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Nemetschek AG names GRAPHISOFT and Vectorworks CEOs to Executive Board

BUDAPEST, October 22, 2013 -- Nemetschek AG has announced that Viktor Varkonyi, CEO of GRAPHISOFT SE, and Sean Flaherty, CEO of Nemetschek Vectorworks Inc., have been promoted to the Executive Board of Nemetschek AG. Both managers bring comprehensive knowledge of international markets, deep experience in the software industry and strong leadership to the new Executive Management Team.

The Nemetschek Group is committed to securing a leading position in the AECO (Architectural, Engineering, Construction, and Operation) and design industry and plans to leverage current growth opportunities resulting from the rapid changes in technology and the digitalization of building processes. The addition of Varkonyi and Flaherty to the Supervisory Board of Nemetschek AG sets out a fundamental organizational step toward achieving that goal. As Senior Vice Presidents of Nemetschek AG, they will be responsible for defining and executing the Nemetschek Group strategy, mission and vision in the global AECO and design markets.

Viktor Varkonyi has held a number of positions at GRAPHISOFT during the course of the past 20 years. Varkonyi and his colleagues are credited with developing GRAPHISOFT into a global market leader in the field of Building Information Modeling (BIM) solutions.

Sean Flaherty has held many positions at Vectorworks over the past 27 years. Together with his team, he develops and markets professional CAD and BIM solutions for designers in the global AEC, entertainment and landscape design industry.

Both Senior Managers are known for their sharp business sense, strategic leadership, experience, and a passion for technology. Furthermore, they are respected by employees, customers and partners worldwide. By adding experienced brand CEOs to the Executive Board, Nemetschek expects to leverage the strength of its brands to extend the company’s market positions globally.

Varkonyi will continue in his role as CEO of GRAPHISOFT, while Flaherty will continue to lead Nemetschek Vectorworks Inc. The search for a new Chief Financial and Operations Officer (CFOO) is underway and an announcement will be made soon.

About Nemetschek AG

Nemetschek is a leading global software provider for the architecture, engineering and construction (AEC) market. Headquartered in Munich, Germany, with its 11 brands it serves more than 300,000 customers in 142 countries from 40 locations worldwide. Founded in 1963 by Prof. Georg Nemetschek, the Group has always focused on innovations such as Open Building Information Modeling (Open BIM) for the AEC market of tomorrow. The company, listed in the TecDAX of the German Stock Exchange, generated revenues of EUR 175 million in 2012 and a result before interest, tax and depreciation (EBITDA) of EUR 41 million.