AXWAY_REGISTRATION_DOCUMENT_2017

AXWAY GROUP AND ITS BUSINESS ACTIVITIES History of Axway

CORPORATE RESPONSIBILITY

CORPORATE GOVERNANCE

CONSOLIDATED FINANCIAL STATEMENTS

2017 ANNUAL FINANCIAL STATEMENTS

CAPITAL AND AXWAY SOFTWARE STOCK

INFORMATIONS ADMINISTRATIVES ETbJURIDIQUES

COMBINED GENERAL MEETING OFb6bJUNEb2018

2001-2010: Axway, a subsidiary of Sopra

At the end of this cycle of acquisitions, the US share of the Company’s global revenue increased from 4% inǾ2005 to 30% inǾ2009. Along with this growth in revenue, there was a sharp increase in the Company’s customer base (+300Ǿnew customers with Cyclone Commerce and +2,200 with Tumbleweed), including major accounts in certain key sectors such as banking, the main supply chains (manufacturing, retail, logistics,Ǿetc.), the federal government and in particular the Department of Defense and tax authorities. Since 2011: Axway, a global independent software publisher Having acquired operational autonomy, Axway ensured its independent development and built up its own services. Axway consolidated its position as an independent software publisher with the completion of the plan to separate its activities from those of Sopra through a spin-off/stock market listing project approved at the General Meeting of 8 June 2011. Sopra retained a 26.27% stake in Axway's share capital. Axway’s IPO on Euronext Paris took place on 14 June 2011. Following the capital increase, Axway is now financially independent. With its unique position in the field of data exchange fromǾ2015, Axway started transforming its positioning towards digital engagement. To support its customers, the Group developed its product portfolio, on-premise and in the cloud. The acquisition of Vordel, Systar and Appcelerator enabled the Group to integrate the new API, Analytics and mobile technologies, while increasing the number of customers. Axway launched the AMPLIFY™ platform in NovemberǾ2016 and for the second year running, the American market topped the Group’s revenue chart. Sinceb2017: Business Model transformation Early 2017 Axway acquired Syncplicity, the leader in File Sharing and Secure collaboration with a large customer base of 25,000Ǿusers. Axway is adapting the company’s business model towards subscription business model. On December 31 st 2017, Axway published its Cloud revenue for the first year, with 14.4% growth and confirms its strategic positioning as a software editor for digital transformation with its Hybrid Integration Platform, AMPLIFY™. Sinceb2015: Commitment to Digital business

Spin-off and European development The name Axway, emerged in JanuaryǾ2001 with the spinoff of the Sopra’s software infrastructure division: the goal was to bring together, under the same company, the Group’s infrastructure software (notably the “Règle du Jeu” software and the CFT and InterPel Managed File Transfer tools)Ǿ– setting them apart from the application software segment (banking, real estate and HR sectors) owned by Sopra. This separation is a common practice in the software market. During this period, the two main objectives were to industrialize software development businesses and reach a significant position on the Europe market. BetweenǾ2001 andǾ2005, Axway doubled its customer base from 3,100 to 6,000. With the acquisition of Viewlocity inǾ2002, Axway stepped up its globalization. By the end ofǾ2005, it was present in most European countries and even had its first premises in the USA and Asia. The second step in Axway’s development was to align the Company’s geographical spread on the market, notably by significantly developing its operations and presence in the USA (accounting for over half of the market, while the share of Axway’s revenue from the USA was only 4% inǾ2005). Another ambition for Axway during this period was to become a leader in certain specific market segments: those of Managed File Transfer (MFT) and Business-to-Business (B2B) integration. This objective was achieved as ofǾ2009, with Axway positioned as a leader in these segments with the principal market analysts. This development and leadership was achieved through the strategy based on Synchrony™, a comprehensive business interactionmanagement platform, as well as through the following acquisitions: ● Cyclone Commerce inǾ2006: Axway’s Executive Management was transferred to the USA, and English became the Group’s working language; ● the B2B software business of Atos Origin in Germany inǾ2007, making Axway a leader in the automobile sector; ● Tumbleweed Communications inǾ 2008: this acquisition consolidated Axway’s position on the North American market, giving it the green card it needed in order to be accepted by the major firms in the region. North American development and market leadership

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AXWAY - 2017 REGISTRATION DOCUMENT

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