The management of Software GmbH, which will continue to act as the holding company for ARIS, Adabas & Natural (A&N) and the central functions of the Software AG Group, has been transferred by financial investor Silver Lake Partners to Martin Biegel, Martin Clemm, Robin Colman and Toktam Khatibzadeh with immediate effect.
Important contribution to development and decline
In his role as head of the company, Brahmawar has a mixed record — but Silver Lake is not entirely innocent of this. Taking over as CEO in August 2018, Brahmawar was instrumental in Software AG’s transformation from a legacy software company to a modern subscription and SaaS business focused on recurring revenue growth. He also spearheaded the acquisition of StreamSets, combining it with webMethods into a unified AI-powered platform, Super-iPaaS.
At the same time, however, he also played a leading role in the subsequent sell-off of the company led by Silver Lake Partners. While Software AG hoped for support in its growth plans when the financial investor came on, the opposite was ultimately the case: After completion of the takeover, the investors sold the newly created integration business to IBM for €2.13 billion with the help of Brahmawar. The CEO was also instrumental in the spin-off and divestiture of TrendMiner, Cumulocity and Alfabet.
Reference :
Reference link
