DGAP-News: EASY SOFTWARE AG: EASY takes over another 30% of shares in EASY SOLUTIONS GmbH, Salzburg
(firmenpresse) - EASY SOFTWARE AG / Key word(s): Acquisition
15.09.2010 16:16
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Mülheim an der Ruhr (Germany), September 15, 2010 - On September 9, 2010,
EASY SOFTWARE AG, noted on the General Standard of the Frankfurt Stock
Exchange (ISIN DE0005634000, Ticker: ESY), took over another 30% of shares
in its Austrian subsidiary EASY SOLUTIONS Archivierungs- und
Informationssysteme GmbH of Salzburg. The previous shareholdings by EASY
SOFTWARE AG amounted to 70%.
EASY SOLUTIONS emerged as an EASY distributor in 1994 to install a partner
sales&distribution channel covering Austria. Since the financial year
2005 it has been fully consolidated within the consolidated financial
statement of EASY SOFTWARE AG. In tandem with its partners, EASY SOLUTIONS
has previously implemented about 600 customer installations in Austria. In
the first half of 2010, EASY SOLUTIONS achieved a net income for the period
amounting to EUR 45 thousand, with sales amounting to EUR 445 thousand.
Commenting on the takeover, Gereon Neuhaus, CEO of EASY SOFTWARE AG, says:
'Since initial consolidation within the EASY Group, our Austrian subsidiary
has continuously achieved positive contributions to earnings at increasing
profit margins. Increasing the shareholdings to 100% is another component
of our consolidation strategy that will contribute towards improving our
return on sales, as well as towards continued positive development of the
EASY Group. Moreover, the complete takeover of EASY SOLUTIONS offers us an
excellent basis for further expansion of business in Austria and Eastern
Europe.'
About EASY SOFTWARE
Established in 1990, EASY SOFTWARE AG has since been focusing on electronic
document and data archiving, as well as document and content management.
EASY SOFTWARE captures any type of bulk data, structuring and organizing
document flow. It ensures revision-proof long-term archiving and holds
contents and information ready enterprise-wide regardless of time and
location. This eliminates the need for long searches, the result being no
data loss and paper inundation in overflowing archive shelves.
With more than 10,000 customer installations, EASY SOFTWARE AG of Mülheim
an der Ruhr (Germany) is a leading developer and provider of multi-platform
solutions in the electronic archiving, document management and enterprise
content management sectors.
Mülheim an der Ruhr/Germany - September 15, 2010
The Management Board
15.09.2010 16:16 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: EASY SOFTWARE AG
Am Hauptbahnhof 4
45468 Mülheim an der Ruhr
Deutschland
Phone: +49(0) 208 450 16-0
Fax: +49(0) 208 450 16-90
E-mail: investor(at)easy.de
Internet: www.easy.de
ISIN: DE0005634000
WKN: 563400
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Hamburg, Düsseldorf, Berlin, Stuttgart
End of Announcement DGAP News-Service
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Datum: 15.09.2010 - 16:16 Uhr
Sprache: Deutsch
News-ID 32194
Anzahl Zeichen: 0
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Kategorie:
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