German Software AG has €1bn to spend on acquisitions — report

Cloud Computing

Germany-based Software AG (ETR:SOW) can “theoretically” afford an acquisition of as much as EUR1bn (USD1.3bn), German daily Die Welt said Sunday, citing chief financial officer Arnd Zinnhardt.

The business software developer is currently interested in firms involved in cloud computing or big data analysis, according to Zinnhardt.

So far, Software AG’s biggest acquisition is the EUR487m takeover in 2009 of German sector firm IDS Scheer, which develops, markets and supports Business Process Management (BPM) software.

At present Software AG is the fourth largest enterprise software provider in Europe, according to its website, with 2011 revenues of about EUR1.1bn.

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