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Software AG

euro adhoc: Software AG
Board of Directors (Appointments and Changes)
Software AG aligns R&D with Business Lines - CTO resigns (E)

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
Software AG CEO, Karl-Heinz Streibich, is focusing the company on two
strategic business lines. Product development for Enterprise
Transaction Systems (Adabas and Natural) and XML Integration (EntireX
and Tamino) will be individually managed and aligned with the
respective business line.
In the first half of 2004, marketing and product management for both
business lines were established and given a global focus. At the same
time, global R&D resources were reorganized. The development centers
and departments are as a result, well prepared for future tasks. Two
chief technology officers (CTO) will be appointed to manage the
individual R&D resources per business line and will become members of
an extended management board at Software AG.
Focusing R&D on the specific requirements of different market
segments will support the dynamic development of the product
portfolio, and allow for closer cooperation with product management.
In the emerging market of business integration solutions, where
requirements and technical options tend to change fast, time to
market is a key success factor. Software AG intends to outperform
this market with innovative solutions and increased partner
cooperation. This requires different structures for the two business
lines - the new organization will offer the desired flexibility.
In respect of the new R&D organization, Software AG CTO, Dr. Peter
Mossack, today resigned his position as board member and will leave
the company at the end of July. The CEO will assume board
responsibility for R&D.
For further information please refer to press release.
end of announcement        euro adhoc 23.07.2004

Further inquiry note:

Investor Relations: Otmar F. Winzig
Tel.: +49 (0)6151 92 1669
E-Mail: otmar.winzig@softwareag.com
Press: Susanne Eyrich
Tel.: +49 (0)6151 92 1201
E-Mail: susanne.eyrich@softwareag.com

Branche: Software
ISIN: DE0003304002
WKN: 330400
Index: CDAX, HDAX, Midcap Market Index, Prime All Share, Prime Standard, TecDAX, Technologie
All Share
Börsen: Frankfurter Wertpapierbörse / official dealing
Niedersächsische Börse zu Hannover / free trade
Berliner Wertpapierbörse / free trade
Bayerische Börse / free trade
Hamburger Wertpapierbörse / free trade
Bremer Wertpapierbörse (BWB) / free trade
Börse Düsseldorf / free trade
Baden-Württembergische Wertpapierbörse / free trade

Original-Content von: Software AG, übermittelt durch news aktuell

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