EANS-Adhoc: Software AG acquires Terracotta Inc.
-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------------
Company Information
23.05.2011
San Francisco, USA & Darmstadt, Germany, May 23, 2011 - Software AG (TecDAX, SOW GY, ISIN 0003304002) today signed a purchase agreement to acquire the software company Terracotta Inc. of San Francisco, a provider of in-memory and cloud technology.
Terracotta is a leader in "distributed caching", a key technology for accelerating data-intensive business applications and the basis for scalable cloud solutions. The open source version is the caching standard for enterprise Java applications and has over one million business users. More than 200 enterprises already use the commercial version.
Terracotta was founded in 2003, is privately owned and employs 55 staff in both San Francisco and New-Dehli. Software AG is acquiring Terracotta with all software rights for a middle two-digit Euro million amount. The closing is scheduled for June 2011. Terracotta´s management and staff will be integrated into Software AG´s global R & D organization.
With Terracotta, Software AG is advancing to the top tier of cloud vendors in application middleware. The first Software AG product with integrated Terracotta technology is expected in the 4th Quarter, 2011. The acquisition will therefore have no significant impact on 2011 sales and earnings; the outlook for fiscal 2011 (growth of net income of 10-15% over p.y.) remains unchanged. From 2012, Software AG expects accelerated sales growth in the BPE business. It can achieve dynamic growth through new cloud-based solutions and "Platform as a Service" offerings in the medium term.
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issuer: Software AG
Uhlandstr. 12
D-64297 Darmstadt
phone: +49 (0)6151 92 1899
FAX: +49 (0) 6151 92 1933
mail: investor.relations@softwareag.com
WWW: http://www.softwareag.com
sector: Software
ISIN: DE0003304002
indexes: TecDAX, CDAX, HDAX, Prime All Share, Technology All Share
stockmarkets: official dealing/prime standard: Frankfurt, free trade: Berlin,
Hamburg, Stuttgart, Düsseldorf, Hannover
language: EnglishFurther inquiry note:
Robert Adolph
Manager Investor Relations
Tel.: +49 (6151) 92 1237
E-Mail: robert.adolph@softwareag.com
Branche: Software
ISIN: DE0003304002
WKN: 330400
Index: TecDAX, CDAX, HDAX, Prime All Share, Technology All Share
Börsen: Frankfurt / official dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
Hannover / free trade
Original-Content von: Software AG, übermittelt durch news aktuell