EASY SOFTWARE AG: Acquisition of Systec GmbH

Mülheim an der Ruhr (Germany), January 10, 2018 – EASY SOFTWARE AG (ISIN: DE0005634000) acquired Systec GmbH, a Bielefeld-based IT company for document management. The transaction is made as part of a share deal; it applies retroactively to January 1, 2018. The purchase price amounts to a maximum of €1.5 million.

Founded in 1983 and a longtime partner of EASY SOFTWARE AG, Systec GmbH with its nine employees recently generated external sales amounting to about €2 million, with more than €1 million of these through EASY SOFTWARE AG. Through the intended integration, EASY SOFTWARE AG will win qualified employees for Consulting and Sales & Distribution. This will allow it to strengthen its regional position in the German states of Lower Saxony and North Rhine-Westphalia and get direct access to many interesting end customers.

 

EASY SOFTWARE AG

The Management Board

 

IR contact:

Martina Appold

ed.ys1529769882ae@ri1529769882

 

About EASY SOFTWARE AG:

With more than 13,000 customer installations, EASY SOFTWARE AG of Mülheim an der Ruhr (Germany) is a leading developer and provider of multi-platform solutions in the electronic archiving, document management and enterprise content management sectors. EASY software captures any type of bulk data; it structures document flow using integrated workflow functionalities, ensuring revision-proof long-term archiving.

 

About Systec GmbH:

Systec GmbH was founded as an IT company in 1983. Headquartered in Bielefeld, Germany, the company has been rendering for more than 30 years IT consulting services for midsize businesses at the highest level, covering the entire value chain.