Resco will strengthen their presence in the Nordic region by acquiring Major Blue Company

Resco will strengthen their presence in the Nordic region by acquiring Major Blue Company Resco AB have signed a contract of acquisition with the Finnish IT service provider Major Blue Company. With the deal Resco will have a strong position as an IT/Internet company in Finland with a total of about 100 employees with skills in CRM, Human Resources Management and ERP. In 1999, Major Blue Company reported sales of SEK 45 million (FIM 32 M) and profits of SEK 0.5 million (FIM 0.3 M). Payment will be made with 390,000 new-issued Resco shares. The deal, which will have a favorable effect on Resco's profits in 2000, excluding goodwill, is subject to the approval of the Annual General Meeting. As a result of the deal, Resco will consist of over 570 employees with cutting edge expertise in system integration, business systems, business development, market communication and design and operations in Sweden, Finland and Germany. "We have worked hard and taken our time with the goal of finding the best and most suitable partner in Finland - a country which, together with Sweden, comprises the most exciting IT, communication and Internet market in the world. Major Blue has a long history of working with advanced IT- development, and has succeeded in developing its market to meet their clients current needs for optimal integration of IT, WAP technology and the Internet," says executive chairman Kjell Jacobsson, who is also in charge of Resco`s international expansion. "The deal with Major Blue Company represents the first major step in Resco's strategy to expand internationally and become a prominent European IT/Internet consulting company," says Torstein Johansen, CEO at Resco. "MBC was one of Finland's early adopters of the advanced Microsoft Distributed Internetwork Architecture (DNA), with the goal of ensuring continued profitable growth in the future." Examples of this include MBC's CRM and HRM products. CRM products, which support both WAP and browser user interface (UI), have already been certified for Windows 2000. MBC's HRM product is a breakthrough solution in its field, and also supports advanced browser technology. "We look forward to the new exciting opportunities and internationalisation together with Resco," says Markku Pekkola, CEO of Major Blue Company. For further information, please contact: Resco switchboard +46 8-51 90 30 00 Torstein Johansen, Managing Director, Resco,+46 706-65 65 10 Kjell Jacobsson, Executive Chairman, Resco +46 708 903050 Fredrik Härén, Information Officer, Resco +46 705-86 18 18 fredrik.haren@resco.se Markku Pekkola, CEO Major Blue Company 358 400 233 150 and e-mail markku.pekkola@majorblue.fi About Resco Resco is one of the largest full-range Internet consulting companies in the Nordic countries. The Company combines the ability of the modern web agency to communicate with extensive expertise within operations development, business systems and system integration. With specialists in business systems, system integration, market communication, web technology and skills management, Resco has a unique position on the Nordic IT/Internet market. Following the deal with Major Blue Company, Resco has 570 employees (530 at Resco, including SandellSandberg, and 40 at associated companies). Resco was established in 1982, and in 1996, the Company was quoted on the O-list of the OM Stockholm exchange. Resco Finland was recently chosen SAP-partner in Finland. About Major Blue Company Major Blue Company is a Finnish IT-consulting company specialising in IT- solutions for CRM, Human Resources Management, sales/marketing and Business Management. The company supplies IT systems as well as consulting and training. Major Blue Company has partnerships with companies such as IBM/Lotus, HP, Oracle and J.D. Edwards. The company was recently selected Solution Provider of the Year for 1999 by Microsoft Finland. The company was established in 1985 and currently has more than 90 employees and offices in Tampere and Helsinki. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/04/26/20000426BIT01720/bit0001.doc http://www.bit.se/bitonline/2000/04/26/20000426BIT01720/bit0002.pdf