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Events after the balance sheet date
Further expenditures related to restructuring measures
in the amount of €7,506 thousand should be
expected for fiscal 2005; these were provided for in
the balance sheet as of December 31, 2004.
Software AG has acquired the Israeli company
Sabratec Ltd. in full based on an agreement dated
February 3, 2005. The purchase price of €5,376
thousand is to be paid in February of 2005.
In January 2005, a settlement agreement was concluded
with a U.S. software company with respect
to litigation. This settlement will be effected by
a payment in the first quarter of 2005, already provided
for in the 2004 financial statements.
Fujitsu Limited and Software AG signed an agreement
on February 28, 2005, to jointly develop,
market and sell a Service Oriented Architecture
offering.
Fujitsu and Software AG plan to exploit their complementary
technology platforms and global R&D
know-how to offer a technical process with integrated
meta-data storage. This will allow users
to curtail development time, improve productivity
and provide the flexibility necessary to respond
to changing business challenges. As part of this
partnership, Fujitsu and Software AG intend to
launch a joint product range on the market in the
summer of 2005. Software AG already sells Interstage
Business Process Manager, Fujitsu’s business
process management solution.
Declaration on the German Corporate
Governance Code
The Company published its declaration of conformity
with the German Corporate Governance Code
on January 28, 2005, in accordance with section
161 of the German Stock Corporation Act.
Time of release of this publication
Software AG’s Executive Board approved the
consolidated financial statements on
February 28, 2005.
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