Tech companies find it difficult to crack deals in US, Europe Nov 20, 2009
Over the past two years, tech firms including Wipro, Infosys, Patni and several others have had discussions with potential targets such as Globant of Argentina, Ciber in the US and IDS Scheer of Germany. While IDS Scheer was acquired by Software AG earlier this year, both Globant and Ciber decided to discontinue their dialogues with potential acquirers. (India Times)
Software AG Chief Rules Out Acquisitions for Next Year, Aims to Repay Debt Nov 5, 2009
Nov. 5 (Bloomberg) -- Chief Executive Officer ruled out acquisitions for next year as Germanys second-largest software maker first wants to pay back the debt it took on for the purchase of IDS Scheer AG.. We just bought IDS Scheer for 480 million euros, so we dont plan any acquisitions for 2010, Streibich said in an interview in Weybridge, U.K. We have some debt now due to the acquisition and we have a clear plan about how to pay it back ... Streibich has made at least nine since... (Bloomberg -- Germany)
Semantics-based Software Boosts Company Performance Aug 19, 2009
SAP, IBM and IDS Scheer are incorporating SUPER findings into their software offering. And SUPER s open source downloadable tools are attracting a lot of traffic. (Science Daily)
Software AG 2Q net profit up 7 percent Jul 22, 2009
Chief financial officer Arnd Zinnhardt said the company's next big step is integrating Saarbruecken-based IDS Scheer AG, whose acquisition in a euro477 million deal Software AG announced earlier this month ... After the IDS Scheer integration is complete, Software AG will probably be able to increase its revenue guidance, he said ... 47, as were IDS Scheer shares, which stood at euro14. (Atlanta Journal-Constitution -- Business)
Software AG makes $680M play for IDS Scheer Jul 15, 2009
IDS Scheer develops business process management software and provides related consulting ... IDS Scheer is based in Saarbruecken, Germany ... IDS Scheer s co-founders, August-Wilhelm Scheer and Alexander Pocsay, who are also co-chairmen of the company s supervisory board, have agreed to tender their stock and, along with IDS Scheer s management, support the offer. (Philadelphia Business Journal, PA)
Software AG slides despite takeover bid Jul 15, 2009
36 while IDS Scheer jumped 38. 4 per cent to 14. (FT.com -- Markets)
IDS Scheer Backs Software AG Offer, Sees `Promising Strategic Partnership' Jul 14, 2009
IDS Scheer Backs Software AG Offer, Sees Promising Partnership - Bloomberg ... IDS Scheer Backs Software AG Offer, Sees Promising Partnership ... July 14 (Bloomberg) -- IDS Scheer AG said its management plans to back the takeover offer by Software AG pending a review of the offer documents and said the combination would create a strategically promising partnership. (Bloomberg -- Germany)
New regional head at IDS Scheer Mar 11, 2009
IDS Scheer AG said Tuesday its executive board has named Joerg Heistermann CEO of the Americas Region ... IDS Scheer develops business process management software. (Philadelphia Business Journal, PA)
