To support the continuing alignment of Software AG to the new strategy, Chief Executive Officer Karl-Heinz Streibich has restructured Research and Development. He has integrated the research and development of integration solutions into the strategic focus area XMLi and the research and development for modernizing Enterprise Transaction Systems, into the focus area ETS Modernization. Each Research and Development unit will be managed by a Chief Technology Officer. In the course of the restructuring, Dr. Peter Mossack, Chief Technology Officer of Software AG since 2003, will depart the company.
Karl-Heinz Streibich will focus the new structure on the requirement of our core markets and of the customers. The diversification of Research and Development will ensure that the units will respond to the different characteristics of the target markets addressing modernization of Enterprise Transaction Systems (product lines Adabas and Natural) and development of integration solutions (product lines EntireX and Tamino XML Server). The new structure allows the XMLi unit the required flexibility to react in real time to the continuous and rapid changing economical and technical requirements of the future market of integration solutions. As a result, the company can quickly evolve to become an early and leading provider of integration solutions. In addition, the new structure will allow Software AG to effectively cooperate and partner in our target markets.
The new structuring of research and development follows the establishment of product management and marketing into the strategic areas, ETS Modernization and XMLi, in addition to the restructuring of the worldwide research and development centres and units. The Chief Technology Officers of the strategic areas will be members of the extended Board and will report to Karl-Heinz Streibich.
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