Home | Business News | Browse by Publication | B | Business Wire

IXOS Becomes European Market Leader After Two Acquisitions - Increased Revenue Growth Forecasts - Half-Yearly Figures Met in Full.

Publication: Business Wire
Publication Date: 24-JAN-03 		Format: Online - approximately 1108 words
Delivery: Immediate Online Access

Article Excerpt
Business Editors

MUNICH & GRASBRUNN, Germany--(BUSINESS WIRE)--Jan. 24, 2003

IXOS SOFTWARE AG, a leading provider of document management software solutions, has acquired Obtree Technologies Inc., Basel, and the operating business of PowerWork AG, Kempten. With the two takeovers, IXOS is rapidly implementing its previously announced growth strategy for the enterprise content management market, and immediately becomes the European market leader.

IXOS is taking over Obtree Technologies Inc., a leading provider of content management products at a price of SFR 0.52 (EUR 0.36) per share for 96,4% of the company's 14,790,347 ordinary shares against cash. This corresponds to a purchase price of SFR 7.7 million (EUR 5.3 million) for a 100% interest. The transfer of beneficial ownership is scheduled to take place on February 1, 2003. In the case of PowerWork AG, IXOS is acquiring all operating assets for a cash payment of EUR 1.2 million, effective as of January 1, 2003 retroactively.

According to preliminary estimates, IXOS' consolidated revenue for the second quarter of fiscal...

Read the FULL article now - Try Goliath Business News - FREE!   
You can view this article PLUS...

  • Over 5 million business articles
  • Hundreds of the most trusted magazines, newswires, and journals (see list)
  • Premium business information that is timely and relevant
  • Unlimited Access

Now for a Limited Time, try Goliath Business News - Free for 3 Days!
Tell Me More   Terms and Conditions

Get Goliath Business News for 1 year - Just $99 (Save 65%)
Tell Me More   Terms and Conditions

Already a subscriber? Log in to view full article



Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.