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 recognised 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 US, 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 modernisation 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 modernising 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.
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