Software AG Bids For IDS Scheer Takeover

Software AG announced a $668 million cash merger with IDS Scheer. The deal will create a new billion dollar infrastructure software and Business Process Management software company and comes after the recent $7.4 billion Oracle acquisition of Sun Microsystems. The public takeover of IDS Scheer will give Software AG 47.68% of August-Wilhelm Scheer and Alexander Pocsay stock, founders of IDS Scheer. Germany-based IDS Scheer will aide Software AG in  expanding into international markets such as Asia and South America. IDS Scheer’s specialization in BPM will compliment Software AG’s Service Oriented Architecture (SOA). Approval from German anti-trust authorities is pending.

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