DGAP-News: COR&FJA AG: COR&FJA is acquiring 74.3 per cent of the shares in Metris GmbH
(firmenpresse) - DGAP-News: COR&FJA AG / Key word(s): Mergers&Acquisitions
COR&FJA AG: COR&FJA is acquiring 74.3 per cent of the shares in Metris
GmbH
21.06.2011 / 07:53
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COR&FJA is acquiring 74.3 per cent of the shares in Metris GmbH
(Leinfelden-Echterdingen, 21 June 2011) - The software and consulting
company COR&FJA AG is acquiring a total of 74.3 per cent of the shares in
Metris GmbH, St. Georgen. The purchase price for the shares is EUR 370,000.
For the acquisition of the remaining nearly 26.7 per cent of shares in five
years' time, a purchase price has been agreed commensurate with the
company's average operating earnings expected in this five-year period.
In German-speaking countries, Metris GmbH is one of the leading providers
of standard software solutions for claims management in conjunction with
composite insurance. The company has developed a back-office solution for
the management and regulation of damage claims and supplies software for
closing claims via external damage settlements by representatives in the
field. This provides support for the complete claims process from defining
the damage through to active claims management and closure of the claim.
Metris also offers a Business Intelligence (BI) solution for the planning
and reporting of every aspect of an insurance company's performance,
including simulations within very short time frames. With the integrated
functionality to replicate balance-score card and risk management
applications, all insurance requirements in the field of BI can be
conveniently mapped by a single tool. Metris products are used by
well-known insurance companies, such as Allianz, ERGO, R+V, the Zurich
Group in Germany and Switzerland, KKH Allianz, VPV and Signal Iduna. The
products offered by Metris will optimally supplement the COR.FJA Insurance
Suite, particularly with respect to non-life insurance, life assurance and
health insurance solutions.
About Metris
Metris GmbH has reported an average turnover in the past five financial
years of around EUR 6.2 million. The company currently has a workforce of
80 employed at the St. Georgen and Hilden sites. The core competences of
the software company, which was hived off in 1999 from a leading Allfinanz
company, are component-based IT solutions for insurance companies and
banks. Equipped with a high level of expertise and technical knowledge,
Metris develops standardised turnkey components and individual software
solutions and provides consulting services for customers on claims
management, corporate performance management and business process
management.
About COR&FJA
The COR&FJA Group is one of the leading software and consulting companies
for the European financial services industry, focusing on insurance
companies, banks and providers of company pension funds. The service
spectrum ranges from standard software and provision of consultancy
services to the takeover of IT operations (Application Service Providing).
The COR&FJA Group, which has its head office in Leinfelden-Echterdingen and
offices in Munich, Düsseldorf, Hamburg, Kiel and Cologne, as well as
subsidiaries in the Netherlands, Austria, Switzerland, Slovakia, Slovenia,
Portugal and the US, currently employs nearly 1,000 staff.
Contact
COR&FJA AG
Corporate Communications
Humboldtstraße 35
70771 Leinfelden-Echterdingen
Tel. +49 711 94958-0
E-mail: investor.relations?(at)?cor.?fja.com
Internet: www.cor.fja.com
WKN 513010, ISIN DE0005130108
Stock exchange centres: regulated market in Frankfurt (Prime Standard);
open market in Berlin, Düsseldorf, Hamburg, Stuttgart
End of Corporate News
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21.06.2011 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: COR&FJA AG
Humboldtstraße 35
70771 Leinfelden-Echterdingen
Deutschland
Phone: +49 (0)711 94958-0
Fax: +49 (0)711 94958-49
E-mail: investor.relations(at)cor.fja.com
Internet: www.cor.fja.com
ISIN: DE0005130108
WKN: 513010
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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129232 21.06.2011
Datum: 21.06.2011 - 07:53 Uhr
Sprache: Deutsch
News-ID 34436
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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