Exact Group B.V. (“Exact”) announces that it has sold its 70% participation in Informatica y Gestion (“Informatica”), based in Colombia, to its co-shareholder. Informatica is, with its ERP product Siigo, the SME market leader in Colombia. Informatica will continue as reseller of Exact products in Colombia, Peru and Ecuador.
Exact acquired 70% of the Informatica shares in 1998. Informatica has been managed as a separate business over the past years and did not lead to much cross synergies. Furthermore, Exact recently initiated a program to become more focused in targeted solutions to customers and prospects and has concluded the Siigo product to be an insufficient match in this respect. This was the basis for the decision to sell the participation to its co-shareholder.
The total revenue of Informatica in 2009 amounted to € 8.0 million.
Exact. And it all comes together.
We started serving the entrepreneurial world with information technology in 1984. We have grown from a student start-up to a global solution provider and our entrepreneurial roots constantly remind us that adding value for our customers is what we are here for. With approximately 2,200 employees in 40 countries, we serve over 100,000 local and international companies in more than 125 countries and provide our business software solutions in more than 40 languages. We have been listed on the NYSE Euronext Amsterdam since June 1999 and our revenues amounted to € 232.5 million in 2009.
Serving entrepreneurial businesses is at the heart of what we do. We understand their mindsets, how they collaborate within their business community and the structure they need to achieve results. With this knowledge we provide software solutions that support every business activity and give real-time insight into the entire business. This gives our customers the freedom to successfully address challenges and opportunities, creating value for their customers and ultimately for themselves.
For further information about Exact visit www.exact.com.