IXOS Software AG
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IXOS: Rapid integration of Obtree Technologies
Corporate-news announcement sent by DGAP.
The sender is solely responsible for the contents of this announcement.
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Merger of sales organizations in Switzerland and the United Kingdom as of April
1, 2003 – development facilities remain in Basel
Grasbrunn near Munich, April 1, 2003 – IXOS SOFTWARE AG is integrating the
Obtree Technologies sales and service companies in Switzerland and the United
Kingdom with the Group`s regional sales companies. IXOS has thus reached a key
milestone in the integration of the Swiss public company, which was acquired in
January 2003, ahead of schedule.
As part of the integration process Nick Ellis, the former Managing Director of
Obtree, and Urs Sträuli, the head of IXOS` Swiss branch office, will assume
responsibility for sales in the United Kingdom and Switzerland. At the same
time, Obtree managers Frank Boller (the former CEO) and Alexander Stahel (the
former COO) will leave the company at their own request to pursue new
opportunities. The two top managers played a major role in the success of the
initial integration measures.
In addition, the Munich-based Group confirmed that it would be keeping
development of its Content Management product line at its existing Basel
location. Obtree founder and head of development Luc Haldiman will head the
Swiss development company.
Following this rapid integration process, customers and partners of the two
public companies will receive single-source service from now on. IXOS acquired
the closely held Swiss public company, which is based in Basel, at the end of
January 2003. The acquisition covered the Group`s holding company and Obtree`ns
Swiss development company, as well as two operating sales and service companies
in Switzerland and the United Kingdom with a total of 86 in staff. IXOS
presented first integrated content management solutions as early as mid-March at
the CeBIT 2003 fair.
About IXOS:
IXOS SOFTWARE AG is Europe`s leading vendor of solutions for Enterprise Content
Management (ECM). IXOS solutions perform essential enterprise functions such as
the efficient staging of information for Web delivery, the optimization of
business processes, and the permanent archiving of business documents in a
secure, reliable document base.
A global team of highly qualified consultants and worldwide 7×24 hour support
complement the wide range of available IXOS solutions. IXOS partnerships with
leading international hardware and software vendors, as well as system
integrators, guarantee the deployment of innovative technology and comprehensive
industry expertise.
Its financial stability makes IXOS a stable, long-term partner. Major
corporations from a wide variety of industries have already installed over 2,900
IXOS installations worldwide – enabling them to reduce their costs and
simultaneously enhance their productivity and competitiveness. More than 1,75
million users around the world already work with ECM solutions from IXOS.
Shares of IXOS SOFTWARE AG are traded under the symbol “XOS” in the Prime
Standard segment of the Frankfurt Stock Exchange (SID 506150; ISIN:
DE0005061501). In the U.S., American Depository Shares (ADS) are traded on
NADSAQ under the symbol “XOSY”.
For further information please contact:
IXOS SOFTWARE AG
Gala Conrad
Director Investor Relations
Tel: +49-89-46 29 2400
Fax: +49 89 46 29 1598
email: ir@ixos.de
This release can also be found on the Internet under:
http://www.ixos.com/en/press.
end of message, (c)DGAP 01.04.2003
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WKN: 506150; ISIN: DE0005061501; Index: TecDAX, NEMAX 50
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart
011805 Apr 03
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