Software AG

Software AG

January 07, 2005 10:55 ET

Software AG to Acquire Legacy Integration Technology Company Sabratec Ltd.


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: SOFTWARE AG

JANUARY 7, 2005 - 10:55 ET

Software AG to Acquire Legacy Integration Technology
Company Sabratec Ltd.

DARMSTADT, Germany--(CCNMatthews - Jan 7, 2005) -

Software AG plans to acquire Sabratec Ltd., one of the top visionaries
in the legacy integration market. The privately-owned company,
headquartered in Israel, is recognized worldwide for its ApplinX legacy
integration technology. The combined capabilities of the two companies
will provide customers around the world with the power to quickly and
easily integrate virtually all of their mission-critical legacy
applications with the newest business architectures.

The ApplinX product is highly synergistic with Software AG's Enterprise
Transaction Systems and XML Business Integration portfolios. The ApplinX
technology focuses on helping the great majority of mainframe customers
- with applications written in COBOL - to cost effectively extend those
applications to other business systems. (Sabratec currently serves
approximately 200 customers worldwide including the USA, Europe, South
America and Australia). With around 2,000 Adabas/Natural customers,
Software AG provides products that help companies preserve investments
in their legacy applications. The combined entities will expand Software
AG's modernization and integration portfolio to serve a broad global
community.

"The planned acquisition of Sabratec and its innovative ApplinX
integration technology will further position Software AG as a strategic
partner to its existing and new customers," said Karl-Heinz Streibich,
CEO of Software AG. "It will also allow us to expand our market-share
while better positioning the company for organic growth."

"I am proud that Software AG has chosen the ApplinX technology after
extensive market research," said Orna Minz-Dov, CEO of Sabratec. "The
management team is looking forward to increasing successes with Software
AG and extremely pleased to be working with such a successful and stable
company".

As part of the agreement, Software AG will acquire Sabratec's Israeli
headquarters as well as Sabratec, Inc., located in New York. In
addition, Sabratec's partners in 14 countries worldwide will be able to
better serve their customers by offering a full line of proven XML-based
integration solutions from Software AG.

Software AG provides a real-time single view of strategic business
information by integrating applications and systems, in addition to
modernizing mainframe and open system IT environments. Its offerings are
based on the product families Adabas, Natural, EntireX and Tamino.
Around 2,500 employees in 59 countries support the mission-critical
systems of 3,000 customers around the world. The company maintains five
R&D facilities across three continents. Founded in 1969, Software AG
today is Europe's largest and most established systems software
provider. It is headquartered in Darmstadt, Germany and is listed on the
Frankfurt Stock Exchange (TecDAX, ISIN DE 0003304002 / SOW). In 2003
Software AG posted 420 million euros in total revenue. The Internet
address is www.softwareag.com.



Further Information:

Susanne Eyrich Tel.: 06151-92-1201
VP Corporate Communications Fax: 06151-92-1933
Software AG press@softwareag.com
Uhlandstrasse 12 www.softwareag.com
D-64297 Darmstadt



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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Software AG
    Susanne Eyrich, 06151-92-1201