Software Improvement Group Honors Siemens, Eurobank and Rijkswaterstaat for Excellence in Software Health of System Landscapes - SIG

Software Improvement Group Honors Siemens, Eurobank and Rijkswaterstaat for Excellence in Software Health of System Landscapes


Amsterdam, September 26, 2019 – Software Improvement Group (SIG), the independent authority on software quality, announced today the winners of its inaugural client awards at the first annual SIG Symposium. The awards recognize the exceptional leadership, vision and results demonstrated by organizations in gaining control over the maintainability, reliability and security of their application landscapes.

SIG presented Eurobank, Siemens and Rijkswaterstaat with awards in three categories:

Master of Software Health
Winner: Eurobank


The Master of Software Health award is presented to the client which has implemented a structure across its organization to facilitate clean code development and cultivate awareness around the health of its applications. Nearly all Eurobank systems have received a four-star quality rating from SIG (out of 5 possible stars). The company demonstrates a strong drive to maintain a software quality level above market average in order to guide the bank smoothly through its digital transformation. Eurobank puts a clear focus on the professionalization of its products and processes so that its customers can confidently rely on its technology.

Industry Pioneer
Winner: Siemens


The Industry Pioneer award is presented to the client or partner with the most integrated software quality application, thereby serving as an example for its industry. Siemens Digital Industries Software (formerly Siemens PLM), partner of SIG, provides end-to-end solutions for smart product design, manufacturing and product verification (“digital twin”) by automotive and aerospace manufacturers; software code quality has been added as an integral part of the day-to-day business. Siemens incorporates software quality measurements in the process as early as possible, setting the tone for all vendors in the industry.

Legacy Modernizer
Winner: Rijkswaterstaat


The Legacy Modernizer award is presented to the client which has exhibited exceptional software modernization efforts. Rijkswaterstaat, the Dutch Ministry of Infrastructure and Water Management, has undertaken impressive measures to modernize its nearly 30-year-old system, IVS90, which provides guidance to ships. The maintenance of this system became expensive and complex; the new system, IVS Next, was therefore rebuilt from scratch and has already received a four-star quality rating from SIG. As a result, Rijkswaterstaat is now able to maintain IVS Next with lower costs and risks.

From left to right: Harry Minnema (Rijkswaterstaat), Steven Abdoelkhan (Rijkswaterstaat) and Spyros Bethanis (Eurobank)

Wouter Knigge, COO of SIG: “We wanted to recognize the organizations who have stepped up to create better and healthier software. Siemens, Eurobank and Rijkswaterstaat are great examples of how to make a difference in the maintainability, reliability and security of their application landscapes. SIG’s role is to perform the objective source code measurements and provide recommendations as guidance for the entire development process. Congratulations to our first-ever winners of the SIG client awards!”
10.06.2024
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SIG M&A Software Analysis Reveals Concerning Trends In Software Quality

NEW YORK, NY, USA, June 10, 2024

Software Improvement Group (SIG), the leading independent institute specializing in software health analysis, has significant concerns about the quality of software involved in mergers and acquisitions (M&A). Out of 531 M&A-related software projects analyzed, SIG found that the average software quality scores were significantly below the market average. This implies that companies face two times lower development efficiency and a considerably higher risk of defects and vulnerabilities.

Key findings

  • Quality Scores Below Market Average: The study revealed that software involved in these transactions often lags behind industry standards, presenting substantial risks for acquirers.
  • High Technical Debt: On average, technical debt constitutes 31% of the total code volume, indicating severe underlying issues in software maintainability and scalability.
  • Informed Investment Decisions: Companies that utilized SIG’s software economics methodology were able to make strategic investments to mitigate these technical debt challenges effectively.

SIG possesses unparalleled expertise and resources to assess the build quality, scalability, and security of software assets. With the world’s largest software metrics database, encompassing an impressive 200 billion lines of code and 18,000 system inspections spanning over 300 technologies, SIG provides comprehensive evaluations that stand as a testament to our unwavering dedication to creating a healthier digital world.

Luc Brands, CEO of Software Improvement Group: “At SIG, we believe private equity firms are not as in control as they could and should be. Through software economics, we ensure thorough code analysis, benchmarking, architecture investigation, and cost modeling. This approach guarantees clarity regarding the true scalability of acquired assets.”

To further facilitate this conversation, Software Improvement Group and Carnegie Mellon University (CMU) will be hosting a webinar titled “Software Economics for Private Equity: How to Evaluate the Quality and Value of Software Assets” on June 27th. The webinar will provide private equity companies with insights into the importance of software asset valuation. Private equity firms are invited to join the webinar to gain valuable knowledge and insights from industry experts.

In conclusion, software assets represent a significant opportunity for private equity firms to drive value creation. By embracing advanced software economics and leveraging SIG’s expertise, private equity firms can make informed decisions that maximize returns and mitigate risks in their software investments.

For more information about SIG and to register for the upcoming webinar, please visit Software Improvement Group’s webinar page.

For the full report, visit the benchmark report.

About SIG
Software Improvement Group (SIG) leads in traditional and AI software quality assurance, empowering businesses and governments worldwide to drive success with reliable and robust IT systems. Sigrid® – its software excellence platform – analyzes the world’s largest benchmark database of over 200 billion lines of code across more than 18,000 systems in 300+ technologies, and intelligently recommends the most crucial initiatives for organizations. SIG complies with multiple ISO/IEC standards, including ISO/IEC 27001 and 17025, and has co-developed ISO/IEC 5338, the new global standard for AI lifecycle management.
SIG was founded in 2000 and has offices in New York, Copenhagen, Brussels, and Frankfurt, and is headquartered in Amsterdam.

Sigrid®, together with expert consultants, and nearly 25 years of industry-leading research, position Software Improvement Group as the foremost authority on software excellence.

For more information, please visit Software Improvement Group’s website or social media channels.