Annual Report 2002 - Software AG
Annual Report 2002 - Software AG
Annual Report 2002 - Software AG
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Events subsequent to the balance-sheet date<br />
New partnerships<br />
In February 2003, we agreed a strategic technology<br />
and sales partnership with Vordel, an Irish-based<br />
provider of security solutions for Web services.<br />
In the same month, we also signed a new<br />
global partnership with iWay <strong>Software</strong> that will enable<br />
<strong>Software</strong> <strong>AG</strong> to incorporate iWay’s adapter technology<br />
into our EntireX platform, making it easier<br />
to integrate IT systems on the basis of open standards.<br />
New regional structure<br />
<strong>Software</strong> <strong>AG</strong>’s international subsidiaries have been<br />
regrouped into four regions, effective February 1,<br />
2003. These are:<br />
Americas<br />
Northern Europe and Asia<br />
Southern and Western Europe<br />
Central and Eastern Europe<br />
Overall responsibility for all business activities will<br />
lie with the corresponding regional management<br />
teams. We believe reorganization will result in<br />
knowledge transfer between <strong>Software</strong> <strong>AG</strong> companies<br />
around the world, and greater economies of<br />
scale.<br />
MAN<strong>AG</strong>EMENT REPORT<br />
An International Executive Board (IEB) was founded<br />
in January, consisting of the members of the Executive<br />
Board and the regional managers. IEB is tasked<br />
with preparing key strategic and operational decisions,<br />
and for monitoring their execution.<br />
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