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EXACT HOLDING (ISIN : NL0000350361) |
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Exact participation AllLicense Holding B.V. privatized
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(04/11/09 17:53 CET)
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Delft - November 4, 2009 - Exact Group B.V. ("Exact") announces that its participation AllLicense Holding B.V. (trade name "AllSolutions") has been privatized in a transaction with Dolfin Capital B.V. ("Dolfin"), management and employees of AllSolutions.
AllSolutions, founded in 1987 and with offices in Woerden, the Netherlands, develops and sells WebSolutions QX, a web based “Software as a Service” ERP-service, targeted to support company processes of mid and large project driven organizations, professional association organizations, logistic oriented companies and education institutions. After having acquired a 70% interest in 2005, Exact acquired the remaining interest in AllSolutions in 2008. Over the past years it has become apparent that insufficient strategic synergies have materialized between Exact and AllSolutions, which has led Exact to decide, also in the interest of the customers and employees of AllSolutions, to sell the company.
Exact and Dolfin are convinced that AllSolutions’ future holds a better perspective when operating on a standalone basis than would be the case within the Exact organization. The transaction, partly cash and partly a subordinated loan, will not have a noticeable influence on Exact’s consolidated result.
“It feels good to know that with this transaction we have found a solid basis for the customers and employees of AllSolutions for the future and of course wish the management of AllSolutions success in realizing their further ambitions”, says Paul Ramakers, Managing Director Exact Region Netherlands.
"Through this privatization we can guarantee the continuity of our solution for our customers”, says Leo Koster, director of AllSolutions. ”Furthermore it allows us to extend the presence of AllSolutions in all of our focus areas with our “Software as a Service”. We have great confidence in the future of our business.’’
“With AllSolutions we again added a great IT-company to our portfolio”, say Niels Ruigrok and Patrick Paardenkooper, partners of Dolfin Capital. “The fact that management and employees co-invest in the business demonstrates their commitment and faith in the success of AllSolutions.”
About Dolfin
Dolfin Capital is a Dutch, independent investment company, which supports energetic and competent management in realizing their ambitions in terms of management buy-out, buy-in or expansion of their company.
In its portfolio, Dolfin has other participations in the IT-sector: SPS, “Dè specialist in ICT Beheer” (www.sps.nl).
About Exact Software
Established in 1984, Exact Software is one of the world’s leading providers of business software solutions. Its integrated solutions comprise traditional enterprise resource planning (ERP) as well as related software solutions such as human resource management (HRM), customer relationship management (CRM), corporate performance management (CPM), project management and electronic workflow.
Exact Software is headquartered in Delft, the Netherlands and has offices in Europe; the Middle East; North, Central and South America; Asia, Australia and Africa. With around 2,400 employees, subsidiaries in more than 40 countries, and solutions available in 40 languages, Exact currently serves customers in more than 125 countries.
Revenues in 2008 amounted to € 261.0 million. Exact Holding N.V. has been listed on Euronext Amsterdam since June 1999. For further information about Exact Software visit www.exactsoftware.com.
For further information
Dolfin
Patrick Paardenkooper / Niels Ruigrok
Tel: +31 (0)6 5134 9852 or +31 (0)6 2036 7713
e-mail: patrick.paardenkooper@dolfincapital.com: niels.ruigrok@dolfincapital.com Exact Software
Media Relations
Edelman
Anneloes Roeleveld
e-mail: anneloes.roeleveld@edelman.com
Tel: +31 (0) 20 3010980 or +31(0)6 2085 5789
Investor Relations
Jeroen Bruins Slot
Tel: +31 (0)15 7501408 or +31 (0)6 2666 3660
e-mail: ir@exactsoftware.com
Exact Holding N.V.
Poortweg 6
2612 PA Delft
P.O. Box 5066
2600 GB Delft
The Netherlands
www.exactsoftware.com
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Source : Exact Holding N.V.
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Fournisseur : MyListing.euronext.com
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