This was followed by the acquisition of its Israeli distributor SPL Software in March 2007 and the application modernization business of another Israeli company, Jacada in December 2007, which formed the basis for its research and development center in Israel. In January 2005, Software AG acquired Sabratec Ltd, a privately held legacy integration vendor headquartered in Israel. In 1999, Software AG was listed on Frankfurt Stock Exchange and soon after the company released Tamino Information Server and Tamino XML Server. By 1987, Software AG had around 500 employees, 12 subsidiaries in Europe and offices in more than 50 countries. The company continued to open offices and subsidiaries in North America (1971), Japan (1974), UK (1977), France (1983), Spain (1984), Switzerland, Austria, Belgium, and Saudi Arabia (1985). In 1979, Natural, a 4GL application development English-like language, that was mainly developed by Peter Pagé, was launched. ADABAS was launched in 1971 as a high-performance transactional database management system. One of the founders was the mathematician Peter Schnell, who later became chairman of the board for many years. ![]() The company was founded in 1969 by six young employees at the consulting firm AIV (Institut für Angewandte Informationsverarbeitung).
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