Business News

Beta Systems acquires DETEC Group

Tuesday 23. December 2008 - Extension of product portfolio for data centers to create a complete process chain ranging from the creation to the distribution of documents - Strategic investment in a growth market

Beta Systems Software AG (BSS, ISIN DE0005224406) has today announced the acquisition of all shares in DETEC Decision Technology Software GmbH and DSP DETEC Software Products GmbH, Rüsselsheim, with effect as of January 1, 2009. The management and supervisory board of Beta Systems, as well as the shareholders and management of the DETEC companies, have reached agreement today concerning the key aspects of the intended acquisition, and have signed a purchase agreement. Both DETEC companies will continue to be operated independently, and with an expanded management base. The two managing shareholders responsible for technology and sales at DETEC have pledged that they will continue to provide their cooperation for a transition period until the successful integration. In addition, Harald Podzuweit, General Manager of the Data Center Infrastructure (DCI) and Identity Management (IdM) business lines at Beta Systems, will assume responsibility for management. DETEC´s portfolio comprises products to generate optically high-quality and sophisticated documents in the output management area through the formatting of output data. The intention is that the products, and the personnel involved with their development, sales and service, will continue to be managed as an independent line and unit, and be allocated to the DCI/IdM division in both product and financial terms. Beta Systems is consequently underscoring its long-term commitment to Rüsselsheim as a location. Confidentiality has been agreed with respect to the further details of the purchase agreement. The acquisition is being funded from both debt and equity.