Pros
I spent >10 years at Software AG - moving between different roles, and growing my skills and my career. When things work, the company can be a great learning opportunity and a great place to work. The people and teams I worked with were nearly all great - one of the most collaborative environments I've encountered was at Software AG. A genuine belief in people and desire to do the right thing - even when the implementation didn't go quite right.
Cons
With the Silver Lake take-private in 2023, the company changed A LOT. I cannot emphasise this enough. Management style became much more ruthless (rounds of layoffs) and many products have been (or are being) sold/divested - webMethods sale to IBM, and Cumulocity has been announced as a spinoff as well. There's a lot of change going on, so make sure you're aware of this going in. It's not necessarily a bad thing, but it's not "comfortable". The company needed streamlining and modernising in many areas, moving forwards from a perpetual-license, finance-driven organisation - a lot of work had been done but the company is still playing catch-up. Not a fast adopter of new technologies - missed the beginning of Cloud and was slow to start on AI opportunities as well. The yearly release cycle is very dated and contributes to this.