AXWAY_REGISTRATION_DOCUMENT_2017

AXWAY GROUP AND ITS BUSINESS ACTIVITIES

CORPORATE RESPONSIBILITY

CORPORATE GOVERNANCE

CONSOLIDATED FINANCIAL STATEMENTS

2017 ANNUAL FINANCIAL STATEMENTS

CAPITAL AND AXWAY SOFTWARE STOCK

INFORMATIONS ADMINISTRATIVES ETbJURIDIQUES

COMBINED GENERAL MEETING OFb6bJUNEb2018

General situation in the enterprise software market

This evolution has given rise to a market referred to as “Hybrid Integration Platform” in which Axway operates and intends to grow. It includes the aforementioned technology segments (MFT, B2B integration, API management, iPaaS… as shown in the following picture):

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organizations), there is a place for different flavors of Hybrid Integration Platforms: hence the importance of a differentiated positioning − which Axway has developed from its long history in certain integration patterns.

According to Gartner, “ByǾ 2020, more than 75% of large organizations will establish a Hybrid Integration Platform using an integration infrastructure that they assemble from multiple vendors.” (1) Therefore, in Axway’s main market (large

1.1.2 Market drivers, digital business and customer experience The most pervasive trend in business today and for the foreseeable future is digital disruption. It impacts all businesses in many ways: customer experience and business processes, organization and employees working model and ability to collaborate, regulation, business models and distribution channels, to name a few examples. It changes the way businesses and people buy and consume. Digital disruption changes the way providers deliver their products and services. say they have a “digital strategy,” only a portion of them have reached full deployment, while the remainder are in the early phases of understanding how to transform their businesses with the right product(s) and platform(s). There are many drivers contributing to the acceleration of digital transformation in enterprises. Some are reasonably new while others have been driving the change for a number of years. The primary drivers are:

Companies and governments alike are either proactively pursuing new opportunities that are enabled by the continued development and deployment of digital technologies, or they are being pulled more deeply into the digital world by their customers or other members of their ecosystem. Most of the market studies surveying CIOs converge and show that digital technologiesǾ– mobile, big data, analytics, the Internet of Things (IoT), artificial intelligence, cognitive computing, social media and cloud computingǾ – are already impacting their business. Although they show that most business executives

1. Cloud − “83% Of Enterprise Workloads Will Be In The Cloud ByǾ2020” (2) . Increasingly business leaders and IT leaders are looking to the cloud not only as a delivery mechanism for the solutions they have or wish to deploy, but as a source of new, highly scalable, highly elastic services that they can incorporate quickly into their business to drive both operating efficiency and new business opportunities for them. Furthermore, cloud has brought a shift toward subscription- based consumption of IT resources. Thus, the adoption of cloud, and its business models, has created a significant

(1) Gartner, Market Guide for HIP-enabling Technologies, Keith Guttridge, Elizabeth Golluscio, 29bJune 2017. (2) https://www.forbes.com/sites/louiscolumbus/2018/01/07/83-of-enterprise-workloads-will-be-in-the-cloud-by-2020/#56c0cf396261.

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AXWAY - 2017 REGISTRATION DOCUMENT