Medienmitteilung

euro adhoc: P&I Personal & Informatik AG / Mergers - Acquisitions - Takeovers / P&I takes over time management provider ZHS

Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.

01.04.2005

P&I Personal & Informatik AG is to take over the German-based ZHS
group (Wiesbaden) with immediate effect in 2005. The acquisition
gives HR software specialists P&I (also Wiesbaden-based), a 100 per
cent share in ZHS Verwaltungs GmbH & Co. KG (limited partnership),
which itself holds 100 per cent of ZHS Zeitmanagementsysteme Hard-
und Software GmbH & Co. KG. The ZHS group generates annual sales of
approximately two million euros.

For P&I's CEO Vasilios Triadis, the take-over is part of P&I's growth
strategy and will strengthen P&I's position in the HR software
solutions market. P&I sees time management as an area of potential
growth.

The purchase will enable P&I to upgrade its LOGA Software to a
com-plete solution for personnel work. Up to now, the software has
encom-passed payroll accounting and personnel management. Time
manage-ment as the third core component of human resources management
will complement and round off the product portfolio. This step is a
logical one for P&I in its consolidation of the subareas of personnel
work.

end of announcement                    euro adhoc 01.04.2005 11:48:04 

Further inquiry note:

Herr Andreas Granderath

Branche: Software
ISIN: DE0006913403
WKN: 691340
Index: Prime Standard, CDAX, Prime All Share, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Berliner Wertpapierbörse / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Niedersächsische Börse zu Hannover / free trade

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