Software AG eyes sale of further platforms

Software AG has invited competitors and investors to submit bids for two software platforms and is looking at options for a third one, the Handelsblatt daily reported, citing sources familiar with the talks.

Software AG, which is majority-owned by private equity firm Silver Lake, is looking for interested parties for its Trend Miner and Cumulocity platforms, according to Handelsblatt.

In addition, options are being examined for its Alfabet software, the report said.

Trend Miner is used for data analysis for industry, Cumulocity is a software used for the ‘Internet of Things’ and Alfabet helps with the visualisation of company architecture.

Software AG was not immediately available for comment.

The German software firm earlier this month said that it had agreed to sell its StreamSets and webMethods platforms to IBM.

Silver Lake had simultaneously announced its delisting offer for Software AG at 32 euros ($51.92) per share, the expected next step following its takeover this year.

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AndyC

Andy Curtis is an award-winning security consultant, researcher and public speaker. He has been working in the computer security industry since the early 1990s, having been employed by state and federal government, leading healthcare and banking providers across three continents. He has given talks about computer security for some of the world’s largest companies, worked with law enforcement agencies on investigations into hacking groups, and is a regular voice on TV and radio explaining IT security threats.

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