NorCom Information Technolgoy GmbH & Co. KGaA

M&A Activity • Sep 13, 2002

News Details

Ad-hoc | 13 September 2002 10:01

NorCom Info. Tech. AG english

NorCom to restructure collaboration with Dresdner Bank Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– — Guaranteed new order volume of EUR 6 – 7 million until end of 2003 — Munich, September 13, 2002 – NorCom Information Technology AG, Munich, has decided in conjunction with Dresdner Bank AG, Frankfurt/Main, to restructure the joint activities hitherto handled via DreTec Software Ltd., Dublin. Starting with the end of 2002, business from the Dresdner Bank Group will be handled directly by NorCom Information Technology AG. The agreement signed provides for an order guarantee for the Irish DreTec joint venture of EUR 4.3 million, of which NorCom will consolidate roughly EUR 2 million in fiscal 2002 in accordance with the size of its share in DreTec. In addition, a further order guarantee of EUR 4 – 5 million has been agreed upon for NorCom Information Technology AG for the period commencing September 2002 and ending December 2003. As a result, total guaranteed new business is valued at between EUR 6 and 7 million. The greater efficiency derived from this restructuring will allow both sides to achieve cost advantages in their continued joint activities. This marks a further step in the strategy which NorCom adopted last year of pooling operative business on the level of the parent company and focusing on the German-speaking market. Approx. 1,300 characters You can download this text straight from NorCom’s website at: http://www.norcom.de /en/presse/adhoc_info_2002.htm end of ad-hoc-announcement (c)DGAP 13.09.2002 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: With offices in Germany, Ireland, Italy, Norway and the United States, NorCom Information Technology AG is one of the leading solution providers for secure e- business. Listed on the Neuer Markt segment of the Frankfurt stock exchange (securities code number 525030), it offers European Top 100 customers individual consulting services and proprietary software solutions on a single-stop basis. Its range encompasses the development and operation of complex secure IT structures as well as the integration of business processes in secure e-business solutions. In addition, NorCom’s NGS product family offers security software for large heterogeneous client/server infrastructures, application server environments and modern netcentric web architectures. Its customers particularly include companies in the financial-services, telecommunications, industrial and public sectors. With its 290 employees, NorCom posted revenues of EUR 32.5 million in its fiscal year 2001. For more information please contact: NorCom Information Technology AG Christa Maurer (Corporate Communication) Stefan-George-Ring 23 – D-81929 Munich, Germany Phone +49-89-939 48 248 – Fax +49-89-939 48 123 press@norcom.de – http://www.norcom.de ——————————————————————————– WKN: 525030; ISIN: DE0005250302; Index: Listed: Neuer Markt Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München, Hannover und Stuttgart 131001 Sep 02