WASHINGTON, D.C.—The IDS Scheer/ProcessWorld 2010 conference took place this week where much of the focus was on the integration process currently underway after Software AG announced last July it would acquire IDS Scheer. Here are just some things seen and heard.
1.The theme of the conference, Changing the World—One Process at a time, drew about 500 attendees. Speaking of changing the world, 30 per cent of Software AG shares belong to the Software AG Foundation, a social foundation that helps youth re-integrate into “the world process,” according to Software AG CEO Karl-Heinz Streibich. “That makes us feel very good,” he told the keynote audience.
3.Software AG unveiled a new book, Process Intelligence for Dummies, written by execs from both companies. Coined by Software AG, the term ‘process intelligence’ means real-time data reaped from business processes.
5.Eighty per cent of IT projects fail due to customers not knowing how to apply technology to their specific needs, said Jost. His amusing analogy: “You can have the best car in the world, perhaps it’s a German car,” he joked. “And you can have a lot of technology in this car, but if you do not know how to drive it, it doesn’t make sense.”
6.Streibich said customers can be assured that the company is secure from hostile takeovers because, by German law, it cannot happen without acquiring at least 75 per cent of the shares. “Be aware that the next 50 years is ours,” said Streibich.
Software AG, IDS Scheer execs give merger update
Follow Kathleen Lau on Twitter: @Kathleen Lau
