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CONTACT INFORMATION
SPL WorldGroup
www.splwg.com
FOR IMMEDIATE RELEASE
SPL WorldGroup B.V.'s Enterprise Support
Division Acquired by Software AG
SAN FRANCISCO, CA., - November 17, 1999 - SPL
WorldGroup B.V. (SPL), a leading international provider of information
technology (IT) consulting and enterprise solutions, today announced
that the German systems software group, Software AG is acquiring
the North American and Australian operation of SPL's Enterprise
Support division (ESD). The transaction is expected to close December
1, 1999.
Included in the acquisition are all the staff supplementation activities
in North America, and Australia and all of the Software AG agency
activities in Australia and New Zealand. SPL and Software AG have
planned a transition that is smooth and beneficial for the employees
of Enterprise Support. "SPL and Software AG have enjoyed
a close, long-term relationship. We view this deal as a win-win
situation for everyone involved," explains Moshe Mor, President
and CEO of SPL WorldGroup. "Software AG acquired a staff of
top-quality professionals and blue chip customers, while employees
of our Enterprise Support division now have exciting new business
opportunities by their involvement at the forefront of Software
AG's growth strategy. Of critical importance is that the acquisition
allows SPL to further invest in its core business initiatives and
accelerate the company's growth."
In the global utilities market, where SPL is a leading provider
of solutions and services, the company is focusing on expanding
its offerings and enhancing its geographical reach with a special
emphasis on the European market. SPL recently won a multi-million
dollar contract with France's largest utility, and added two new
offices in London and Paris. In addition, SPL plans to expand the
breadth and depth of the "e-solutions" services it provides
through its Consulting division, continuing to leverage its early
successes in that fast-growing market.
"Software AG has taken a decisive step toward directly positioning
our new electronic business products in the most important and innovative
IT market in the world," said Dr. Erwin Königs, Software AG
Chairman and CEO. " With the acquisition of ESD, Software AG
will gain an outstanding infrastructure in California and other
major commercial centers in the US. We are planning rapid expansion
of our services, particularly in the area of electronic business
applications, and fast development of a sales organization in the
US."
A majority of Enterprise Support's business focuses on the Software
AG technology - either selling it, supporting it or providing professional
services around it. While the Software AG business has always been
an important part of SPL's business activities, it has been "one
step removed" from the source, which is Software AG itself.
By coming under the Software AG umbrella, the Enterprise Support
operations and its people will have the available investment and
opportunity to come into the mainstream and participate in the exciting
push of Software AG into new strategic directions (like e-business
products). Furthermore, since Software AG does not currently have
established operations in any of the territories Enterprise Support
is active in, Enterprise Support will become the "launch pad"
for many new activities and growth initiatives that Software AG
plans for those markets.
About SPL WorldGroup
SPL WorldGroup, established in 1994, is a leading international
provider of information technology (IT) consulting and enterprise
solutions. With over 800 professionals in 10 countries and 30 years
of experience through its subsidiaries, SPL delivers IT solutions
to its clients in utilities, financial services, healthcare, higher
education, and the public sector industries. Visit SPL WorldGroup
at www.splwg.com or call (415)
541-9462 or within the US and Canada at (800) 275-4775.
About Software AG
Software AG, based in Darmstadt, Germany, with more than 2,300
employees and sales amounting toDM 626 million (euro 320 million)
in 1998, is one of the largest system software companies worldwide.
Software AG is the premier provider of integration technology. Both
products and services, used in more than 90 countries, are focused
on mission-critical electronic business applications spanning heterogeneous
platforms, from mainframe, OpenVMS, AS/400, Unix and Windows NT
to the Web. About one third of the company's revenue is achieved
through professional services. Software AG has been listed on the
Frankfurt Stock Exchange (Main Market) since April 1999 (Security
identification number 724260 / SOWG.F)
# # #
SPL WorldGroup and CIS PLUS are registered trademarks
of SPL WorldGroup B.V. or one of its subsidiaries. All other company
and product names may be trademarks of their respective owners.
c1998 SPL WorldGroup, B.V.
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