Economy, Business And Markets

Software AG to Enter

Software AG to EnterSoftware AG to Enter

Software AG–the second largest software vendor in Germany–has revealed its strategic plan to venture into Iran to leverage its potential of becoming the fastest-growing IT sector in the Middle East region in the next five years. As part of the plan, Software AG has signed an agreement with two local companies; including TÜV NORD. The company has a history of supplying software licenses to banks, petrochemical companies, and government organizations in Iran prior to the UN economic restrictions imposed in 2006, reported on Sunday.