Software AG swoops for IDS Scheer

Infrastructure software vendor Software AG has bought 48% of the IDS Scheer shares owned by co-founders Prof. Dr. August-Wilhelm Scheer and Prof. Dr. Alexander Pocsay, giving it a platform to acquire the rest of the company in due course.

IDS Scheer is a business process management (BPM) modelling vendor, with a particularly strong position in the SAP applications modelling and consultancy space.

Software AG said it will offer €15 in cash per outstanding share of IDS Scheer capital, which equates to a purchase price for the entire share capital of around €487m. After obtaining regulatory approval, the formal offer period will start in August and finish before the end of September, Software AG said.

Software AG is no stranger to the business process management (BPM) space. It used to rely exclusively on partner Fujitsu Software for a BPM execution engine, though it co-developed a BPM management and governance framework with Fujitsu called CentraSite. Indeed CBR had the scoop on that joint development way back in March 2005.

Article sourced from www.cbronline.com, click here to read full story.