| Company Summary
===============
COMPANY NAME: Software AG
PRODUCT LIST: ADABAS (R)
ADABAS-C
ENTIRE (R)
ENTIRE (R) Middleware
ENTIRE (R) Net-work
iXpress (TM)
NATURAL (R)
NATURAL Connection (R)
NATURAL Construct (R)
PREDICT
Sourcepoint (TM)
Product Contacts Summary
========================
US Software AG Americas
11190 Sunrise Valley Drive
Reston, VA 22091
United States of America
Sales: Mr. Michael Runci
Voice: (703) 391-8278
FAX: (703) 391-8360
URL: http://www.sagus.com
Product Summary
===============
PRODUCT NAME: Sourcepoint (TM)
COMPANY NAME: Software AG
ABSTRACT:
A data warehouse management system that significantly reduces the effect of
defining, coordinating, and scheduling the processes of extraction,
transformation, transportation, and population of data into a data warehouse.
DIGITAL PLATFORMS (ARCHITECTURE, OPERATING SYSTEM, AVAILABILITY):
ALPHA D_UNIX Available now
MARKET FOCUS: Data Management
|
| [First! for the Web]
SOFTWARE AG Americas Established as Independent Software Company Thayer
Capital, in Partnership with Management, Purchases Majority Interest in
SOFTWARE AG Americas; SOFTWARE AG, Germany to Hold Minority Ownership <>
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Date: Thursday, April 3, 1997
Source: PR Newswire
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RESTON, Va., April 2 /PRNewswire/ via Individual Inc. -- SOFTWARE AG
Americas today announced that Thayer Capital Partners has purchased a
majority ownership position in the company to create a new independent
software and services company. The new company is the result of a unique
international partnership between Thayer Capital, SOFTWARE AG Americas'
senior management and SOFTWARE AG, Germany. This partnership will provide
the capital to propel SOFTWARE AG Americas' growth through the expansion of
its product and service offerings.
SOFTWARE AG Americas, founded in 1972, will continue to sell and support
existing products, as well as future products developed in Germany under a
wide-ranging agreement with SOFTWARE AG, Germany. The company will also
expand its product offerings through internal development, partnering, or
acquisitions. The company's products and services, targeted at major
corporations, government agencies and educational institutions, have
attracted customers such as Sprint, Morgan Stanley, Delta Air Lines, the
Federal Aviation Administration and Georgetown University.
The company has a long-standing reputation for developing systems that are
critical to its customers' business success. This new partnership will
enable SOFTWARE AG Americas to integrate these existing systems and
applications into the current wave of strategic technologies, such as
Internet/intranets and data warehousing.
"This unique partnership with Thayer Capital and SOFTWARE AG, Germany will
allow us to expand our role as one of the world's leading software
companies," said Daniel F. Gillis, SOFTWARE AG Americas president and chief
executive officer. "The main objective of SOFTWARE AG Americas is growth
through an expanded product strategy and the partnership with Thayer
Capital is the best catalyst for that to happen."
Commenting on the purchase, Rick Rickertsen, Thayer Capital partner, said,
"SOFTWARE AG Americas represents a major opportunity in the information
technology arena. The company's strong brand name, excellent product
technology, significant customer base, strong management team and worldwide
distribution capability give it a competitive advantage. Our record of
success as managers and investors, combined with SOFTWARE AG Americas'
strengths and the continued partnership with SOFTWARE AG, Germany, make
this a formidable new venture."
The board of directors of the new SOFTWARE AG Americas will comprise Philip
Dauber (former president of Memorex); Daniel Gillis; Dr. Erwin Koenigs
(Chairman of SOFTWARE AG, Germany); Rick Rickertsen; and Dr. Paul G. Stern
(Thayer founder and partner).
"This is an extremely exciting partnership for SOFTWARE AG," said Dr. Erwin
Koenigs, chairman of SOFTWARE AG. "We will continue our long-standing
relationship with SOFTWARE AG Americas and are excited about the benefits
we will derive from the new dynamics in terms of product development and
sales strategies. This partnership is a major win for all parties."
Thayer Capital Partners is a private equity investment firm based in
Washington, D.C. Thayer manages Thayer Equity Investors III, a private fund
raised by Thayer partners Frederic V. Malek, Rick Rickertsen, and Paul G.
Stern. The fund's goal is to generate superior equity returns through
acquisitions of companies in industries where Mr. Malek and Dr. Stern have
significant operating experience.
SOFTWARE AG Americas is known for its sophisticated database management
systems and development tools used to develop and run enterprise-wide,
mission-critical applications for major corporations around the world. More
recently, the company has been at the forefront of strategic new
technologies that enable enterprise applications on the World Wide Web.
With 1996 revenues of over $162 million, SOFTWARE AG Americas has more than
700 employees, including 300 at its headquarters in Reston, Virginia. The
company serves the financial, insurance, transportation, state and local
government, and higher education market segments and has exclusive rights
to distribute and service SOFTWARE AG products in North and South America,
Japan, and Israel.
For more information on SOFTWARE AG Americas, contact http://www.sagus.com
or call 800-843-9534, ext. 150.
SOURCE Software AG Americas
/CONTACT: Kathy Shuman of SOFTWARE AG Americas, 703-391-6946; or Mel
Webster or Pat Arcand of Copithorme & Bellows, 617-450-4300/
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