EANS-Adhoc: USU Software AG to take majority investment in social media company
B.I.G.
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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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Mergers - Acquisitions - Takeovers/Company Information
20.12.2012
Möglingen/Berlin, December 20, 2012.
USU Software AG (Frankfurt, Prime Standard, ISIN DE000A0BVU28), Möglingen,
("USU"), is acquiring a majority investment in B.I.G. Social Media GmbH, Berlin,
("B.I.G."), an international provider of software-as-a-service solutions for
enterprise clients in the field of social media management. Effective
December 20, 2012, USU will initially assume 51% of shares in B.I.G. The
Management Board of USU intends to acquire B.I.G. outright within two years. For
this reason, the parties have agreed reciprocal options that can be exercised
until December 31, 2015.
A total purchase price of between EUR 5 million and EUR 10.7 million has been
agreed as part of the transaction. The exact price will be dependent on various
factors, in particular B.I.G.'s EBIT in the years 2012 to 2014. The profitable
company is forecasting sales growth for fiscal 2012 of over 50% to more than EUR
3 million. B.I.G. is also anticipating strong sales and earnings growth in the
coming years.
B.I.G. was founded in 2002 and currently employs around 40 people. Its well-
known customers include global firms such as Audi, Bosch, Microsoft, Deutsche
Post/DHL, Lufthansa, O2 and Viessmann.
The aim of combining B.I.G. software with the knowledge database USU
KnowledgeCenter is to create a further global USP in knowledge-based service
management, to selectively expand the software-as-a-service (SaaS) range
throughout the Group and, at the same time, to tap additional international
growth potential for USU.
The Management Board of USU and B.I.G.'s shareholders today signed the
agreements on the sale of shares immediately after the Management Board and the
Supervisory Board of USU approved the transaction.
Further information on the acquisition and the projected figures will be
announced by the Management Board of USU Software AG when it publishes the
company's figures for 2012 in March 2013.
Further inquiry note:
USU Software AG
Investor Relations
Falk Sorge
Spitalhof
D-71696 Möglingen
Tel.: +49 (0) 71 41 - 48 67 351
Fax: +49 (0) 71 41 - 48 67 108
E-Mail: f.sorge@usu-software.de
USU Software AG
Corporate Communications
Dr. Thomas Gerick
Tel.: +49 (0) 71 41 - 48 67 440
Fax: +49 (0) 71 41 - 48 67 909
E-Mail: t.gerick@usu-software.de
end of announcement euro adhoc
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issuer: USU Software AG
Spitalhof
D-71696 Möglingen
phone: +49 (0)7141 4867 0
FAX: +49 (0)7141 4867 20
mail: investor@usu-software.de
WWW: http://www.usu-software.de
sector: Software
ISIN: DE000A0BVU28
indexes: CDAX, Prime All Share, Technology All Share
stockmarkets: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf,
regulated dealing: Stuttgart, regulated dealing/prime standard:
Frankfurt
language: English