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4-Traders Homepage  >  Equities  >  Xetra  >  Software AG    SOW   DE0003304002

Real-time Quote. Real-time Tradegate - 03/30 08:36:22 am
36.557 EUR   +0.05%
03/28 SOFTWARE : & RIT University Dubai enter into a partnership
03/27 SOFTWARE AG : Acquires Cumulocity and Extends its Internet of Things..
03/27 SOFTWARE AG ACQ : 3/27/2017
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Software : & RIT University Dubai enter into a partnership

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03/28/2017 | 12:42pm CEST

Software AG, a global leader in enterprise architecture, IT planning, business process management, integration and big data, recently joined forces with Rochester Institute of Technology, Dubai (RIT Dubai) to help shape the country`s future business leaders and innovators by leveraging advanced digital tools and solutions. The agreement will see the two industry leaders collaborating closely under Software AG`s University Relations Program to help turn creative and innovative ideas into reality.

Under the Memorandum of Understanding (MoU) signed by Rami Kichli, Vice President, Software AG - Gulf & Levant region, and University President Dr. Yousef Al Assaf, a range of skills development opportunities will be available for RIT Dubai students and faculty. RIT Dubai is one of the region`s leading technological universities offering highly regarded and accredited U.S Bachelor`s and Master`s degrees in business and leadership, engineering, and computing directly from its New York campus.

One opportunity is student access to knowledge sharing and cooperative education with Software AG, under RIT Dubai`s unique cooperative internship education program. This is a key cornerstone of education at RIT Dubai, which is particularly beneficial for graduates. This access and experience gives them a head start against their contemporaries as they join the highly competitive labor market.

The MoU will also pave the way for further interactions between RIT Dubai and Software AG`s experts during major events such as CeBIT, Innovation Days, and User Groups. Besides gaining a glimpse of game-changing market trends and developments, the exchange will offer an ideal foundation for the students` future academic research projects and give Software AG access to high quality student and faculty research.

Kichli said, `Education is the foundation of business innovation. We have designed our University Relations Program around this belief, while highlighting the importance of cooperation among the private sector, academia, and the entire education industry to help build the country`s business leaders and innovators of tomorrow. We are privileged to be partnering with RIT Dubai in our bid to equip students with in-demand skills and expose them to the real world before they even leave the university to help them succeed in this age of digital evolution.

In-depth training programs, free student certifications, alongside strategic partnerships promoting innovative ideas, reearch, seeding, and startups, among others, are important aspects of the collaboration. Guest speakers from Software AG and RIT Dubai discussing hot business topics such as big data, streaming analytics, Internet of Things, business process transformation, and integration, will provide further added-value learning to students and the wider community.

Aside from diverse events, RIT Dubai students and faculty will also get a chance to have an access to free software in an effort to build an academic user group. Software AG`s free software contains e-learning, video tutorials and other training materials to create self-explanatory and easy-to-use packages. Education packages are designed to be used either by individuals, or they can be done in teams with or without faculty assistance.

`Through Software AG`s University Program, the company is able to demonstrate its unwavering support for innovative ideas. Students can share innovative ideas and Software AG is always eager to support and fund projects that generate win-win situations. With our new newest cooperation with RIT Dubai, we look forward to hearing creative and unique thoughts that will help propel local society and the entire country forward, added Kichli.

University President Dr. Yousef Al Assaf said: `At RIT Dubai we strive to lead higher education in the region through preparing students for successful careers in a global society. Ensuring opportunities with organizations such as Software AG, helps engage and further motivate our students through stimulating and collaborative experiences. Software AG will help us provide technology-based educational programs designed to develop student`s personal and professional development.

Building on over 45 years of customer-centric innovation, Software AG, a leader in many innovative IT categories, empowers customers to innovate, differentiate, and win in the digital world. Software AG`s products helps companies combine existing systems on-premise and in the cloud into a single platform to optimize and digitize their businesses. Software AG provides market-leading software for business processes, integration, intelligent business operations and transactions.

The combination of process management, data integration and real-time analytics in One Digital Business Platform enables customers to drive operational efficiency, modernize their systems and optimize processes for smarter-decision making.

(c) All Rights Reserved - Mubasher Info 2005 - 2017 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (€)
Sales 2017 895 M
EBIT 2017 259 M
Net income 2017 158 M
Finance 2017 205 M
Yield 2017 1,73%
P/E ratio 2017 17,66
P/E ratio 2018 16,32
EV / Sales 2017 2,89x
EV / Sales 2018 2,67x
Capitalization 2 792 M
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Mean consensus HOLD
Number of Analysts 22
Average target price 34,4 €
Spread / Average Target -5,7%
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Managers
NameTitle
Karl-Heinz Streibich Chief Executive Officer
Andreas Bereczky Chairman-Supervisory Board
Arnd Zinnhardt Chief Financial Officer
Wolfram Jost Chief Technology Officer
Alf Henryk Wulf Member-Supervisory Board
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