Sörman aquires Poet CMS division

Sörman aquires Poet CMS division Sörman Information AB today announces the purchase of Poet Content Management Suite product line from POET Holdings, Inc. Together with the newly formed Sörman Information GmbH in Munich, Sörman now has two offices in Germany. CMS customers will continue to receive high quality support and the product will be further developed and marketed by Sörman. The personnel from Poet CMS have joined Sörman and will continue to operate out of Hamburg. Volker John, Product Manager from the CMS team will be in charge of the Hamburg office. Sörman will assume the intellectual property rights for CMS worldwide, with exception for the United States, Canada and South Korea. Sörman also take over the obligations associated with the European CMS customer base. Sörman has a six-month exclusive option to assume the intellectual property rights for the United States and Canada. "The intellectual capital of our new colleagues in combination with the CMS product line will allow us to address the German market at a much higher pace. Our concept of providing systems and services that cut costs and improve business models for our customer base, is transparent to the CMS technology", says Mats Hultemark, CEO for Sörman Information AB. Sörman Information is a leading European company in the area of Content Management Systems, After Sales Systems, software development and content creation for advanced industrial information applications. Sörman is highly regarded in the international SGML/ XML community. Sörman Information's major investors are Investor Growth Capital, 6th AP fund and Servisen Management Group. For further information please contact: Mats Hultemark Peter Erhard Volker John Sörman Information Managing Director Office Manager, AB Sörman Information Hamburg CEO GmbH Sörman Information +46 470 72 70 00 +49 173 94 825 47 GmbH +49 173 97 22 448 ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/10/06/20001006BIT00650/bit0001.doc http://www.bit.se/bitonline/2000/10/06/20001006BIT00650/bit0002.pdf