PROHA PURCHASES TALOUSHALLINTA OY TILIKOLMIO
PROHA PURCHASES TALOUSHALLINTA OY TILIKOLMIO Accountor Oy, a subsidiary of the Proha Group, purchases the entire share capital of the Finnish-based accounting firm Taloushallinta Oy Tilikolmio. The purchase is a part of Proha's growth strategy in the Financial Management business area and brings expert services of taxation into Proha's Internet Accounting Partner (IAP) services. Parties have agreed not to publish the exact purchase price. The Internet Accounting Partner (IAP) is a service that operates via the Internet and includes ASP, expert and outsourcing services. IAP services are offered by Proha's subsidiary, Accountor Oy. After the purchase, Proha's Financial Management operations employ a total of 160 people at different subsidiaries and associated companies in eight locations around Finland. TALOUSHALLINTA OY TILIKOLMIO IN BRIEF Founded in 1993, Taloushallinta Oy Tilikolmio is an authorized accounting firm that offers expert services of taxation in addition to financial management services and traditional accountancy services. The company's net sales were FIM 2 million in 2000. The company employs 8 people. PROHA IN BRIEF Proha operates globally and it is a leading software company in its own field. The key business areas are Project Management, Financial Management, and ASP-services based on Internet Technologies. The pro forma net sales of the Proha Group were EUR 82.2 million in 2000. Over 4/5 of the net sales originates from outside Finland. The Group employs over 600 people over 400 of which work abroad. Proha Plc Pekka Pere President & CEO More information PROHA PLC CEO Pekka Pere, tel. +358 20 4362 000 pekka.pere@proha.com www.proha.com DISTRIBUTION: Helsinki Stock Exchange Major Media ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/03/28/20010328BIT00540/bit0001.doc http://www.bit.se/bitonline/2001/03/28/20010328BIT00540/bit0003.pdf