Not true at all. There are not many high profile IT companies in Germany, true. But there are countless companies that produce A TON of software (Daimler, Siemens, Bosch, ThyssenKrupp, Continental, Schaeffler, Infineon, EADS, Rohde+Schwarz to name only a few). This software is crucial to industries all around the world, it just isn't visible like things coming from Microsoft et al.