Software AG

  • WKN: A2GS40
  • ISIN: DE000A2GS401
  • Land: Germany

Nachricht vom 21.03.2007 | 17:59

Software AG: Software AG Acquires SPL Software of Israel


Software AG / Acquisition/Acquisition

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Darmstadt – 21.3.2007 – As per April 1st, 2007 Software AG 
(Reuters: SOWGn.F, WKN: 330400) will acquire an 80.08% share in its Israeli
distributor SPL Software Ltd., based in Tel Aviv. Software AG’s supervisory
board agreed today to the transaction; the purchase price of US$ 61.6
million (€ 46.3 million) will be paid fully in cash. SPL Software currently
is wholly owned by Silverboim Holdings Ltd., Tel Aviv, which will continue
to hold the remaining shares in SPL Software.
SPL Software generates 93% of its revenue with Software AG products in the
banking and insurance industries and the public sector. SPL Software
currently has 296 employees (full time equivalents) of which 257 are IT
consultants developing industry specific solutions based on Software AG’s
product portfolio. The company is one of the market leaders in its sector
in Israel.
Due to the acquisition, Software AG expects incremental revenue of
approximately € 20 million for fiscal 2007. Therefore, the forecasted
growth in revenue for 2007 is raised from 10% to 14% (net of currency
effects). The expected increase in EPS is estimated to be € 0.10. Based on
this increase, the EPS of Software AG for fiscal 2007 is now expected to be
in the range of € 3.00 to € 3.20.





DGAP 21.03.2007 
----------------------------------------------------------------------
 
Language:     English
Issuer:       Software AG
              Uhlandstraße 12
              64297 Darmstadt Deutschland
Phone:        +49 (0)6151 92-1938
Fax:          +49 (0)6151 92-1933
E-mail:       Investor.Relations@softwareag.com
www:          www.softwareag.com
ISIN:         DE0003304002
WKN:          330400
Indices:      TecDAX
Listed:       Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
              Berlin-Bremen, Düsseldorf, Hamburg, München, Stuttgart
 
End of News                                     DGAP News-Service
 

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