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update software AG’s principal shareholder, Aurea Software FZ-LLC , publishes a voluntary takeover offer for the acquisition of all update shares

April 22, 2015 | Corporate News

Aurea Software FZ-LLC, the principal shareholder of update software AG, submitted a voluntary offer today to the other shareholders of update software AG for the acquisition of all update software AG shares. The offer is for the acquisition of all update software AG shares not presently owned by Aurea Software FZ-LLC. The offer price is EUR 3.15 per share. The offer is valid as from today, 22 April 2015, and expires at 4 p.m. CEST (Central European Summer Time) on 5 May 2015. According to the information available to the Management Board, Aurea FZ-LLC currently holds 81.5% of the Company's share capital.

More information on the voluntary offer by Aurea FZ-LLC is available at:

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update software AG: preliminary results for the 1st quarter of 2015

April 20, 2015 | Ad-hoc News

Vienna/Frankfurt, 20 April 2015 +++ In preparing the quarterly financial statements for the first quarter of 2015, the Board of Management arrived at the estimate today that an EBIT margin of –25 to –30% is to be expected for the Q1 reporting period. Given the leaner cost structure, the Board of Management of update software AG had last expected to see a more positive result already in the 1st quarter of 2015. Total revenue for the 1st quarter of 2015 is estimated at EUR 6.2 million, and thus around 21% below the total revenue of EUR 7.9 million in the 4th quarter of 2014.

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update software AG: management board plans to change the company's legal form to a limited liability company

March 25, 2015 | Corporate News

Vienna, Frankfurt, 25 March 2015 +++ update software AG is preparing for the change of the company's legal form to a limited liability company. The management board of update software AG resolved yesterday to propose to the annual shareholders' meeting, which is scheduled for 10 June 2015, to change the company's legal form from a joint stock company (AG) to a limited liability company (GmbH). This means that the delisting plans of update software AG's management board announced in the ad-hoc release on 3 March 2015 have now become more concrete in terms of implementing a corporate restructuring. The company's change of legal form to a limited liability company will also result in the expiry of its stock exchange listing.

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update software AG: management board starts delisting process

March 03, 2015 | Ad-hoc News

Vienna/Frankfurt, 3 March 2015 +++ The management board of update software AG resolved in its meeting today to initiate the process of a delisting of the company's shares. To this end, the board will determine in the coming weeks whether to submit an application for withdrawal of the listing of its shares on the regulated market (General Standard) (regular delisting) or if a corporate restructuring measure (e.g. changing its legal form from a joint stock company (AG) to a limited liability company (GmbH)), in the course of which the company's stock exchange listing would expire (cold delisting), should be preferred.

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update software AG initiates adjustment of the business model and reduces EBIT forecast for the full year 2014

October 28, 2014 | Ad-hoc News

Vienna, Frankfurt, October 28, 2014 +++ The management board and the supervisory board of update software AG decided today on an adjustment of the business model. In view of the constantly changing software market, the management is convinced that the current strategy of focusing on Customer Relationship Management software (CRM) with a hybrid business model for SaaS and On-Premise does no longer allow the company to be profitable in the long term and to ensure a steady, stable and positive business development. The purpose of adjusting the business model is to create a competitive and profitable company in the long term and to make cost structures more efficient.

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update software AG: Q3 results show a year-on-year increase in revenues as well as positive EBIT

October 22, 2014 | Corporate News

Vienna, Frankfurt, 22 October 2014 +++ update software AG, one of the leading European providers of premium CRM solutions, with headquarters in Vienna, released its results for the third quarter today. The company´s revenues and earnings show a year-on-year increase.

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update software AG: Changes to the Management Board and Adjustment of Guidance

October 13, 2014 | Ad-hoc News

Vienna/Frankfurt, 13 October 2014 +++ The Management Board members Thomas Deutschmann (CEO), Arno Huber (CTO), and Uwe Reumuth (CFO) agreed with the Supervisory Board today to terminate their respective Management Board mandates effective as at the end of today, and entered into termination agreements with respect to their Management Board employment contracts. The aforementioned members of the company's Management Board will continue to serve in an advisory capacity until 31 December 2014. The Supervisory Board regrets this step and thanks the members of the Management Board for the good co-operation and their commitment and wishes them personally all the best for the future.

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update software AG: changes in the management board and the supervisory board

August 26, 2014 | Ad-hoc News

Vienna/Frankfurt, 26th of August 2014 +++ Within the extraordinary general meeting of update software AG held today, it has been decided to reduce the number of supervisory board members from six to four. Further, a by-election was held for the retired supervisory board members.

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update software AG: resignation of five Supervisory Board members

July 28, 2014 | Ad-hoc News

Vienna/Frankfurt, 28 July 2014 +++ Five of the six members of update software AG's Supervisory Board have each resigned from their position as a member of the Supervisory Board with effect before the beginning of the next Extraordinary Shareholders Meeting.

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update software AG: significant year-on-year increase in profitability

July 23, 2014 | Corporate News

Vienna, Frankfurt, 23 July 2014 ¬+++ The European producer of customer relationship management software continues the positive development from the first quarter. With an increase in total sales revenues of 7% from the prior-year reference period and earnings before interest and taxes (EBIT) of EUR 0.2 million, the second quarter developed in line with expectations.

Improvement of all revenue streams

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