Are you looking for your next tech hire? Get in touch with one of the PL Talents’ experts – we are the number one tech recruitment specialist in Germany.