Software AG

German software giant Software AG specializes in enterprise-level tools for managing and integrating business processes and analyzing large amounts of data. The corporation was founded in Darmstadt, Germany, but now has locations all around the globe. The firm, which has been around since 1969, has more than 10,000 enterprise clients in more than 70 countries. The business ranks as Europe's No. 7 software vendor and as Germany's No. 2. Software AG (ticker symbol: "SOW") is a component of the Frankfurt Stock Exchange's TecDAX technology index.

Six young employees at the AIV (Institut für Angewandte Informationsverarbeitung) consulting business started the company in 1969. Peter Schnell, a mathematician and one of the company's founders, served as the board's chairman for many years. ADABAS was first released in 1971 as a transactional database management system with great performance. Natural, an English-like 4GL application development language created mostly by Peter Pagé, was released in 1979.

North American offices were established in 1971, Japanese ones in 1974, British ones in 1977, French ones in 1983, Spanish ones in 1984, Swiss ones in Austria and Belgium, and Saudi Arabian ones in 1985. In 1987, Software AG already had over 50 international locations and 12 European affiliates. Tamino Information Server and Tamino XML Server were released not long after Software AG was publicly traded on the Frankfurt Stock Exchange in 1999.

Founded: 1969
Headquarters: Darmstadt, Germany
Website: https://www.softwareag.com/