Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. Software AG
  6. News
  7. Summary
    SOW   DE000A2GS401


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Software AG : named a Leader in new Industrial IoT market report

09/20/2021 | 09:07am EDT

Software AG (Frankfurt MDAX: SOW) has been named a leader in The Forrester Wave: Industrial Internet-Of-Things Software Platforms, Q3 2021.

Noting that Cumulocity IoT supports customers with a range of connectivity options, the report also states that 'Software AG also supports an extensive array of industrial IoT protocols relative to other firms we evaluated, complemented by a fully functional Cumulocity IoT edge solution supporting thick and thin environments.'

This Forrester Wave states that in this evaluation it has 'increased our focus on the foundational capabilities of the platforms rather than decreasing it'. Software AG believe this reflects the importance of building on a stable base for any transformation projects. Forrester noted that foundational capabilities fall into three categories: supporting edge-to-cloud deployment, supporting connectivity and device management at scale and nurturing partnerships.

Software AG scored top marks possible in the Device Provisioning, Device Management, Monitoring & Alerting and Developer Enablement criteria. All crucial factors in both supporting customers and empowering them to build their own solutions.

This evaluation comes at a significant time for asset intensive industries, which are undergoing rapid digital transformation. In response to supply chain disruption and fluctuating customer demand, manufacturers have been forced to modernise in the last 18 months. In order to do so effectively they need to build their digital capabilities on a strong infrastructure.

Bernd Gross, Software AG CTO, commented: 'Manufacturers need a foundational platform, but they also need the freedom and flexibility to build on top of it with applications that enhance their day-to-day operations. Technology needs to get into the hands of the people on the shop floor if they are to make a meaningful impact on the effectiveness and output of their organizations. We help our customers to do this through our Cumulocity IoT and TrendMiner platforms.'

The Forrester report can be viewed here.

About Software AG

Software AG is the software pioneer of a truly connected world. Since 1969, it has helped 10,000+ organizations use software to connect people, departments, systems and devices. Software AG empowers truly connected enterprises using integration & APIs, IoT & analytics and business & IT transformation. Software AG's products establish a fluid flow of data that allows everything and everyone to work together. The company has more than 4,700 employees across more than 70 countries and annual revenue of over EUR800m, with the aim of exceeding EUR1bn by 2023.

For more information, visit www.softwareag.com. And follow on LinkedIn and Twitter.

(C) 2021 Electronic News Publishing, source ENP Newswire

All news about SOFTWARE AG
10/22SOFTWARE AG : UBS keeps its Buy rating
10/22SOFTWARE AG : Named a Leader in 2021 Magic Quadrant for Industrial IoT Platforms
10/21SOFTWARE : Named a Leader in 2021 Magic QuadrantTM for Industrial IoT Platforms
10/21SOFTWARE AG : Receives a Sell rating from DZ Bank
10/21SOFTWARE AG : JP Morgan reiterates its Neutral rating
10/21SOFTWARE AG : Baader Bank maintains a Buy rating
10/21SOFTWARE : delivers consecutive quarters of Group and Digital Business revenue growth
10/20SOFTWARE AG : Barclays remains a Sell rating
10/20SOFTWARE AG : Goldman Sachs reiterates its Buy rating
10/19SOFTWARE AG : Receives a Buy rating from UBS
More news
Analyst Recommendations on SOFTWARE AG
More recommendations
Sales 2021 832 M 968 M 968 M
Net income 2021 85,3 M 99,2 M 99,2 M
Net cash 2021 264 M 307 M 307 M
P/E ratio 2021 32,8x
Yield 2021 1,80%
Capitalization 2 765 M 3 217 M 3 216 M
EV / Sales 2021 3,01x
EV / Sales 2022 2,71x
Nbr of Employees 4 749
Free-Float 68,9%
Duration : Period :
Software AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SOFTWARE AG
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 14
Last Close Price 37,38 €
Average target price 42,97 €
Spread / Average Target 15,0%
EPS Revisions
Managers and Directors
Sanjay Brahmawar CEO & Chairman-Management Board
Matthias Heiden Chief Financial Officer
Karl-Heinz Streibich Chairman-Supervisory Board
Bernd Groß Chief Technology Officer
Markus Ziener Independent Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
SOFTWARE AG12.12%3 217
SAP SE13.11%166 406
SERVICENOW, INC.24.75%136 049
DOCUSIGN, INC.23.59%54 044