Novasoft AG
Novasoft AG takes over SAP consultancy company with additional sector know-how
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
——————————————————————————–
With effect from July 23, 2004 Novasoft AG has taken over Awardis AG. With the
acquisition of the profitable SAP consultancy, Novasoft is strengthening its
existing SAP know-how in the Retail, Chemicals as well as Automotive segments,
and expanding its sector portfolio to include Financial Services,
Telecommunications and Utilities. In 2003, Awardis booked sales of EUR 4.8
million and expects to boost the figure to EUR 6 million in 2004. By taking over
Awardis, Novasoft welcomes on board 30 SAP consultants who boast an average
consultancy experience of some nine years. Both parties to the sales contract
agreed to keep the purchase price confidential. Part of the sum will be paid in
the form of own shares.
Awardis is mainly active in Germany and like Novasoft operates on behalf of
international key accounts. Alongside its main office in Germany, Awardis has a
branch in Austria. Ever since its establishment back in 2000, the company has
consistently increased its EBIT margin, which, as at the end of H1 2004 came to
some 15%.
According to a statement by the Management Board of Novasoft AG, the acquisition
of Awardis not only constitutes a meaningful expansion of the sector portfolio
and enhances consultancy know-how in core segments, but in particular has
brought Novasoft highly qualified staff members and interesting new additions to
the client base.
On Awardis AG
Awardis is a consultancy company that concentrates on advice on SAP. The range
of its services extends from classical IT consultancy via development capacity
to services relating to software engineering.
In 2000, several consultants previously active in leading IT consultancy
corporations set up Awardis. Its success and growth is a product of the
corporate philosophy, which focuses on expertise, professionalism and a fair
partnership with clients and staff alike.
end of ad-hoc-announcement (c)DGAP 23.07.2004
——————————————————————————–
WKN: 677890; ISIN: DE0006778905; Index:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
231630 Jul 04
Aktuelle News
Aktuelle Berichte
Keine Berichte gefunden
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden