Software AG is a holding company, which provides process and integration software. It operates through the following segments: Business Process Excellence (BPE), Enterprise Transaction Systems (ETS), and Consulting. The BPE segment focuses on future-oriented software solutions for designing optimal business processes. The ETS segment specializes in database solutions for mainframe computers. The Consulting segment supports implementation of the company's own BPE and ETS products as well as the optimization of strategic business and technology investments. The company was founded by Peter Schnell on May 30, 1969 and is headquartered in Darmstadt, Germany.