{
 "as_of": "2026-11-06",
 "cmr": "de-cm-kg/XETRA/PSAN",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# PSI SOFTWARE SE NA O.N. (Xetra: PSAN) — research page\n\nAs of 2026-11-06 · de-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is PSI SOFTWARE SE NA O.N., listed on Xetra under ticker PSAN, with ISIN DE000A0Z1JH9 and LEI 529900OS5AIRXC3T2J37. Its security type is Corporate, its segment is DEUTSCHLAND, and its jurisdiction is Germany (Handelsregister HRB). The sector is not on the record. Its listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 2 filings on 2 filing days in the twelve months to 2026-11-06, of which 1 is corporate news and 1 is a major holder notice. The median gap between filing days is 55 days. The latest filing is dated 2026-09-08 and is corporate news, 59 days before the record date. The Xetra exchange median is 22.8 days for cadence, 6 filings, and 5.5 days latency, across 419 issuers. The sector median is not on the record.\n\n## Auditor\n\nThe auditor is not on the record. The record carries only the annual report link, which is a source link and not a read. The auditor location and any auditor changes are not on the record.\n\n## Events and halts\n\nListing, delisting, name change, domicile change and segment move are not on the record, as this register has no lifecycle type map yet. The halt flag is listed, not halted.\n\n## Orderability\n\nThe outcome is ACM-200 for Professionelle Kunden, Privatkunden and Geeignete Gegenparteien, and it is determinable for each. The rule version is acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nNo research houses were found on the issuer's investor-relations page.\n\n## Open research\n\nThe record holds 7 openly published research notes. Quirin Privatbank Equity Research has notes dated 2025-11-04, 2025-03-28 and 2024-11-28. First Berlin has notes dated 2025-11-04 and 2025-04-25. Dr. Kalliwoda Research GmbH has notes dated 2025-06-16 and 2024-12-06.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe market is not sealed. No issuer years are sealed, no market earliest sealed date is recorded, and the live record began is not on the record.\n\n## Sources\n\n14 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (identity.exchange)\n- https://api.gleif.org/api/v1/lei-records/529900OS5AIRXC3T2J37 (identity.jurisdiction)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://mcp.de-cm-kg.ai/events/XETRA/PSAN (the disclosure lines)\n- https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list (the halt flag)\n- https://mcp.de-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://www.psi.de/fileadmin/downloads/de/unternehmen/investor_relations/analystenbewertungen/Quirin_04.11.2025.pdf (open research)\n- https://www.psi.de/fileadmin/downloads/de/unternehmen/investor_relations/analystenbewertungen/First_Berlin_04.11.25e.pdf (open research)\n- https://www.psi.de/fileadmin/downloads/de/unternehmen/investor_relations/analystenbewertungen/Kalliwoda16.06.25e.pdf (open research)\n- https://www.psi.de/fileadmin/downloads/de/unternehmen/investor_relations/analystenbewertungen/First_Berlin_25.04.25e.pdf (open research)\n- https://www.psi.de/fileadmin/downloads/de/unternehmen/investor_relations/analystenbewertungen/Quirin_28.03.2025.pdf (open research)\n- https://www.psi.de/fileadmin/downloads/de/unternehmen/investor_relations/analystenbewertungen/Kalliwoda06.12.24e.pdf (open research)\n- https://www.psi.de/fileadmin/downloads/de/unternehmen/investor_relations/analystenbewertungen/Quirin_28.11.2024.pdf (open research)\n- https://mcp.de-cm-kg.ai/record/XETRA/PSAN (the record)\n",
 "market": "DE",
 "node": "de-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the DE vintage is not sealed; the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "market": "DE",
    "reason": "Width 0 records the annual report link only (ORDER-015: source link, not a read)",
    "state": "not_on_record"
   },
   "auditor_firm_id": {
    "market": "DE",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "DE",
    "state": "not_on_record"
   },
   "changes": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "de-cm-kg/XETRA/PSAN",
  "coverage": {
   "count": 0,
   "houses": [],
   "pages_checked": [
    {
     "page": "https://www.psi.de/en/company/investor-relations",
     "result": "read: 0 of 0 named houses found on the page"
    },
    {
     "page": "https://www.psi.de/uploads/media/Quirin_12.06.2024.pdf",
     "result": "not readable by this rail (404)"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": null,
   "state": "none_found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 419,
     "median_cadence_gap_days": 22.8,
     "median_filings": 6,
     "median_latency_days": 5.5,
     "name": "Xetra"
    },
    "sector": {
     "market": "DE",
     "state": "not_on_record"
    }
   },
   "by_type": {
    "corporate_news": 1,
    "major_holder": 1
   },
   "cadence_median_gap_days": 55,
   "filing_days": 2,
   "filings": 2,
   "latency_days": 59,
   "latest": [
    {
     "category": "corporate",
     "date": "2026-09-08",
     "source": "https://www.eqs-news.com/news/corporate/psi-enters-into-a-delisting-agreement-with-warburg-pincus-warburg-pincus-announces-public-delisting-acquisition-offer-for-psi-software-se/fa01d26d-b5d3-43ea-acce-5108669d34ce",
     "title": "PSI enters into a Delisting Agreement with Warburg Pincus; Warburg Pincus announces public delisting acquisition offer for PSI Software SE | Corporate - EQS News",
     "type": "corporate_news"
    },
    {
     "category": "voting-rights",
     "date": "2026-07-15",
     "source": "https://www.eqs-news.com/news/voting-rights/warburg-pincus-bermuda-private-equity-gp-ltd-hamilton-bermuda/0b050b30-5053-4d6b-9966-47a20f5e2474_en",
     "title": "PSI Software SE Warburg Pincus (Bermuda) Private Equity GP Ltd ...",
     "type": "major_holder"
    }
   ],
   "latest_filing_date": "2026-09-08",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.de-cm-kg.ai/events/XETRA/PSAN",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "Xetra"
   },
   "isin": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "confirmed",
    "value": "DE000A0Z1JH9"
   },
   "jurisdiction": {
    "read_by": "GLEIF LEI record (LEI per the LEI column) (registeredAs)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://api.gleif.org/api/v1/lei-records/529900OS5AIRXC3T2J37",
    "state": "sourced",
    "value": "Germany (Handelsregister HRB)"
   },
   "lei": {
    "read_by": "GLEIF ISIN-to-LEI mapping file (daily), LEI by exact ISIN",
    "read_date": "2026-11-09",
    "read_date_basis": "the field",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download (ISIN DE000A0Z1JH9)",
    "state": "sourced",
    "value": "529900OS5AIRXC3T2J37"
   },
   "name": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "PSI SOFTWARE SE NA O.N."
   },
   "sector": {
    "market": "DE",
    "reason": "the Xetra instruments file carries index membership, not a sector classification",
    "state": "not_on_record"
   },
   "security_type": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "DEUTSCHLAND"
   },
   "ticker": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "PSAN"
   },
   "website": {
    "market": "DE",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "DE",
  "node": "de-cm-kg",
  "numbers_hash": "sha256:b711f13263379fd04a1333d8924b0a49e2ce2e67e853fb4d4c07e914197f635c",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [
    {
     "date": "2025-11-04",
     "kind": "issuer-sponsored",
     "publisher": "Quirin Privatbank Equity Research",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.psi.de/fileadmin/downloads/de/unternehmen/investor_relations/analystenbewertungen/Quirin_04.11.2025.pdf",
     "state": "sourced",
     "title": "PSI Software AG"
    },
    {
     "date": "2025-11-04",
     "kind": "issuer-sponsored",
     "publisher": "First Berlin",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.psi.de/fileadmin/downloads/de/unternehmen/investor_relations/analystenbewertungen/First_Berlin_04.11.25e.pdf",
     "state": "sourced",
     "title": "PSI SE"
    },
    {
     "date": "2025-06-16",
     "kind": "issuer-sponsored",
     "publisher": "Dr. Kalliwoda Research GmbH",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.psi.de/fileadmin/downloads/de/unternehmen/investor_relations/analystenbewertungen/Kalliwoda16.06.25e.pdf",
     "state": "sourced",
     "title": "PSI Software SE"
    },
    {
     "date": "2025-04-25",
     "kind": "issuer-sponsored",
     "publisher": "First Berlin",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.psi.de/fileadmin/downloads/de/unternehmen/investor_relations/analystenbewertungen/First_Berlin_25.04.25e.pdf",
     "state": "sourced",
     "title": "PSI SE"
    },
    {
     "date": "2025-03-28",
     "kind": "issuer-sponsored",
     "publisher": "Quirin Privatbank Equity Research",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.psi.de/fileadmin/downloads/de/unternehmen/investor_relations/analystenbewertungen/Quirin_28.03.2025.pdf",
     "state": "sourced",
     "title": "PSI Software AG"
    },
    {
     "date": "2024-12-06",
     "kind": "issuer-sponsored",
     "publisher": "Dr. Kalliwoda Research GmbH",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.psi.de/fileadmin/downloads/de/unternehmen/investor_relations/analystenbewertungen/Kalliwoda06.12.24e.pdf",
     "state": "sourced",
     "title": "PSI Software SE"
    },
    {
     "date": "2024-11-28",
     "kind": "issuer-sponsored",
     "publisher": "Quirin Privatbank Equity Research",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.psi.de/fileadmin/downloads/de/unternehmen/investor_relations/analystenbewertungen/Quirin_28.11.2024.pdf",
     "state": "sourced",
     "title": "PSI Software AG"
    }
   ],
   "state": "found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [
    "Professionelle Kunden",
    "Privatkunden",
    "Geeignete Gegenparteien"
   ],
   "outcomes": {
    "Geeignete Gegenparteien": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "Privatkunden": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "Professionelle Kunden": {
     "determinable": true,
     "signal": "ACM-200"
    }
   },
   "read": {
    "basis": "one live read per instrument class, halt state and client category on this market; this issuer's group",
    "chapter": "https://mcp.de-cm-kg.ai/book/aio.json",
    "door": "https://mcp.de-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "rule_version": "acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1",
   "section": "de.aio.v13"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.de-cm-kg.ai/record/XETRA/PSAN",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-09",
   "source": "https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:b711f13263379fd04a1333d8924b0a49e2ce2e67e853fb4d4c07e914197f635c",
 "path": "/de/XETRA/PSAN",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is PSI SOFTWARE SE NA O.N., listed on Xetra under ticker PSAN, with ISIN DE000A0Z1JH9 and LEI 529900OS5AIRXC3T2J37. Its security type is Corporate, its segment is DEUTSCHLAND, and its jurisdiction is Germany (Handelsregister HRB). The sector is not on the record. Its listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 2 filings on 2 filing days in the twelve months to 2026-11-06, of which 1 is corporate news and 1 is a major holder notice. The median gap between filing days is 55 days. The latest filing is dated 2026-09-08 and is corporate news, 59 days before the record date. The Xetra exchange median is 22.8 days for cadence, 6 filings, and 5.5 days latency, across 419 issuers. The sector median is not on the record.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor is not on the record. The record carries only the annual report link, which is a source link and not a read. The auditor location and any auditor changes are not on the record.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "Listing, delisting, name change, domicile change and segment move are not on the record, as this register has no lifecycle type map yet. The halt flag is listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome is ACM-200 for Professionelle Kunden, Privatkunden and Geeignete Gegenparteien, and it is determinable for each. The rule version is acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "No research houses were found on the issuer's investor-relations page.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "The record holds 7 openly published research notes. Quirin Privatbank Equity Research has notes dated 2025-11-04, 2025-03-28 and 2024-11-28. First Berlin has notes dated 2025-11-04 and 2025-04-25. Dr. Kalliwoda Research GmbH has notes dated 2025-06-16 and 2024-12-06.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The market is not sealed. No issuer years are sealed, no market earliest sealed date is recorded, and the live record began is not on the record.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "14 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://api.gleif.org/api/v1/lei-records/529900OS5AIRXC3T2J37"
  },
  {
   "for": "identity.lei",
   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.de-cm-kg.ai/events/XETRA/PSAN"
  },
  {
   "for": "the halt flag",
   "source": "https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.de-cm-kg.ai/book/aio.json"
  },
  {
   "for": "open research",
   "source": "https://www.psi.de/fileadmin/downloads/de/unternehmen/investor_relations/analystenbewertungen/Quirin_04.11.2025.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.psi.de/fileadmin/downloads/de/unternehmen/investor_relations/analystenbewertungen/First_Berlin_04.11.25e.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.psi.de/fileadmin/downloads/de/unternehmen/investor_relations/analystenbewertungen/Kalliwoda16.06.25e.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.psi.de/fileadmin/downloads/de/unternehmen/investor_relations/analystenbewertungen/First_Berlin_25.04.25e.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.psi.de/fileadmin/downloads/de/unternehmen/investor_relations/analystenbewertungen/Quirin_28.03.2025.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.psi.de/fileadmin/downloads/de/unternehmen/investor_relations/analystenbewertungen/Kalliwoda06.12.24e.pdf"
  },
  {
   "for": "open research",
   "source": "https://www.psi.de/fileadmin/downloads/de/unternehmen/investor_relations/analystenbewertungen/Quirin_28.11.2024.pdf"
  },
  {
   "for": "the record",
   "source": "https://mcp.de-cm-kg.ai/record/XETRA/PSAN"
  }
 ],
 "title": "PSI SOFTWARE SE NA O.N. (PSAN) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}