GFT Technologies SE

euro adhoc: GFT Technologies AG
GFT subsidiary emagine in negotiations with IT subsidiary of a leading financial services provider regarding an agreement to manage non-strategic IT services providers

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GFT Technologies AG (GFT) Leopoldstr. 1, 78112 St. Georgen announces that its subsidiary emagine GmbH (emagine), Düsseldorfer Str. 13, 65760 Eschborn, has been in negotiations since 22.12.2004 with the IT subsidiary of a DAX-listed financial services provider concerning an agreement, initially for one-year, to manage non-strategic IT services providers and freelance IT specialists. To this end, a letter of intent has been agreed, the objective of which is to govern further co-operation between the parties until the conclusion of a definitive agreement. The purpose of the co-operation is to decrease procurement costs, optimise procurement processes and reduce administration.

In connection herewith, it is planned that emagine will assume responsibility for parts of the procurement and administrative process. All non-strategic IT service providers are to be contracted by emagine based on a framework agreement that is currently under negotiation. The framework agreement will also define the services to be provided by emagine and the respective remuneration.

The two parties aim to implement the agreed procurement and administrative processes as early as in the second quarter of 2005. The achieved outcomes are due to be reviewed after three months.

In the event an agreement is concluded, emagine anticipates an annual transaction volume of approximately EUR 20,000,000 from the co-operation.

This notification is published during ongoing contractual negotiations owing to section 15(3) German Securities Trading Act.

end of announcement                                euro adhoc 07.02.2005 12:38:50

Further inquiry note: Andrea Wlcek Investor Relations Manager 0049-7724-9411-440 E-Mail

Branche: Software
ISIN:      DE0005800601
WKN:        580060
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
              Bayerische Börse / free trade
              Bremer Wertpapierbörse (BWB) / free trade

Weitere Meldungen: GFT Technologies SE

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