euro adhoc: S&T System Integration&Technology Distribution AG /
Mergers - Acquisitions - Takeovers
S&T strengthens Microsoft
solutions business in Croatia and Slovenia (E)
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
- Takeover of Croatian Microsoft specialist Epsilon - Acquisition of Atlantis in Slovenia completed
Vienna, 6 October, 2003 - S&T System Integration & Technology Distribution AG (Vienna Stock Exchange: SNT; OTC: STSQY) is strengthening its position and competence in Microsoft software solutions in the Adriatic region. The takeover of Croatian IT service provider Epsilon and its 16 highly qualified Microsoft-specialists, will enable S&T to expand its market position in its core business area of solutions. The acquisition of Slovenian company, Atlantis, that was announced in July has now been completed following a successful due diligence. The product combination of the two Microsoft specialists will allow S&T to respond to the wishes of its customers even more effectively.
The acquisition of Epsilon makes S&T in the Adriatic region a Microsoft Gold Certified Partner. Only a very small number of companies in the region have this level of certification, which is proof of extraordinary skills in the implementation of Microsoft-based solutions. This status has clear competitive advantages for S&T in the form of special product training and preferential access to new software releases. For S&T's customers, the Gold Certified Partnership means even greater efficiency and more professional customer service. The takeover in Croatia will bring S&T additional customers in the Telecom and financial services industries as well as the public sector.
"This concentrated competence in Microsoft software products and services will strengthen our lead on the Slovenian and Croatian markets still further. We are now able to support our customers' knowledge-management processes with custom-tailored portal and Intranet solutions based on Microsoft standard products. Know-how from Epsilon allows us to respond to the continuously rising demand for mobile office solutions in cooperation with mobile communications companies. In the S&T Group, we now employ over 120 certified Microsoft software specialists, making us one of the biggest Microsoft partners in the region" says S&T CEO Karl Tantscher. An undisclosed amount in cash was agreed for the 100 percent takeover.
About S&T - www.snt.at S&T is a leading provider of IT solutions for customers in 20 countries in Central, Eastern and Southern Europe. The company provides consulting services, software development, IT solutions implementation and support services around the clock to the most demanding customers in telecommunication, banking, energy production and distribution, government and health care.
end of announcement euro adhoc 06.10.2003
Further inquiry note:
Chief Executive Officer
Investor and Public Relations
S&T System Integration & Technology Distribution AG
Gunoldstrasse 16, 1190 Vienna, Austria
Phone: +43 1 367 80 88 0
Fax: +43 1 367 80 88 99
Branche: Computing & Information Technology
Index: ATX Prime, NECI, ViDX
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