USU Software AG — M&A Activity 2002

Oct 30, 2002

News Details

Ad-hoc | 30 October 2002 08:31

USU-Openshop AG english

USU-Openshop and Dovest found joint company Quantum Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– USU-Openshop and Dovest found joint company Quantum · 30 per cent participation by USU-Openshop in renowned SAP-consultancy · Integration expertise in SAP systems ideal portfolio supplement Möglingen/Dortmund, October 30, 2002. The participation company Dovest, headquartered in Dortmund and the USU-Openshop Group, from Möglingen, have agreed a joint venture. Quantum Solutions GmbH, headquartered in Dortmund, is their joint subsidiary. For this purpose, the Swabian software company will acquire a 30 per cent stake with the option to take over the company fully at a later date. Thus the operations of the former Quantum GmbH, which Dovest recently acquired from Comline AG, are provided with a new base. In SAP circles Quantum is considered a strong brand and it generates positive results. Quantum has a strong customer presence in the provision of financial services and in local government, as does USU-Openshop. Both parties have agreed to confidentiality regarding the details of the participation. With its SAP product expertise and its long-standing practical experience in consultancy and the project business with SAP/R3-based solutions, USU-Openshop is supplementing its product and services portfolio by an important segment, regularly requested by customers, through the strategic acquisition of these assets. end of ad-hoc-announcement (c)DGAP 30.10.2002 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: Möglingen/Dortmund, October 30, 2002. The participation company Dovest, headquartered in Dortmund and the USU-Openshop Group, from Möglingen have agreed a joint venture. Quantum Solutions GmbH is their joint subsidiary. For this purpose, the Swabian software company will acquire a 30 per cent stake with the option to take over the company fully at a later date. With its SAP product expertise and its long-standing practical experience in consultancy and the project business with SAP/R3-based solutions, USU-Openshop is supplementing its product and services portfolio with an important segment, regularly requested by customers, through the acquisition of these assets. The shareholders Dovest and USU-Openshop intend to further develop the business of Quantum to provide a holistic offer to their customers. In SAP circles, Quantum has enjoyed a strong image for many years and generates positive results. Quantum has a strong customer presence in the provision of financial services and in local government, as does USU-Openshop. Both parties have agreed to confidentiality regarding the details of the participation. The competencies of the SAP consultancy present an ideal supplement to the areas of Business Solutions and IT-Controlling of USU-Openshops operating business. The company concretely deals with the integration of front-end systems such as company portals with existing ERP systems or with the link of technical and business data as a complete IT-Controlling solution. Quantums existing customer base provides additional potential for the business of USU-Openshop. The subsidiary will be headquartered in Dortmund. “To us the participation in a well-known company in the SAP environment, such as Quantum, is an important strategic step in providing our customers with one- stop integration solutions in the future,” Klaus Bader, member of the Management Board of USU AG, comments on the decision which is compatible with market conditions. Roland Bracht, Chairman of the Management Board of Dovest AG, states his view quite simply: “Quantum wants healthy growth. In USU-Openshop we have gained the partner we had hoped for. Now it is time for implementation.” This press release can be called at http://www.usu-openshop.com. USU AG Unter dem Leitgedanken “Wissen ist Markt” entwickelt und vertreibt USU-Openshop ganzheitliche Lösungen, die Wissen und Prozesse in Unternehmen verbinden und damit zu einer nachhaltigen Steigerung der Wertschöpfung beitragen. Das aus der Openshop Holding AG und USU AG im März 2002 hervorgegangene Unternehmen bietet hierfür etablierte Strategien, Produkte und Services in den Geschäftsfeldern IT- Controlling und Business Solutions. Sie unterstützt Kunden dabei, IT-Kosten transparent zu managen und wissensintensive Kernabläufe durch maßgeschneiderte Anwendungen zu optimieren. In diesen Kompetenzbereichen nimmt die am Frankfurter Neuen Markt notierte Gesellschaft im deutschsprachigen Raum eine führende Stellung ein. Die Konzerntochter USU AG wurde 1977 gegründet und feiert aktuell ihr 25jähriges Firmenjubiläum. Langjährige Kundenbeziehungen verbinden USU-Openshop mit Marktführern in allen Bereichen der deutschen Wirtschaft. Die USU-Openshop- Gruppe beschäftigt derzeit an 10 Standorten über 300 Mitarbeiter. Wirtschaft. Weitere Informationen sind unter http://www.usu.de erhältlich. Dovest AG Experience, knowledge and contacts are the capital of successful companies. Dovest invests this capital into IT companies and accompanies these companies on a path of solid growth, in a spirit of partnership. Dovest actively supports its participations and opens up new potential to them. Dovest thinks on a long- term basis and acts value-oriented. The team around Roland Bracht, former Chairman of the Management Board of Comline AG and member of the Management Board of the industry association BITKOM, can fall back on a comprehensive network in the German IT industry. Further information is available at info@dovest.de. Contact: USU-Openshop AG Corporate Communications Dr. Thomas Gerick Phone: +49 (0) 71 41 / 48 67 440 Fax: +49 (0) 71 41/ 48 67 909 E-mail: t.gerick@usu-openshop.com USU-Openshop AG Investor Relations Falk Sorge Phone: +49 (0) 71 41 / 48 67 351 Fax: +49 (0) 71 41/ 48 67 108 E-mail: f.sorge@usu-openshop.com ——————————————————————————– WKN: 780470; ISIN: DE0007804700; Index: Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München und Stuttgart 300831 Okt 02