Management Buy-out Agresso France

Published on June 15, 2010 in Computer & Electronics, Computer Software, Internet, Technology

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UNIT4 announces the closing of the management buy-out with its subsidiary Agresso France S.A. and the sale of the shares of Agresso France to its current managing director. Agresso France will continue doing business purely as an official reseller of UNIT4 products. All maintenance contracts, maint

Sliedrecht, the Netherlands (June 15, 2010) –

UNIT4 announces the closing of the management buy-out with its subsidiary Agresso France S.A. and the sale of the shares of Agresso France to its current managing director. Agresso France will continue doing business purely as an official reseller of UNIT4 products. All maintenance contracts, maintenance activities and intellectual properties of Agresso France will remain within the UNIT4 group.

For any further enquiries please contact:
Chris Ouwinga, CEO or Edwin van Leeuwen, CFO
Tel.: +31 (0)184 44 4444
Fax: +31 (0)184 44 4463
E-mail: edwin.van.leeuwen@unit4.com

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ABOUT UNIT4
UNIT4 is a global business software and services company aimed at helping dynamic organizations to embrace change simply, quickly and cost effectively in a market sector it calls ‘Businesses Living IN Change’ (BLINC)(TM). The Group incorporates a number of the world’s leading change embracing software brands including Agresso Business World and CODA financial management software.

For mid-sized services intensive organizations, UNIT4 markets the Agresso Business World ERP suite that is widely acknowledged as the business software solution that delivers the lowest Total Cost of Change. This is achieved thanks to its VITA(TM) architecture which allows for ongoing, post-implementation changes without the typical external IT costs and services that cost firms huge sums of money each year.

CODA Financials is our award-winning suite of best-of-class financial management software designed to integrate with your industry- and company-specific applications. CODA’s LINK(TM) architecture sets it apart from ordinary accounting systems by providing a financial information backbone for companies with fast-changing and mixed application environments. It is a global accounting solution for mid-to large sized organizations, offering a “no compromise” approach to financial modeling, process control and application choice.

UNIT4 is a top six mid-market ERP software player globally and the 2nd largest European ERP supplier. With offices in 13 European countries, as well as 6 countries across North America, Asia Pacific and Africa and sales activities in several other countries, a revenue of EUR379.4 million was realized in 2009. UNIT4 is headquartered in Sliedrecht, the Netherlands. The company has 3,456 employees (31 December 2009). UNIT4 is listed on Euronext Amsterdam by NYSE Euronext and is included in the Amsterdam Smallcap Index (AScX).

Source: UNIT4

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