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
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