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European ERP firms go bust

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European ERP firms go bust

Java-based enterprise resource planning software companies Semiramis Software of Germany and Semiramis Software of Austria have filed for bankruptcy.

Both companies partner with IBM to sell systems and they compete with SAP in the ERP market. The companies, which belong to the Austrian KTW Group, have gone bust owing millions of pounds.

Despite several new contracts with Austrian and German companies, the suppliers are said to have recently failed to pay wages to staff and invoices to suppliers.

KTW Group, which is the biggest distributor of the Semiramis ERP software, said it would continue to support Semiramis users.

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