Dassault Systemes 3DExcite GmbH
Realtime Technology AG: RTT acquires 100 percent of Bunkspeed Inc.
Realtime Technology AG / Key word(s): Acquisition CORPORATE NEWS 05/2013 RTT acquires 100 percent of Bunkspeed Inc. Munich, Germany October 23, 2013 – Realtime Technology AG (RTT) (ticker symbol: R1T) today announces that it has reached an agreement with the minority shareholders of Bunkspeed Inc. to transfer all shares and options to RTT. The purchase price was not disclosed. In the course of this change Philip Lunn, co-founder and CEO of Bunkspeed, resigns. Los Angeles-based Bunkspeed Inc. is now a wholly owned subsidiary of RTT. Bunkspeed is a leading provider of design visualization tools and is recognized for its strong range of powerful, easy-to-use software products. The acquisition extends RTT’s services to agencies and designers by offering these lightweight yet latest-edge design tools. After having taken the majority holding with 65.52% already in August 2010, RTT now fully owns Bunkspeed Inc. Ludwig A. Fuchs, co-founder and CEO of RTT declares, ‘Bunkspeed stands for ease-of-use and best visual results, making its tools a valuable addition to RTT’s own offering. The benefits of Bunkspeed’s technology for enterprise workflows are already evident and will help expand our capabilities further in the future.’ The integration of Bunkspeed into the RTT Group will take place in the coming months. By complementing RTT’s product portfolio with its proven software and by including the visualization expertise of its staff in RTT’s knowledge pool, Bunkspeed will help strengthen the combined market presence. For more information about RTT, please visit: http://www.rtt.ag/en/investors About RTT IR Contact End of Corporate News 23.10.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | Realtime Technology AG | |
Rosenheimer Str. 145 | ||
81671 München | ||
Germany | ||
Phone: | +49 (0)89 – 200275 – 0 | |
Fax: | +49 (0)89 – 200275 – 200 | |
E-mail: | info@rtt.ag | |
Internet: | http://www.rtt.ag | |
ISIN: | DE0007012205 | |
WKN: | 701220 | |
Listed: | Freiverkehr in Berlin, Stuttgart; Frankfurt in Open Market (Entry Standard) | |
End of News | DGAP News-Service |
235712 23.10.2013 |