To support the continuing alignment of Software AG to the new strategy, Chief Executive Officer Karl-Heinz Streibich has restructured research and development.
He has integrated the research and development of integration solutions into the strategic focus area XMLi and the research and development for modernising Enterprise Transaction Systems, into the focus area ETS Modernisation. Each research and development unit will be managed by a chief technology officer. In the course of the restructuring, Dr Peter Mossack, Chief Technology Officer of Software AG since 2003, will depart the company.
Streibich will focus the new structure on the requirement of our core markets and of the customers. The diversification of research and development will ensure that the units will respond to the different characteristics of the target markets addressing modernisation of Enterprise Transaction Systems (product lines Adabas and Natural) and development of integration solutions (product lines EntireX and Tamino XML Server).
The new structure allows the XMLi unit the required flexibility to react in real-time to the continuous and rapid changing economical and technical requirements of the future market of integration solutions. As a result, the company can quickly evolve to become an early and leading provider of integration solutions. In addition, the new structure will allow Software AG to effectively cooperate and partner in our target markets.
The new structuring of research and development follows the establishment of product management and marketing into the strategic areas, ETS Modernisation and XMLi, in addition to the restructuring of the worldwide research and development centres and units. The chief technology officers of the strategic areas will be members of the extended board and will report to Streibich.
In the course of the restructuring, Mossack will depart the board and the company. Mossack joined Software AG in 1982, where he was a member of the development team until 1990. He then ran his own software company until 1997, when he rejoined Software AG in April of that year as Vice-President of Research and Development. On 28 February 2003, he was appointed a member of the executive board, responsible for research and development. He pushed the development of Tamino XML Server, the further development of 64-bit Adabas, Natural Single Point of Development in addition to the development of EntireX and therefore the foundation of XML-based integration solutions.
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Software AG provides a real-time single view of strategic business information by integrating applications and systems, in addition to modernising mainframe and open system IT environments. Its offerings are based on the product families Adabas, Natural, EntireX and Tamino.
Over 2 500 employees in 59 countries support the mission-critical systems of 3 000 customers around the world. The company maintains four regional 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 000330002 / SOW). In 2003 Software AG posted 422 million euros in total revenue. The Internet address is www.softwareag.com.
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