European ERP firms go bust


European ERP firms go bust

Antony Savvas

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.

Comment on this article:

Email Alerts

Register now to receive IT-related news, guides and more, delivered to your inbox.
By submitting your personal information, you agree to receive emails regarding relevant products and special offers from TechTarget and its partners. You also agree that your personal information may be transferred and processed in the United States, and that you have read and agree to the Terms of Use and the Privacy Policy.

COMMENTS powered by Disqus  //  Commenting policy