On 25.05.12 chairman of the supervisory board, Thomas Frank, and CEO, Werner Strub, reported excellent results about the business development of ABAS Software AG in Karlsruhe, Germany at the annual shareholders' meeting.
Excellent results in 2011
Werner Strub, CEO of ABAS Software AG, reported that the significant sales increase of abas Business Software licenses in 2011 came from countries like Germany, USA, China, Spain, Hungary, and other European countries. With a revenue growth of 36%, ABAS Software AG had one of its best outcomes in over 30 years of company history and aims for the goal to be the “leading global ERP provider for mid-market companies by providing the highest quality, flexible and intuitive solutions”.
ABAS Software AG profited from the high quality of abas Business Software, a strategy of providing ERP projects for mid-size businesses through a global network of software partners in 31 countries and key driving factors for growth including rising automobile production and a rising need for management effectiveness.
Independent of Banks and Investors
For over 30 years, abas Business Software has been developed on the basis of worldwide recognized technological standards. The ERP system can be customized to requirements within each company in every business sector, without losing its upgradeability. Each year ABAS Software AG grows an average of 10% and has been profitable since 1994. Profits are reinvested with a current employee count of about 750 employees. In 2011, the ABAS group reached a profit of approximately €70 million. Therefore, ABAS is completely independent of banks, investors and other interested parties.