cumulocity-iot News & Events
Software AG Capital Markets Day Transformation on track to deliver 2023 ambitions
Software AG a faster, fitter, more reliable business as it enters third year of Helix transformation program Momentum achieved in 2020 places Software AG in a strong position to accelerate towards a sustainable, profitable growth future Darmstadt, Germany– Software AG (Frankfurt MDAX®: SOW) hosted a Capital Markets Day event on February 23rd for financial analysts and investors.
Read moreProfessor Dr. Albrecht Schmidt is joining Software AG’s Scientific Advisory Board
Darmstadt, Germany - Today Software AG introduces the newest member of its Scientific Advisory board. Dr. Albrecht Schmidt is a distinguished professor of computer science at Ludwig Maximilian University in Munich and has held the chair for Human-Centered Ubiquitous Media since 2017.
Read moreDigital transformation investment will continue in 2021, new Software AG report shows
Transformation and investment remain common goals, but the best way to achieve them highlights diversity of thinking in tech strategies Darmstadt, Germany – Software AG (Frankfurt MDAX: SOW) today announced the results from its ‘Situation Report’ global survey of IT Leaders and their digital transformation investment strategies.
Read moreSoftware AG bookings growth beats guidance; driven by accelerating subscription shift
- Bookings growth of 31 percent fourth quarter and 24 percent full year 2020 driven by transformation success -
- Group maintains commitment to stated mid-term 2023 ambitions - Software AG (Frankfurt MDAX®: SOW) today announces financial results for the fourth quarter and full year 2020 and issues guidance for the 2021 financial year.
Ad hoc Disclosure (Inside Information according to article 17 MAR) - Software AG issues its guidance for fiscal 2021
With double-digit bookings growth and progress in the Group’s subscription shift ahead of expectations, 2020 investments were driving strong business momentum and sustained growth. Therefore Software AG will pull-forward planned investment into 2021 to underpin the accelerated transformation.
Read moreSoftware AG announces change in the Executive Board
Software AG today announced that John Schweitzer, Chief Revenue Officer and member of the Executive Board, will leave the company to pursue new challenges. John Schweitzer was appointed to Software AG's Executive Board in November 2018 and later assumed the role of Chief Revenue Officer (CRO).
Read moreSoftware AG Secures Syndicated Credit Facility for €300 Million
Darmstadt, Germany - Software AG (Frankfurt MDAX®: SOW) increases its financial flexibility through a syndicated credit line totaling €300 million. The additional back-up line provides the company with a solid source of cash reserves for its transformation process and planned growth in the years to come.
Read moreSoftware AG and RE’FLEKT announce strategic partnership
Software AG (Frankfurt, MDAX®: SOW) and Re’flekt, a provider of augmented reality solutions (AR), have agreed to a strategic partnership. The goal is to combine the interactive AR visualizations from RE’FLEKT with real-time machine data from the Cumulocity IoT platform.
Read moreSoftware AG increases 2020 bookings guidance following a strong third consecutive quarter of transformation success
Third quarter financial reporting confirms or exceeds preliminary results published October 21 Digital Business growth sustained: Overall digital business bookings plus 17 percent year-on-year; Cloud & IoT bookings growth accelerates to 73 percent year-on-year.
Read moreSoftware AG provides third quarter update demonstrating strong bookings growth and continued transformation progress
Digital Business growth sustained: business line bookings growth anticipated in range of 14 to 17 percent Cloud and IoT accelerates: Third quarter bookings growth anticipated in range of approx. 60 percent Subscription shift progressing further: between 75 to 80 percent of third quarter Digital Business bookings were from subscription & Software as a Service (Q3 2019: 58 percent) Annual Recurring Revenue growth for total product business approx.
Read moreSoftware AG and du partner to accelerate IoT implementations in UAE
In line with UAEs vision to fast track digital transformation, Software AG (Frankfurt MDAX: SOW) and du, from Emirates Integrated Telecommunications Company (EITC), signed a partnership to provide a subscription-based licensing model for IoT services to its business customers.
Read moreSoftware AG and Cotham Technologies partner to boost mobile app development for IoT
Software AG (Frankfurt, MDAX: SOW) and Cotham Technologies have partnered to make native mobile app development for the Internet of Things (IoT) quicker and more cost-effective for any business. Customers of this partnership will cut mobile app development time by up to 90% and costs by up to 70%, thanks to a unique no-code platform approach.
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