Software AG, a leading provider of Business Process Excellence (BPE) solutions, was confirmed as winner of the HSBC International Growth Strategy of the Year at the European Business Awards 2011 in Barcelona. In a hotly-contested category, the accolade reflected Software AG’s huge growth over the past 18 months following the launch of its cutting-edge BPE product portfolio. This saw group turnover increase by 32 per cent year on year, driven by a 34 per cent growth in the BPE business line, with the company returning over €1 billion revenue in 2010, one year ahead of plan.
The award recognized that the company’s shift in focus from product to process had led to significant growth. For Phil Forrest, chairman of judges, “Software AG’s 40 years of innovation in offering customers a unique portfolio of end-to-end business process management solutions is proof that, in the highly competitive world of software supply, specialization and focus on a key performance improvement sector can deliver effective growth.”
Karl-Heinz Streibich, CEO, Software AG: “This prestigious award is proof that focus combined with agility creates competitiveness. We are a European software company competing in a world of IT giants and it is testament to our people to have been acknowledged in this way.”
Leading industry analysts have also recognized Software AG’s achievements, ranking the company’s portfolio in the ‘technology leadership category’ in 12 different areas relevant to Business Process Excellence - more than any other competitor.
“BPE allows companies to continuously monitor, manage and optimize their business processes in order to increase productivity and competitive advantage while simultaneously reducing costs,” added Darren Roos, COO EMEA and member of the Group Executive Board of Software AG. “Uniquely, Software AG’s process optimization approach provides technological freedom and choice for our customers and a common platform to align business requirements with IT.”
Since 2007, the European Business Awards have recognized excellence, innovation and best practice in all disciplines of business. The judging panel for each category comprises experts in their fields, each bringing a strong blend of experience, business acumen and understanding.