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Risks and opportunities

We are subject to acquisition and integration risks based on the acquisitions already implemented and possible new acquisitions. We initiated the takeover of German company IDS Scheer AG in the third quarter of 2009; this transaction entails general acquisition and integration risks. Apart from this, there were no changes to the risk situation of the Software AG Group as portrayed in the Risk Report of the 2008 Annual Report. Corresponding opportunities will be described in the Outlook section of this report and the 2008 Annual Report.