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MarketScreener Homepage  >  Equities  >  Xetra  >  Software    SOW   DE000A2GS401

SOFTWARE

(SOW)
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Software : launches Alfabet FastLane for quick and easy IT portfolio management in the cloud

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04/23/2019 | 03:59am EDT

Darmstadt, Germany, Tuesday, April 23, 2019

Today Software AG (Frankfurt MDAX: SOW), the market-leading software provider for business transformation, announced the release of Alfabet FastLane, a new Software as a Service (SaaS) solution that offers organizations the means to quickly and easily set up an IT portfolio management (ITPM) practice for governance and optimization of their IT landscape. Alfabet FastLane comes with pre-configured portfolio analyses, pre-built reports and dashboard views that provide commonly needed answers on portfolio issues, step-by-step guidance for data entry and user assistance to aid in task completion. Built on best practices gleaned from years of experience as the market leader in ITPM, Alfabet FastLane provides CIOs, IT directors and other senior IT staff a pragmatic, proven tool that can be used to improve business and IT agility, create operational efficiencies, and manage IT costs.

Delivering value within days - not months

A challenge often encountered by organizations when implementing a portfolio management tool is the time and effort needed to get the product up and running at a level sufficient to allow staff to take effective, no-risk decisions on business and IT change. The ability of the IT to reliably support business initiatives is questioned and organizational effectiveness hampered. Alfabet FastLane requires no set up, configuration or training. Product navigation is intuitive, loading portfolio data is straight-forward and the analyses needed to direct decisions are delivered out-of-the box. Eighteen ready-to-go reports - 'Business Questions' in Alfabet FastLane - answer questions around governance, transparency, rationalization, road-mapping and risk. These reports show portfolio aspects such as application numbers, portfolio redundancies, architectural dependencies, cost drivers, use of sensitive data and technical debt. Alfabet FastLane lets organizations focus on essential data and not ITPM tools and processes for faster time-to-value.

'The pace of our customers' business environments has increased tremendously with digitalization and global competition. Agility is key and growing businesses have neither the time nor capacity to build their own portfolio management practice to manage IT landscapes that are increasing in size and complexity. Software AG's many years of partnering with strategic planning and portfolio management industry leaders has given us an understanding of what is truly essential in IT to drive business innovation,' said Dr. Stefan Sigg, Chief Product Officer of Software AG. 'Alfabet FastLane's out-of-the-box approach absolutely addresses the needs of smaller IT teams and companies preferring a self-service software tool that will get them up to speed quickly.'

Alfabet FastLane key features

  • Quick set-up, instant ITPM to deliver value fast: Pure SaaS offering; zero configuration and implementation needed. Delivers value quickly and easily with pre-defined business questions, reports, roles and simple, guided data upload. Enables focus on building the enterprise repository instead of tool configuration. Provides instantly meaningful, actionable IT insights for improved business support.
  • Complex IT portfolio management made easy: Manages business, application, information and technology portfolios in one easy-to-use interface, offering immediate insight into the level of data governance and completeness across portfolios to highlight potential action areas and gaps in architecture understanding.
  • Business questions answered: Relates IT portfolio management to business outcomes for a successful ITPM practice that delivers real value. Alfabet FastLane provides answers to business-relevant questions to help analyze portfolios and gain instant insights - using pre-configured reports and executive-ready graphical dashboards.
  • Frequent innovation cycles: Bi-weekly product updates delivering new features developed in collaboration with Alfabet FastLane customers.

Alfabet: Market-leading product portfolio

The Alfabet product portfolio has consistently been ranked as a leader by analysts for its enterprise architecture and portfolio management solutions, shaping the market and leading in innovation for over a decade. Alfabet FastLane is built on best practices and a proven methodology based on years of experiences. Alfabet FastLane is fully extensible into Alfabet's enterprise-grade solution.

Find out more on: http://alfabetfastlane.com

Disclaimer

Software AG published this content on 23 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 23 April 2019 07:58:11 UTC

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Financials (€)
Sales 2019 904 M
EBIT 2019 246 M
Net income 2019 156 M
Finance 2019 255 M
Yield 2019 2,34%
P/E ratio 2019 14,73
P/E ratio 2020 14,60
EV / Sales 2019 2,26x
EV / Sales 2020 2,09x
Capitalization 2 295 M
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 20
Average target price 37,2 €
Spread / Average Target 20%
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NameTitle
Sanjay Brahmawar Chief Executive Officer
Andreas Bereczky Chairman-Supervisory Board
Arnd Zinnhardt Chief Financial Officer
Bernd Groß Chief Technology Officer
Alf Henryk Wulf Independent Member-Supervisory Board
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