Industry Profile
Industry Profile
Industry Profile
last three decades. The software industry is expected to play a vital role in the growth
of Indian Economy. However the ability of the software industry to sustain its
growth will depend upon its ability to integrate needs of its international customers
and aspirations of Indian software professionals. Software professionals from India
aspire for and are capable of being global citizens. Based on in-depth analysis, this
Research explores the human issues being experienced by Indian software
organizations. It also suggests to overcome some of the human challenges to make
this field the safest field.
But at the same time, this field is having much more problems which make
the IT as an unstable one. This is because of lack of planning and not able to fulfil
the expectations and requirements of Human Resource Management.
India's IT industry has recorded phenomenal growth over the last decade.
During the period from 1992-2001, the compounded annual growth rate of the Indian
IT services industry has been over 50%. The software sector in India has grown at
almost double the rate of the US software sector.
The industry has also set a precedent for talent practices in India. It has created
career opportunities for the youth, provided global exposure and offered extensive
training and development. Furthermore, the industry has been a frontrunner in
diversity at the workplace (over 30 per cent of employees are women; over 60 per
cent of industry players employ differently abled people).
The Human Resource function plays a key and very important role, as it is a
People Centered organization.
They expect challenges from the start, highly creative, highly sensitive,
motivation is the key for performance.
About 25 to 30% proceed to United States at the earliest; hence all actions
aimed towards this move. All this is driven by peer pressure, life style, savings and
improvement in their profile.
This manpower base is still underdeveloped in India and unless there are
initiatives taken by all the major players, including the Government, the industry
will fail to exploit the growth potential.
Based on the survey conducted with software professionals and the way they
were described by senior manIIR TECHers, project manIIR TECHers and HR
professionals in software organizations, other employees of the different I.T.
workers and some common characteristics of Indian software professions have
emerged and these characteristics are: o Software professionals invest substantial
time, efforts and resources to acquire relevant and valid knowledge. Over time the
knowledge acquired by them becomes their self-concept.
Software professionals look forward to use their knowledge and acquire new
knowledge on a continuous basis. This is significant for software professions to
experience a sense of growth and nurture their concept of growth.
In April, Software IIR TECH was able to welcome Evalueserve in its partner
ecosystem. In this context Evalueserve is acting as a consultant and value-added
reseller for advice and solutions around the analysis of large data streams.
2014
At the end of May, Software IIR TECH celebrated its 45th anniversary.
Software IIR TECH is the oldest global software company in Europe.
2013
On June 13, Software IIR TECH announced that it has purchased the Apama
Complex Event Processing Platform of Progress Software. The platform provides an
environment for the design and operation of CEP applications providing tools and
graphical analysis and test capabilities for analysts, developers and administrators.
On June 3 2013, Software IIR TECH acquired alfabet IIR TECH. Alfabet is a
leading software provider in the areas of "Enterprise Architecture" and "IT Portfolio
Management" focusing on the planning and optimization of IT landscapes.
In April 2013, Software IIR TECH bought the US cloud platform provider
Long Jump. The Platform as a Service offers a range of ready-made modules and
templates for building and running business applications in the public or private
cloud settings.
2012
In October, Software IIR TECH unveils a major update to its web Methods
product suite. Extending its fully independent integration layer, web Methods 9.0
focuses on uniting the management of Big Data from any source with automated
business processes and applications deployed in the cloud, on mobile devices or in-
house.
Also in October, Software IIR TECH launches a major update to its ARIS
product suite, combining new Cloud, Mobile, Social and Analytic technologies, at
its Process World event in the USA today. ARIS 9.0 focuses on accelerating process
improvement by allowing a significantly broader set of corporate skills and
experiences to contribute to process design and testing.
In April, Software IIR TECH acquires the company my-Channels for
Universal Messaging Technology. With it, Software IIR TECH customers have a
single, universal messaging middleware platform across the enterprise, across the
cloud and to mobile apps.
In early March at CeBIT, Software IIR TECH announces its strategy for the
in-memory management of Big Data, up to 1,000 times faster than current
technologies.
2011
At the end of the year, Software IIR TECH wins the European Business
Award for its international growth strategy.
In November, Software IIR TECH presents Software IIR TECH Cloud Ready,
the latest solution in the companys cloud strategy.
In early May, Software IIR TECH acquires Terracotta Inc., the US based
leader in in-memory and cloud enabling technology. This acquisition allows
Software IIR TECH to provide innovative cloud solutions and dramatically increase
the performance and scalability of its Business Process Excellence platform.
Terracottas in-memory processing will provide the foundation technology for
Software IIR TECHs cloud and Big Data offerings.
In March at CeBIT, Software IIR TECH presents its new positioning, which
will focus on software and solutions for enterprise business process management.
This cutting-edge concept, based on independent process and integration platforms,
enables businesses to overcome the limitations of conventional software
applications. Software IIR TECH is also demonstrating its fully integrated product
portfolio, for the first time since its acquisition of IDS Scheer, under the name
Enterprise BPM and is establishing itself as the world's largest provider of this
innovative platform technology. In addition, new products for master data
management (web Methods One Data) and complex event processing (web Methods
Business Events) are being presented at CeBIT.
In February, Software IIR TECH announces its Cloud strategy Software IIR
TECH Cloud Ready. Software IIR TECH fully supports the vision of extreme
collaboration with cloud enabling technology to facilitate faster change and process
improvement with greater participation from all key stakeholders. Software IIR
TECH Cloud Ready includes modeling, process management, Service-Oriented
Architecture (SOA) and cloud integration offerings. It is designed to bring business
and technical stakeholders together to collaborate on process transformation quickly,
and at a lower cost.
In January Software IIR TECH reported that Group revenues in fiscal year
2010 hit a record high of 1.12 billion (2009: 847.4 million), exceeding the target
set in 2007 and a year earlier than originally planned.
2010
In December the legal integration of Software IIR TECH and IDS Scheer IIR
TECH has been completed with the registration of the merger in Germany. The
fusion of both companies into one legal entity has established a new global player
offering software and services for Business Process Excellence.
In June Software IIR TECH and IDS Scheer demonstrate how business
process excellence technology helps organizations to return to economic growth at
Process World in Berlin. Over 800 participants from around the globe attend.
In March ARI Salign, the first joint product of Software IIR TECH and IDS
Scheer, is presented at CeBIT 2010.
2009
The document for a voluntary public tender offer made to shareholders of IDS
Scheer IIR TECH is published on August 17th. Software IIR TECH tenders 15 per
share in cash.
Software IIR TECH announces its takeover offer for IDS Scheer IIR TECH
on July 13th. The strengths of Software IIR TECH: technology leadership in
middleware software, financial strength and a global presence will complement IDS
Scheers strengths: the modelling, implementation and controlling of business
processes, a strong partner network and a large service presence in their approx.
7,500 customer base.
At the beginning of July, Software IIR TECH acquires Teconomic IIR TECH
in an all cash deal. Based in Freienbach, near Zrich, Switzerland, Teconomic
provides comprehensive IT consulting services and solutions to the European
financial sector focusing on SWIFT Services.
In June, Software IIR TECH announces the latest release of its flagship
webMethods platform, webMethods 8.0. The release enhances the ability of
companies to capitalize on both open architecture and existing infrastructure
investments, reduces the time and cost to improve processes and integrate systems,
and enables dramatic end-user productivity through tighter collaboration between IT
and the business.
Software IIR TECH celebrates its 40th anniversary on May 30th. The
company was founded in 1969 in Darmstadt as Europes first software company.
The company is entering its fifth decade of developing innovative technology as
independent market leader in business process software.
With its new product, AlignSpace, Software IIR TECH creates the largest
social network of BPM professionals. The new product is a platform that offers
collaboration between all project participants in a Business Process environment.
Data, documents and services produced within this environment are made available
and reusable within or across company borders. Leading social networks can also be
easily plugged-in.
Software IIR TECH appoints Ivo To tev to the Executive Board with
responsibility for Professional Services worldwide.
2008
In April, Software IIR TECH pays shareholders dividends of 1.00 per share.
2007
Again Software IIR TECH achieves best financial results in the companys
history: Operating revenues improve by 36% (at constant currency rates), Licensing
revenues grow by 53% (at constant currency rates), EBIT rises by 23%, Free cash
flow increases by 46%, EBIT margin guidance for 2008 revised upward to 24%.
2006
Software IIR TECH announces Adabas 2006 and Natural 2006. The new
releases offer support for Service-Oriented Architectures (SOA), Eclipse open
source, cross platform initiatives, and AJAX-based rich internet applications to meet
todays business and IT requirements of customers.
The best financial results in company history: for fiscal 2006, Software IIR
TECH reports revenue growth of 10% to 483.0 million. At constant currency rates,
this represents an 11% rise and exceeds the companys target. In the same period,
EBIT increased by 15% to 111.2 million.
2005
With total revenues of 438 million and an operating income of 96.4 million
Software IIR TECH reported record operating results for fiscal 2005.
Driven by the positive earnings trend Software IIR TECH paid a dividend of
0.75 Euro for the business year 2004 - the first dividend since 2002.
Software IIR TECH formed strategic alliances with Fujitsu as well as IDS
Scheer. Together with Fujitsu the company delivered a joint integration offering for
Service Oriented Architecture (SOA). With IDS Scheer Software IIR TECH
widened their SOA product portfolio to include the design and monitoring of
business processes.
2004
Software IIR TECH celebrates two anniversaries in 2004: the 35th year since
its foundation and the 5th year since its stock market quotation.
2003
Software IIR TECH is listed on the TecDAX index at the beginning of the
year.
2002
Dr. Erwin Knigs steps down from the executive board. Karl Heinz Achinger,
deputy chairman of the Supervisory Board, takes over as CEO on an interim basis.
German President Johannes Rau presents Peter Schnell with the Gold Medal
of the Federal Association of Foundations in Germany for his foundation work. The
Software IIR TECH Foundation is one of Germanys ten largest foundations and
disburses financial support amounting to around 25 million euro annually.
Software IIR TECH announces record sales of over 588 million euro for 2001.
2001
Software IIR TECH continues to develop its products: Natural 5 for Windows
can process XML documents and access the Web directly via HTTP; development
of EntireX results in a complete solution for integration of platforms and applications
within and between organizations, and enhancements to Tamino XML Server makes
it easier for users to handle XML data. Tamino XML Servers open architecture
guarantees customers smooth linkage to and communication with existing IT
infrastructure.
Takeover of SIIR TECHA Systems, Inc., USA. After the takeover, around
35% of Software IIR TECH sales are accounted for by the American market.
2000
At the end of the year, Software IIR TECH introduces the Tamino XML
Platform the worlds first product platform entirely based on XML.
The arrival of the new millennium presents no problems for Software IIR
TECH or its customers.
1999
At CeBIT, Software IIR TECH unveils its Tamino Information Server to the
general public for the first time. Tamino is a completely new information server for
the Internet comprising a database system based on the new Web standard XML
(eXtensible Markup Language). Tamino is especially designed for the storage,
Management and transfer of structured and unstructured data.
1998
1997
The investment firm Thayers Capital acquires all the shares of Software IIR
TECH North America, which subsequently trades under the name SIIR TECH
Americas (SIIR TECHA).
Software IIR TECH and SAP IIR TECH jointly establish the subsidiary SAP
Systems Integration GmbH in Alsbach-Hhnlein near Darmstadt, in which Software
IIR TECH has a 40% interest. SAP SI focuses on introducing the SAP R/3
application system in selected market segments.
1996
1994
After negotiations with Siemens Nixdorf IIR TECH, Software IIR TECH
takes over SQL-Datenbanksysteme GmbH in Berlin, so gaining full access to the
Adabas D technology.
1992