(2010-08-27) Software AG Awarded SWIFTReady Financial EAI Label for 2010

• Software AG receives SWIFT’s highest level of certification for interoperability fo

Software AG today announced that it has been awarded SWIFTReady Financial EAI label for 2010 from the Society for Worldwide Interbank Financial Telecommunication (SWIFT), SWIFT’s highest level of certification for interoperability. This is the eighth year in a row that Software AG has received this certification.

Financial institutions around the world conduct critical business activities that require financial data communications and processing services with various third parties and need a flexible, adaptable and secure network to exchange information. With a certified SWIFT solution, Software AG is able to deliver to financial institutions integration and connectivity between their existing systems and the SWIFT network, allowing them to optimize business activities such as payments, securities, treasury, and trade services.

With current SWIFT solutions, companies struggle to integrate their back office applications with their banking operations. Companies have to rely upon fragile integration solutions or existing technologies that do not give the visibility and flexibility needed.

“With a SWIFTReady certification, Software AG is able to demonstrate that we are going the extra mile to deliver quality solutions,” said Ivo Totev, member of the Executive Board, Software AG. “It’s our commitment to helping our financial services customers since so many rely upon SWIFT to exchange vital financial information securely and reliably.”

“In addition, our SWIFT solutions support our financial services customers’ SWIFT-initiatives like Exception and Investigation to help them pinpoint where issues happen in payment processing. Instead of having to call around and contact each of the banks in a transaction, our integration, in conjunction with the SWIFT Network’s capabilities, can help investigate the reason for broken payments quite easily,” he said.

Software AG serves financial services institutions globally with webMethods SWIFT solutions. These certified solutions provide:

• An integrated platform to connect SWIFT transactions directly with business systems
• Support for SWIFT’s messaging services including SWIFTNet FIN, Fileact and Interact Services to connect directly to the SWIFT network and a path to move away from disconnected SWIFT solutions
• The ability to connect any organization, including non-banks, to the SWIFT Network with SWIFT for Corporates solution

“Our solutions enable our financial services customers to comply with new industry regulations, manage risk, lower costs and increase flexibility for interbank processes in the payments and securities area,” Totev added.

SWIFT initiated the SWIFTReady label program over 10 years ago to certify third party applications and middleware products that support SWIFT messaging systems and standards and that integrate with SWIFTNet through Alliance interfaces.

About Us: About Software AG
With more than 1,000 U.S.-enterprise customers and 800 employees, Software AG's U.S. operation contributes one third of the company's total revenue and is Software AG's largest market presence and R&D location. Software AG has operated nationwide in the U.S. since 1973 through a fully-owned subsidiary, Software AG USA Inc., which is headquartered in Reston, Virginia – also an R&D hub for the company’s core data management and integration technologies. R&D labs for the development of Software AG’s webMethods product suite – offering SOA integration and BPM solutions – include facilities in San José/Silicon Valley, Seattle and Denver. For more information, visit www.softwareag.com/us.
Software AG is the global leader in Business Process Excellence. Our 40 years of innovation include the invention of the first high-performance transactional database, Adabas; the first business process analysis platform, ARIS; and the first B2B server and SOA-based integration platform, webMethods. We are unique in offering the world’s only end-to-end – and easiest to use – business process management (BPM) solutions, with the lowest Total-Cost-of-Ownership. Our industry-leading brands, ARIS, webMethods, Adabas, Natural and IDS Scheer Consulting, represent a unique portfolio for: process strategy, design, integration and control; SOA-based integration and data management; process-driven SAP implementation; and strategic process consulting and services.
Software AG had revenues of € 847 million in 2009 and has more than 6,000 employees serving 10,000 enterprise and public institution customers across 70 countries. Our comprehensive software and services solutions allow companies to continuously achieve their business results faster. The company is headquartered in Germany and listed on the Frankfurt Stock Exchange (TecDAX, ISIN DE 0003304002 / SOW).
About IDS Scheer
IDS Scheer is part of the Software AG Group and a leading provider of Business Process Management (BPM) software, solutions and services for corporations and public organizations worldwide. With the ARIS Platform for Process Excellence, the company offers an integrated, comprehensive solution portfolio for the strategy, design, implementation and controlling of business processes, allowing companies to continuously improve their overall business performance. Utilizing the ARIS Value Engineering (AVE) approach, IDS Scheer consultants bridge the gap between corporate strategy, business processes, IT solutions and process controlling. For IDS Scheer press information, please visit www.ids-scheer.com/us/press.
Software AG - Get There Faster
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