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Software AG announces expansion at its Leipzig based itCampus research facility
The company plans a 25% increase in the Leipzig workforce in 2010 - Software AG has also acquired the remaining 49% of itCampus shares
Darmstadt/Leipzig, Germany, 5/28/2010: Software AG today announced that it is planning an expansion of its itCampus subsidiary research and development facility in Leipzig. The company will hire an additional fifteen research engineers in 2010. Software AG has now acquired 100% of itCampus after initially buying a 51% stake in April 2009.
"We see itCampus as a hotbed of innovation and extensively use the technology developed there in our product portfolio", said Peter Kürpick, Chief Product Officer and member of the Executive Board at Software AG. “We want to further expand our operations there and utilize the excellent innovative skills of graduates from both the Universities of Leipzig and Halle."
itCampus was founded by Prof. Wolfgang Lassmann in 1999 after he identified the need to develop and keep leading high-tech talent in Germany. “It is with some pride that I can reflect on our successful efforts in developing leading edge software skills and leading edge technology in Leipzig-Halle”, he said. “Now being a full member of the Software AG Group ensures that itCampus can finance expansion and ensure that software developed here has access to markets around the globe”.
"Our investment in itCampus is an investment in skills and knowledge and a sign of the strength of Saxony as a location for software development. ItCampus has close links with leading universities and research institutions and will increase our research and development capacity", stated Karl-Heinz Streibich, CEO of Software AG.
itCampus, although a full member of the Software AG Group, will continue to operate independently. Operations will be led by Dr. Andreas Lassmann and Tobias Schmidt.
About Software AG
Software AG is the global leader in Business Process Excellence. Our 40 years of innovation include the invention of the first high-performance transactional database, Adabas; the first business process analysis platform, ARIS; and the first B2B server and SOA-based integration platform, webMethods.
We are unique in offering the world’s only end-to-end – and easiest to use – business process management (BPM) solutions, with the lowest Total-Cost-of-Ownership. Our industry-leading brands, ARIS, webMethods, Adabas, Natural and IDS Scheer Consulting, represent a unique portfolio for: process strategy, design, integration and control; SOA-based integration and data management; process-driven SAP implementation; and strategic process consulting and services.
Software AG had revenues of 847 million euro (IFRS, unaudited) in 2009 and has more than 6,000 employees serving 10,000 enterprise and public institution customers across 70 countries. Our comprehensive software and services solutions allow companies to continuously achieve their business results faster. The company is headquartered in Germany and listed on the Frankfurt Stock Exchange (TecDAX, ISIN DE 0003304002 / SOW).
About itCampus
itCampus is an innovative software development company closely cooperating with international scientists and researchers. Founded in 1999 in the cities of Halle and Leipzig in Germany, the company today has offices in Germany, the UK, Switzerland and Italy. itCampus provides communication solutions, IT consultancy services and custom solutions in the fields of software development and human-computer interaction. The intelligent IT and telecommunication solutions of the ELSBETH brand has boosted the company’s reputation. They are used in contact centers and companies that demand high standards of communication with their customers. Since 1 April 2009 Software AG is itCampus’ majority shareholder. Software AG is the world’s largest independent provider of Business Infrastructure Software.
Press Photo:
German Chancellor Dr. Angela Merkel sees a demonstration of software developed in Leipzig at CeBIT in March of this year.
