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Artificial Intelligence: Article

Software AG To Buy IDS Scheer

It is offering roughly $21 (€15) in cash a share

With 47.68% of the company already pledged to it by its two founders, Software AG says it intends to tender for the rest of German-based IDS Scheer AG and create a global vendor of infrastructure software and Business Process Management (BPM) that has more than 6,000 employees and upwards of $1.4 billion in sales.

It is offering roughly $21 (€15) in cash a share or close to $675 million, a 39% premium that seems to be regarded as a depressed price. Apparently the 25-year-old IDS has been at a loss to boost profitability.

Software AG says it’s already signed a deal with IDS co-founders August-Wilhelm Scheer and Alexander Pocsay for their 15.3 million shares.

IDS has skills in analyzing and mapping business processes, a strong partner network, a large service presence and approximately 7,500 customers. It offers expertise in vertical industries, direct access to vertical markets and a strong position in the SAP consulting business.

Software AG, Germany’s second-largest software maker, claims their combined product portfolios will be “unique” and give it a stronger, sustainable competitive position in a consolidating software market.

It describes the strategy as “clearly growth-oriented,” meant to increase sales of both product lines and exploit the specialist expertise of IDS’ consultancy business. It says, “This consulting expertise is of use for the customer-specific implementation of Service-Oriented Architectures (SOA) and BPM/BPA solutions, particularly in SAP environments.”

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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