Prodware and Qurius enter into exclusive discussions
(Thomson Reuters ONE) -
Qurius issues new shares to Prodware
ZALTBOMMEL/PARIS - February 8th, 2011 - Prodware in France and Qurius N.V. in
the Netherlands today announced that they have entered into exclusive
discussions. Qurius will issue 11 million new shares to Prodware. Existing
shareholders will not be given pre-emptive rights to acquire the newly issued
shares. The issued shares represent around 10% of Qurius' share capital. This
will reinforce Qurius' equity position with ? 2.5 million. The outcome of the
exclusive discussions will be presented to the shareholders within a period of
7 months at the latest.
The cooperation between Prodware and Qurius matches perfectly the strategies of
both companies. They consider that the market for business software and services
requires powerful international players with valuable intellectual property
delivered through strong local operations.
CEO of Qurius, Mr. Leen Zevenbergen, comments: "The goal of creating a strong
international group in software and services is totally in line with our
strategy. In 2010 we have restructured our operations and made choices in
markets, partners and competences. Now operational excellence and innovation in
technology and marketing are key. We have invested strongly in development of
our own proprietary solutions and innovative delivery models to our customers."
Founder and President of Prodware Mr. Philippe Bouaziz, explains: "The two
companies are planning to operate in closer collaboration with immediate effect
across all of their respective business lines and territories. Notably, Qurius
will market and distribute Prodware's proprietary software solutions to its
2,500 business customers across Europe. Prodware will build on Qurius' broad and
deep experience with the Microsoft platforms."
Announcing the news, Mr. Leen Zevenbergen and Mr. Philippe Bouaziz said: "Our
teams know each other well as Qurius and Prodware have been working successfully
together for several years. The two companies have many common traits in their
culture and operations. Both companies share an entrepreneurial spirit and are
focused on delivering the best software applications and solutions for business
and maximizing value for all stakeholders."
Commenting further, they said: "We will be working on cross-fertilization and
identifying synergies. We see great opportunities in combining and sharing R&D
facilities, resources, our knowledge base, best operational practices, specific
vertical and cloud solutions, our respective geographical presence and
addressing cross border customers. We expect this cooperation to bring
substantial and immediate value to our business with tangible, positive, effects
on our 2011 business plans."
Prodware and Qurius' combined revenue is around ?200 million and, together, the
two companies employ more than 1,600 IT professionals serving 17,500 customers
from SMB to enterprise accounts across 15 countries in Europe, the Middle East
and Africa. By joining forces and achieving such critical mass, the companies
believe they will reinforce their market leadership in providing international
customers with unique software and service offers.
Qurius 2010: restructuring and reshaping
After having restructured its operations, Qurius expects to report for 2010 an
EBIT result of ? -3.2 million excluding ? 3.7 million restructuring charges.
Last year, Qurius significantly reduced its cost base and reorganized its
portfolio to focus on selected vertical markets and specific business sectors
and expertise. "In 2010 we have completed essential restructuring to put Qurius
back into profit in 2011. This cooperation with Prodware will help us further
secure and improve our business outlook for 2011," said Leen Zevenbergen.
Prodware in 2010: opening new markets
Since it was listed on NYSE Euronext (Alternext) in 2006, Prodware has invested
heavily in R&D to expand its portfolio of industry solutions and business
applications for medium sized business. A significant number of solutions are
already best sellers in the retail, services and manufacturing sectors.
Consistent with its strategic plan, Prodware has started to exploit the high
growth potential of these solutions by addressing worldwide markets directly and
indirectly through the global network of Microsoft partners. The reinforcement
of the partnership with Qurius will give Prodware a tremendous opportunity to
rapidly market its solutions through Qurius in the Netherlands, Germany, Spain,
Belgium and United Kingdom, markets that offer significant potential.
Ends
Qurius N.V.
Qurius provides IT solutions: design, architecture, infrastructure,
implementation and system management of Microsoft-based business and IT
solutions. From our head office in Zaltbommel we serve clients throughout
Europe, including Belgium, Germany, Austria, The Netherlands, Spain, the United
Kingdom and the Czech Republic. In 2010, we openly communicated our objective of
achieving 100% sustainable operations by 2014. In this way, we want to become
the leading European organisation in sustainable IT. We work with clients and
partners who are equally ambitious and have the same sustainability objectives.
Qurius has been listed on the Euronext Amsterdam since 1988. For more
information visit www.qurius.nl
Contact Qurius NV
Geerd Schlangen, Chief Brand Officer:g.schlangen(at)qurius.com +31 (0)418 68 35 00
Suzanne Schaapman, Manager Corporate Communications,s.schaapman(at)qurius.com; +31
(0)418 68 35 00
Prodware
Founded in 1989, PRODWARE (www.prodware.fr) creates, integrates and hosts IT
solutions for businesses. This activity is exercised in a sector where success
necessitates a blend of strong IT expertise and industry specific know-how,
specifically in administrative and management processes.
PRODWARE already helps more than 15,000 active clients and is the key actor and
partner for the installation and management of global IT solutions and
applications. Present in 9 countries and through strong strategic alliances the
group accompanies enterprises in their international deployment. A good
corporate citizen Prodware joined the United Nations Global Compact in 2009.
Contact Prodware
PRODWARE PRESS
Sandra Chokron Marie-Anne Garigue / Grégory Bosson
Head of Corporate Legal Affairs CALYPTUS
T : + 33 (0) 9 79 99 90 05 T : + 33 (0) 1 53 65 68 63 / + 33 (0)1
investisseurs(at)prodware.fr 53 65 37 90
prodware(at)calyptus.net
Prodware and Qurius enter into exclusive discussions:
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Source: Qurius N.V. via Thomson Reuters ONE
[HUG#1486383]
Unternehmensinformation / Kurzprofil:
Datum: 08.02.2011 - 07:31 Uhr
Sprache: Deutsch
News-ID 51177
Anzahl Zeichen: 7910
contact information:
Town:
Zaltbommel
Kategorie:
Business News
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