Software AG
Software AG: Software AG Acquires SPL Software of Israel
Software AG / Acquisition/Acquisition Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Darmstadt – 21.3.2007 – As per April 1st, 2007 Software AG (Reuters: SOWGn.F, WKN: 330400) will acquire an 80.08% share in its Israeli distributor SPL Software Ltd., based in Tel Aviv. Software AG’s supervisory board agreed today to the transaction; the purchase price of US$ 61.6 million (€ 46.3 million) will be paid fully in cash. SPL Software currently is wholly owned by Silverboim Holdings Ltd., Tel Aviv, which will continue to hold the remaining shares in SPL Software. SPL Software generates 93% of its revenue with Software AG products in the banking and insurance industries and the public sector. SPL Software currently has 296 employees (full time equivalents) of which 257 are IT consultants developing industry specific solutions based on Software AG’s product portfolio. The company is one of the market leaders in its sector in Israel. Due to the acquisition, Software AG expects incremental revenue of approximately € 20 million for fiscal 2007. Therefore, the forecasted growth in revenue for 2007 is raised from 10% to 14% (net of currency effects). The expected increase in EPS is estimated to be € 0.10. Based on this increase, the EPS of Software AG for fiscal 2007 is now expected to be in the range of € 3.00 to € 3.20. DGAP 21.03.2007 ---------------------------------------------------------------------- Language: English Issuer: Software AG Uhlandstraße 12 64297 Darmstadt Deutschland Phone: +49 (0)6151 92-1938 Fax: +49 (0)6151 92-1933 E-mail: Investor.Relations@softwareag.com www: www.softwareag.com ISIN: DE0003304002 WKN: 330400 Indices: TecDAX Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
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