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Softline AG

EANS-News: Softline AG takes over the Norwegian IT service provider STOVER AS

Leipzig, 15th December 2010 (euro adhoc) -

Softline expands and strengthens both its international presence and 
its service expertise
  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Mergers - Acquisitions - Takeovers
Subtitle: Softline expands and strengthens both its international 
presence and its service expertise
Softline AG has taken over
the profitable Norwegian IT service provider STOVER AS, a renowned 
specialist in identity management, security, virtualisation and 
Novell technologies with its head office in Oslo and a branch in 
Elverum. The company has thus increased its international profile in 
consultation services concerning IT infrastructure. The takeover is a
further systematic step in the expansion strategy concluded in 
mid-2010 and introduced by Softline Solutions Netherlands B.V. in 
October.
Alongside the foundation of Softline Solutions Netherlands B.V. in 
October 2010 and Softline Solutions GmbH (which has been in operation
since August 2010), the takeover of the Norwegian IT service provider
STOVER AS has increased the service expertise of Softline AG in 
Leipzig. The current Management team remains.
Prof. Knut Löschke, chairman of Softline AG, explains "Since its 
foundation in 1997, STOVER has acquired a name for itself both in and
outside of Norway as an IT specialist with particular skills in 
identity management and virtualisation as well as solutions on the 
basis of Novell technologies. In this respect, this takeover is a 
double win for the international expansion strategy of the Softline 
Group - and STOVER chief executive Geir Christensen even makes it a 
triple win".
Due to his many years of international management experience, 
Christensen is a distinguished expert in the European IT market and 
completely supports Softline AG's takeover: "This will not only put 
Softline at the forefront of our international expansion strategy - 
it will also strengthen our national profile in Norway. With our 
collective know-how as a virtualisation specialist with partners such
as Microsoft, VMware, IBM and, above all, Novell in the area of 
network infrastructure, we will make a significant contribution to 
making Softline more internationally recognised as a brand".
About Softline AG The Softline group is a company with its head 
office in Leipzig and which is active all over Europe. The group 
consists of Softline AG, which acts as the holding company, and its 
100% subsidiaries Softline Solutions GmbH, Softline Solutions 
Netherlands B.V., Stover AS and Prometheus GmbH. The Softline group 
is an economically stable, permanently growing European company which
has developed into a recognised service provider in the information 
and communication technology (ICT) market. Since its foundation in 
2001, the Prometheus GmbH has been one of the leading "service 
providers of service providers" for systems houses, hardware and 
software manufacturers, distributors and other ICT service providers.
The Softline Solutions companies provide IT consulting, support and 
service for the highest of quality requirements. In doing so, 
information technology, business processes and communication are also
addressed. Softline AG was founded in 1983 and has been listed since 
February 2000. You can find more information at 
www.softline-group.com.
end of announcement                               euro adhoc

Further inquiry note:

Rita Löschke
Direktorin - Marketing & IR
Tel.: +49 (0) 341 240 51 103
E-Mail: rita.loeschke@softline-group.com

Branche: Software
ISIN: DE000A1CSBR6
WKN: A1CSBR
Börsen: Frankfurt / Open Market
München / M:access
Berlin / free trade
Stuttgart / free trade
Düsseldorf / free trade

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