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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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update software AG to renew its successful reseller partnership with Inspur

June 25, 2014 | Corporate News

Vienna, Frankfurt, 25 June 2014 +++ update software AG, a leading provider of CRM software, is renewing its reseller partnership, commenced in 2012, with the Chinese company Inspur, the leading hardware producer in the Chinese market.

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update software AG: Aurea Software FZ-LLC releases decision to submit a voluntary takeover offer to the shareholders of update software AG

May 27, 2014 | Corporate News

Vienna, Frankfurt, 27 May 2014 +++ As published in today’s announcement pursuant to Section 10 (1) in conjunction with Section 34 of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz,WpÜG), Aurea Software FZ-LLC intends to submit to the existing shareholders of update software AG an offer to acquire no-par value bearer shares of update software AG, each with a notional share in the total share capital of EUR 1.00 and with profit participation rights as from the beginning of the fiscal year 2013 (ISIN: AT0000747555, WKN: 934523), by way of a public unsolicited takeover offer, against payment of a purchase price of 3.51 EUR per share in cash less any dividend payment as may be resolved at the annual general meeting on June 4, 2014, and further subject to such terms and conditions as will be published in the offer document.

According to today’s announcement, the voluntary takeover offer by Aurea Software FZ-LLC will, inter alia, be subject to the (waivable) condition of the acquisition of at least 50.1 % of the shares and voting rights of update software AG.

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