InVision AG

Share Issue/Capital Change • May 15, 2007

News Details

Corporate | 15 May 2007 17:12

InVision Software AG: InVision intends to go public

InVision Software AG / IPO

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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• Leading international software firm
• To be admitted to trading on the Prime Standard

Ratingen, 15 May 2007 - InVision Software AG, located in Ratingen near
Düsseldorf, intends to begin trading on the Prime Standard of the Frankfurt
Stock Exchange within the first six months of 2007. With the proceeds from
the IPO, InVision, which is specialised in developing solutions for
optimising workforce management, intends to establish itself more solidly
as well as to expand its market position and its technological edge. 'Our
applications cut a company’s costs and enhance employees’ productivity and
satisfaction. The investment for our customers is usually amortised after 6
to 12 months,' said founder and CEO Peter Bollenbeck.

The market for workforce management is relatively new, has been showing
rapid growth and still offers greater potential, as shown in the findings
of studies conducted by leading market-research firms such as Frost &
Sullivan and AMR Research. In InVision’s core markets, average growth rates
range from 16.0 to 20.5 percent per year in a time frame from 2005 to 2010.

InVision’s core business consists in developing, marketing and implementing
software applications to support enterprises in optimising the deployment
of their staff. InVision’s solutions for optimising staff deployment cover
the entire spectrum of workforce management – from forecasting personnel
needs, improving personnel deployment procedures and time management to
analysing and regulating them. They cover entire enterprises and can be
used in many different sectors. InVision’s solutions can be distinguished
from those of its competitors by their highly developed mathematical
optimisation procedures. 'This is where we are leading the market,' said
Matthias Schroer, CTO at InVision. 'Setting up a duty plan for a company’s
personnel represents a mathematical optimisation problem that our
applications can resolve in the best possible way, thanks to our more than
ten years of experience in this sector. Such complex calculations have
first become possible at all for companies since the introduction of fast
computers,' Matthias Schroer added.

The daily problems arising in planning for personnel placement include a
proper combination of employees, working hours and activities that comply
with any and all planning rules and regulations while offering optimum
coverage of needs. In addition to legal and wage-agreement or other
contractual regulations, there are also largely pronounced preferences and
restrictions in assigning employees, demands for certain qualifications as
well as other general requirements such as, for example, car pools, working
hours accounts or budget restrictions. 'An optimum duty plan not only cuts
costs for an enterprise as the right number of employees is always active,
but also provides for satisfied customers, who, for example, no longer have
to wait in queues to check out and for motivated employees, whose wishes
for working hours can be taken into account as best as possible,' explained
Peter Bollenbeck.

InVision is growing faster than the market. In fiscal year 2006 (31/12/),
it succeeded in increasing its turnover by approx. 68 percent to Euro 10.7
million (Euro 6.4 million last year). Its EBIT margin amounted to 18
percent. Founded in 1995, InVision began internationalising in 1999 and
today is represented by 11 subsidiaries in Europe, North America and South
Africa in addition to its headquarters in Ratingen near Düsseldorf. 'In
recent years, we have massively invested in expanding our worldwide
marketing. Now we are reaping the benefits,' said Peter Bollenbeck and
added: 'Our products are all multi-language, open for local regulations and
thus internationally utilisable without further ado. This also
distinguishes us from our competitors.'

The founders, Peter Bollenbeck, Matthias Schroer and Armand Zohari, each
own 25 percent of InVision Software AG. InVision Holding GmbH, one-third of
which is held by each of the founders, owns about 24 percent. Employees in
middle management hold about 1 percent.

The IPO is being supported by WestLB AG as the sole lead manager and sole
book runner. Co-lead manager is M.M.Warburg & CO.

InVision at a glance:
InVision Software is one of the leading suppliers of enterprise wide
Workforce Management solutions, which enable companies to optimise planning
and scheduling of their staff. InVision empowers customers to reduce
personnel costs, advance productivity, improve employee satisfaction and to
boost revenue by leveraging better customer service. Founded in 1995 with
its headquarters in Ratingen (Germany), InVision currently employs more
than 120 WFM specialists and has offices across Europe, North America and
South Africa. Among InVisions clients are numerous international blue chip
companies, such as ABN AMRO, Allianz, BMW, Deutsche Telekom, IKEA, Sky and
Vodafone.

For more information, please visit us at www.invisionwfm.com

This publication does not constitute an offer to sell or a solicitation of
an offer to buy or subscribe for any securities. No offer of securities of
InVision Software AG is being, or will be, made to the public outside
Germany. A prospective offer in Germany would be made exclusively by means
of a securities prospectus to be published and filed with the Bundesanstalt
für Finanzdienstleistungsaufsicht. Such securities prospectus would at the
appropriate time made available free of charge at the offices of InVision
Software AG, at the offices of the underwriting banks.
This publication and the information contained therein is not for
distribution or publication, neither directly nor indirectly, in or into
the Unites States of America, Canada, Australia or Japan.
This publication does not constitute an offer for sale of any securities
into the United States. Securities, including any shares of InVision
Software AG in the course of a prospective offer, may not be offered or
sold in the United States or to, or for the account or benefit of, US
persons (as such term is defined in Regulation S under the Securities Act
of 1933 as amended (the 'Securities Act')) unless they are registered under
the Securities Act or exempt from registration. Neither InVision Software
AG nor any potential selling shareholders intend to register a prospective
offer, or any part thereof, in the United States or to make a public offer
of securities in the United States.

DGAP 15.05.2007