Mind buys Internet consultancy in France

Mind buys Internet consultancy in France Internet consultancy Mind will acquire the French company New Electronic Factory. New Electronic Factory is a Paris-based Internet consultancy specialising in advanced e-commerce solutions. Over the past year New Electronic Factory has attracted attention for its ability to deliver quickly and its expertise in flexible and advanced Internet solutions for e-commerce. New Electronic Factory has 14 employees and its customer base consists of both industrial and start-up companies. "Having considered various possibilities for New Electronic Factory, we found that Mind and New Electronic Factory shared the same visions and that both offered cutting-edge services on the French market. Our market and technical expertise, combined with Mind's expertise in portals, gives us the opportunity to rapidly become a major player in France," says Thomas Delpy, CEO of New Electronic Factory. The French Internet market has grown considerably over the past year and is now the fastest growing market in Europe. New Electronic Factory gives Mind an excellent basis for continued expansion in France. "The acquisition of New Electronic Factory means that we strengthen our presence on the very important French market. Our office in Paris acts as a bridgehead and, following rapid and targeted expansion in the Nordic region, we now plan to expand in the major European markets," says Jörgen Larsson, CEO of Mind. For further information, please contact: Jörgen Larsson, CEO Mind, Phone +46 8 406 64 00 or +46 703 21 18 00 Thomas Delpy, CEO, New Electronic Factory, Phone +33 1 53 35 95 50 Mind AB is a third generation Internet consultancy specialising in portals aimed at developing and strengthening their customers' business activities. Mind currently employs nearly 400 staff and is represented in Sweden, Norway and France. We aim to float the company on the stock exchange in the year 2000. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/04/04/20000615BIT00030/bit0001.doc http://www.bit.se/bitonline/2000/04/04/20000615BIT00030/bit0002.pdf