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

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Software : appoints Brenton Smith as vice president for Australia and New Zealand

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06/15/2017 | 05:10pm CEST

Software AG has appointed Brenton Smith to take on the role of vice president for Australia and New Zealand left vacant by Gordon Gakovic in April.

Smith will oversee the company`s operations in the region and focus on generating new business for the company`s digital business platform portfolio.

Prior to Software AG, Smith worked for Quest Software, where he was the Asia-Pacific and Japan vice president and general manager. He brings more than 20 years of experience in the ICT industry, including senior executive positions at Symantec, CA Technologies, Business Objects, Siebel Systems and Brightstar Information Technology Group.

Smith said: "This is a very exciting time to be joining Software AG as the company builds on the momentum of the successful market adoption of its digital business platform. I look forward to engaging with our customers and partners in Australia and New Zealand and working with the entire Software AG team to successfully execute its new go-to-market strategy."

Software AG Asia-Pacific and Japan`s senior vice president Mike Saxton said: "The breadth and depth of his 20-year experience in enterprise software and the communications technology industry coupled with his customer-centric mindset will be instrumental in accelerating the adoption of our digital business platform.

"His skills in building and leading world-class sales teams will be invaluable as we grow our market share in Australia and New Zealand."

Gakovic left the vendor in April to join Tenable Network Security as country manager for Australia and New Zealand. He joined Software AG in 2013 as the national sales director and was promoted in late 2015 to managing director.

(c) 2017 News Central Asia (nCa). All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (€)
Sales 2017 903 M
EBIT 2017 260 M
Net income 2017 156 M
Finance 2017 143 M
Yield 2017 1,56%
P/E ratio 2017 19,62
P/E ratio 2018 17,91
EV / Sales 2017 3,27x
EV / Sales 2018 3,03x
Capitalization 3 100 M
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Mean consensus HOLD
Number of Analysts 21
Average target price 37,2 €
Spread / Average Target -8,3%
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Karl-Heinz Streibich Chief Executive Officer
Andreas Bereczky Chairman-Supervisory Board
Arnd Zinnhardt Chief Financial Officer
Wolfram Jost Chief Technology Officer
Stefan Sigg Chief Research & Development Officer
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