TIE Announces New Strategic Alliance with Intertrade Systems
(Thomson Reuters ONE) - TIE Holding N.V. ("TIE") today announced it has reached a partnershipagreement that includes the sale of its EDGE Desktop business in theUS to Intertrade Systems Inc.As part of our alliance, InterTrade has acquired the full EDGEDesktop Product Portfolio and will manage the day-to-day support andservice for all EDGE customers. The sale of the EDGE business isconsistent with the company's new focus on the TIE Kinetix portfoliowhich consists of three platforms: the TIE Kinetix ContentSyndication Platform, the TIE Kinetix Business Integration Platformand the TIE Kinetix E-Commerce Platform.In addition, Intertrade will connect to the TIE Kinetix BusinessIntegration Platform to provide additional network capacity in theNorth American market. "This partnership supports our long termstrategy to focus our efforts on the medium and enterprise marketwhere the TIE Kinetix SaaS platform provides the greatest value tocustomers" says Jan Sundelin, CEO of TIE.TIE has ceased the development of the EDGE as part of the Kinetixrefocus and employees have been transferred within the company tofurther help the development of the three focus platforms.The net income of the above transaction, after deduction of goodwillamounts to a bookprofit of EUR 176k, and will be reported as otherincome in Q1_2010.Profile TIESupply Chain Integration Software Company TIE (NYSE Euronext: TIEHolding) bridges the gap between online and traditional business. TIEhelps industry and supply chain partners to achieve electronicbusiness collaboration with solutions in the traditional and upcomingmarkets like Data Quality Management, e-Invoicing, Master DataManagement and Digital Channel Communications. Our solutions areproven to lower costs, increase revenue and optimize businessprocesses. Because we have decades of experience to share, TIEremains a key contributor to the development and implementation ofglobal eCommerce standards. TIE is a publicly held company withoffices in the United States, France, and the Netherlands.Further information:TIE Holding N.V.Jan Sundelin, CEOAntareslaan 22-242132 JE HoofddorpThe NetherlandsT: +31-20-658 93 33F: +31-20-658 90 01E: info(at)TIEglobal.comW: www.TIEglobal.comhttp://hugin.info/133086/R/1346342/323372.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 07.10.2009 - 18:05 Uhr
Sprache: Deutsch
News-ID 6701
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