InVision AG

M&A Activity • Jan 14, 2009

News Details

Corporate | 14 January 2009 16:56

InVision Software AG Establishes New Branch for Strategic Labour Management Consulting

InVision Software AG / Contract/Alliance

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.

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• Acquisition of a 51 per cent majority stake in U.S. consulting company
• Strengthening of consulting expertise on the market for workforce
  management solutions

Ratingen (Germany), 14 January 2009 – With the founding of the holding
company InVision Consulting International GmbH, InVision Software AG (ISIN:
DE0005859698), a world-leading supplier of enterprise-wide workforce
management solutions, establishes a new branch for strategic labour
management consulting. In the course of building the new consulting branch,
the holding company has acquired the majority stake of 51 per cent in the
operational business of the North-American consulting company Core Practice
Partners LLC, with retroactive effect from 2 January 2009. Both parties
agreed not to disclose the purchasing price.

Peter Bollenbeck, CEO of InVision Software AG, comments: 'The acquisition
of the majority stake in Core Practice strengthens our consulting expertise
in the market of workforce management solutions, especially in the
North-American market. The consultants of Core Practice have expertise
backed by strong experience in a wide variety of industries with an
emphasis on optimising shift worker based operations. In particular, the
call centre, mining and manufacturing sectors, especially the food
processing industry, are areas of strength for Core Practice. Thus,
InVision Software will benefit from the professional experience of Core
Practice in these sectors as well as from their overall expert knowledge in
operations consulting.'

John Frehse, Managing Partner of Core Practice, adds: 'Core Practice is
proud to team up with InVision. We are excited to have the opportunity to
work with a team of proven leaders in the workforce management field to
implement our strategic services. We look forward to providing our services
to InVision customers and helping these customers quickly capture
substantial cost savings which is so crucial in the current economic
climate.'

Core Practice Partners LLC, based in New York and Chicago, is a consulting
company specialising in strategic labour management consulting. The company
was founded by Ethan Franklin and John Frehse in 2005. Both of them have
more than ten years of experience in operations management consulting with
the objective of optimising workforce management processes. Core Practice‘s
methodology includes analysing operations, shift schedules, labour strategy
and labour costs as well as employee surveys and the planning and execution
of an implementation programme including change management strategies. Core
Practice identifies and implements cost savings and profit making
opportunities such as introducing flexible shift schedules and minimising
idle time and overtime, while working with employees to gain their buy-in
to make sure changes stick. Among the clients of Core Practice are major
international corporations, such as Kraft Foods, Nestlé, BMW and Dannon of
the Danone Group.

The consulting company will prospectively operate under the name of Core
Practice LLC and will be based in Lisle, Illinois, one of the
North-American locations of the InVision Group.

About InVision Software:
InVision Software is a world-leading supplier of enterprise-wide workforce
management (WFM) solutions which enable companies to optimise their staff
planning and scheduling processes. InVision empowers customers to reduce
personnel costs, increase productivity, improve employee satisfaction and
to boost revenue by leveraging better customer service. Founded in 1995 and
based in Ratingen (Germany), InVision currently employs more than 230 WFM
specialists and has offices across Europe, North America, and South Africa.
InVision Software AG (IVX) is listed in the Prime Standard Segment of the
Frankfurt Stock Exchange. Among InVision's clients are numerous
international blue chip companies, such as ABN Amro, Allianz, BMW, Deutsche
Telekom, IKEA, Sky and Vodafone.
Further information at: www.invisionwfm.com

Contact:
Jutta Handlanger,
Head of Corporate Communications,
InVision Software AG,
Halskestrasse 38,
40880 Ratingen (Germany),
phone: +49 (0)2102 728-444,
fax: +49 (0)2102 728-111,
email: ir@invision.de

14.01.2009 Financial News transmitted by DGAP

Language: English
Issuer: InVision Software AG
Halskestraße 38
40880 Ratingen
Deutschland
Phone: +49 (0)2102 / 728-0
Fax: +49 (0)2102 / 728-111
E-mail: info@invision.de
Internet: www.invision.de
ISIN: DE0005859698
WKN: 585969
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Düsseldorf, München, Stuttgart

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