History
IDS Scheer was founded in 1984 to market the Y-Model reference framework developed by Dr. Scheer in the 1980s. The Y-Model helped users identify and classify processes and was originally the foundation of IDS Scheer’s products. A special “Y” symbol is still in the company’s logo today as a representation of the Y-Model.
The company went IPO on the Frankfurt exchange in 1999. By the end of its first year as a public company, IDS Scheer had 87.1 million euro in annual revenue and had developed and sold the ARIS architecture it’s known for today. The company grew rapidly from 87.1 to 220 million euro in revenue from 1999 to 2003 and up to nearly 400 million euro by 2008. IDS Scheer acquired German-Swiss consulting firm Balink in 2004 and Russian consultancy Business Logic in January 2005.
The company continues to fuel an aggressive expansion today, including the opening of offices in Australia, Croatia, and Shanghai from 2004-2007. By 2007, the company had almost 3,000 employees, over half of which were devoted solely to consulting.
Software AG agreed to buy IDS Scheer for €487 million in July 2009. The takeover was cleared by competition authorities in October 2009.
Read more about this topic: IDS Scheer
Famous quotes containing the word history:
“The basic idea which runs right through modern history and modern liberalism is that the public has got to be marginalized. The general public are viewed as no more than ignorant and meddlesome outsiders, a bewildered herd.”
—Noam Chomsky (b. 1928)
“Every literary critic believes he will outwit history and have the last word.”
—Mason Cooley (b. 1927)
“I cannot be much pleased without an appearance of truth; at least of possibility—I wish the history to be natural though the sentiments are refined; and the characters to be probable, though their behaviour is excelling.”
—Frances Burney (1752–1840)