SYSOPENDIGIA Plc Acquisition and Tender offer SYSOPENDIGIA STRENGTHENS ITS SWEDISH BUSINESS OPERATIONS
SYSOPENDIGIA Plc PRESS RELEASE 31 August 2007 at 11:40 am
SYSOPENDIGIA STRENGTHENS ITS SWEDISH BUSINESS OPERATIONS
In an acquisition today, SYSOPENDIGIA Plc acquired the entire share capital of
Capital C AB, a financial software company located in Stockholm, Sweden. With
this acquisition, SYSOPENDIGIA strengthens its operations as well as product
and solution offering in the financial sector for the Nordic market.
Capital C produces and delivers post trade management solutions for the
securities industry. The company was founded in September 1998 and was owned by
Carnegie Investment Bank AB. Capital C employs about 30 highly skilled,
experienced people working within development, maintenance, sales, and support
of software products targeted for finance industry.
Capital C's product portfolio consists of the Claes product and Moonray product
family. Claes back-office system is used by some of the largest financial
players in the Nordic region. Parallel to this, Capital C has recently launched
first modules of the Moonray product family - the next generation post trade
management solution. The Moonray products can be combined with and complement
SYSOPENDIGIA's existing business systems within the securities industry.
Capital C's whole personnel will continue to work for SYSOPENDIGIA as old
employees. The Parties have agreed that the purchase price and other terms of
the transaction shall not be disclosed. The acquisition does not have
significant impact on SYSOPENDIGIA's balance sheet or result.
"Capital C is a very important asset in strengthening SYSOPENDIGIA's presence
in Sweden, also from the entire SYSOPENDIGIA group perspective. The acquisition
is following SYSOPENDIGIA's internationalization strategy to strengthen our
market position in the Northern Europe. In addition, the deal will
significantly enhance our product and solution offerings in the financial
sector, bringing us very important new customer relationships in Sweden,"
commented Jari Mielonen, President and CEO of SYSOPENDIGIA.
"As a part of SYSOPENDIGIA Group, Capital C and its employees have an excellent
opportunity to further develop their business and participate in significant,
large-scale customer projects in the Nordic market. The products and services
of the two companies complement each other seamlessly," enthused Juha
Leinonkoski, Senior Vice President of SYSOPENDIGIA.
SYSOPENDIGIA PLC
Jari Mielonen
President and CEO
Additional Information:
Juha Leinonkoski, Senior Vice President
Finance and Services Division, SYSOPENDIGIA Plc
Mobile telephone: +358 40 8422 810
email: juha.leinonkoski@sysopendigia.com
DISTRIBUTION
Helsinki Stock Exchange
Key media
SYSOPENDIGIA Plc is a modern and agile software company delivering ICT
products, services and technologies for its customers to improve their
competitive advantage - solutions for the needs of the transforming world. The
company is based in Finland, operating globally and employing over 1100
professionals. SYSOPENDIGIA is listed on the Nordic Exchange.