P&I to take over the personnel software of DSA in conjunction with a strategic partnership
Wiesbaden (euro adhoc) -
With effect as of September 1st, 2008, P&I GmbH, Vienna, will be taking over JET PABIS NG, which is the HR business division of Data Systems Austria Aktiengesellschaft & Co KG, Vienna.
ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
merger, acquisition and takeover
DSA is one of the leading Austrian suppliers of integrated business software. The spin-off of the human resources management business division of the JET PABIS NG software is being realised for strategic reasons. P&I GmbH in Vienna is a subsidiary company of P&I AG, which is based in Germany and which is one of the leading suppliers of HR management software in Europe - with over 3,000 customers in all business sectors. P&I is striving to become the market leader for HR management software in Austria by means of this takeover. "By taking over the HR management software of DSA, P&I is taking a decisive step towards achieving the market leadership for personnel software in Austria. On the one hand, it will lead to interesting synergy effects for P&I in the software development area," says Vasilios Triadis, the CEO of P&I AG, Wiesbaden. "On the other hand, we have gained 450 strategic customers in the SME area and the public administration sector."
Through the takeover of the software, P&I has also taken over the obligations resulting from software maintenance contracts with existing customers. P&I will not have any problem guaranteeing this because it is also taking over the relevant DSA employees. "Furthermore, P&I will be gaining a highly attractive staff of employees with a high level of specialist knowledge and an excellent understanding of the human resources processes that have to be mapped," remarks Triadis.
"For existing customers, the incorporation of the solution into the P&I portfolio will be a guarantee for further competent functional as well as technological development of the software," states Markus Berndt, the CEO of Data Systems Austria AG & Co KG.
The parties have agreed to maintain secrecy with respect to the amount of the purchase price.
end of announcement euro adhoc
Further inquiry note:
Andreas Granderath
+49 (0)611 7147-267
agranderath@pi-ag.de
Branche: Software
ISIN: DE0006913403
WKN: 691340
Index: CDAX, Prime All Share, Technologie All Share
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