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Volume 2010 - Issue 4 - INFOTEAM NEWSLETTER - June 24, 2010

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infoteam changes into stock corporation

Changes at infoteam Software. The company changing its legal form into a stock corporation. Until now all shares were held by 10 employees. Now infoteam is planning to give more employees the chance to participate in the companys success. On June 24 the new managing board and the software houses future plans and strategy were introduced to the technical media during the 5th infoteam Software Forum.


Karl-Heinz John new CEO

Karl-Heinz John is the new CEO of infoteam Software AG. He was directing the software houses business for more than 25 years, side by side with Dr. Wolfgang Brendel. infoteam has its headquarters in Bubenreuth, Germany and subsidiaries in Switzerland and China.
Michael Sperber and Stefan Angele have both been members of the board of directors for several years. Together they will form the new management trio with John as Executive Chairman. Company founder Dr. Brendel will be joining the Supervisory Board of the newly formed infoteam Software stock corporation.

"Our customer loyalty stays untouched. We will remain strong and reliable partners to our customers. This counts not only for Germany but even stronger in China and Switzerland where business is very often built on personal trust. Dr. Brendel will stay in the vicinity and work with us closely. His position as a shareholder and Chairman of our Supervisory Board is the perfect link." explains Karl-Heinz John.


New structure for the future

There are structural changes involved with the change of the companys legal form. infoteam is pooling its business into three units: Industry, Healthcare and Life Science. The sales department which used to be run centrally will now be integrated into the business units and therfore moves closer to the technical departments.

Internationally the subsidiaries in China and Switzerland are to be incorporated into the company group. infoteams sales representative office in Beijing is currently transformed into an "Engineering Office" and will soon be reformed into a wholly foreign owned enterprise (WFOE), a 100 % owned subsidiary.


Sales targets aim high

"infoteam is proudly looking back onto very good business years in 2008 and 2009, despite the global economic crisis. Sales increased by 25,4 % in 2009. We achieved an average growth of 20% during the last seven years. Sales targets for 2010 aim high: we plan to reach 8.5 million Euros in 2010 and we are on a very good way." says Karl-Heinz John.

The change of infoteams legal form and the accompanying restructuring process will lay the foundation for our future success for the coming decades."

More information and an interview with Karl-Heinz John and Dr. Wolfgang Brendel can be read here.


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