ST. PAUL, Minn., Jan 03, 2011 — Lawson Software (Nasdaq: LWSN) today announced that it has completed its acquisition of privately held Enwisen. Based in Novato, Calif., Enwisen served approximately 260 customers, including many in the Fortune 1000. The all-cash transaction of $70 million closed on Dec. 31, 2010. The agreement includes a contingent earnout payment of $5 million if certain conditions are satisfied as of June 30, 2012.
The Enwisen AnswerSource HR Service Delivery suite has helped companies transform and improve their delivery of HR services using fewer resources and lowering costs. It will now become part of the Lawson Human Capital Management System, a leading human resources software system. The Lawson Human Capital Management System includes Lawson Human Resource Management, Talent Management, and Workforce Management as well as the new Human Resource Service Delivery component. Complete details about the acquisition are available at www.lawson.com/enwisen.
About Lawson Software
Lawson Software provides software and service solutions to 4,500 customers in equipment service management and rental, fashion, food & beverage, healthcare, manufacturing & distribution, public sector (United States), service industries, and strategic human capital management across 40 countries. Lawson Software is a global provider of enterprise software, services and support to customers primarily in three sectors: services, trade and manufacturing/distribution. Lawson’s solutions include Enterprise Performance Management, Human Capital Management, Supply Chain Management, Enterprise Resource Planning, Customer Relationship Management, Manufacturing Resource Planning, Enterprise Asset Management and industry-tailored applications. Lawson solutions assist customers in simplifying their businesses or organizations by helping them streamline processes, reduce costs and enhance business or operational performance. Lawson is headquartered in St. Paul, Minn., and has offices around the world. Visit Lawson online at www.lawson.com. For Lawson’s listing on the Third North exchange in Sweden, Remium AB is acting as the Certified Adviser.
This press release contains forward-looking statements that contain risks and uncertainties. These forward-looking statements contain statements of intent, belief or current expectations of Lawson Software and its management. Such forward-looking statements are not guarantees of future results and involve risks and uncertainties that may cause actual results to differ materially from the potential results discussed in the forward-looking statements. The company is not obligated to update forward-looking statements based on circumstances or events that occur in the future. Risks and uncertainties that may cause such differences include but are not limited to: uncertainties in uncertainties in the software industry; uncertainties as to when and whether the conditions for the recognition of deferred revenue will be satisfied; increased competition; general economic conditions; the impact of foreign currency exchange rate fluctuations; continuation of the global recession and credit crisis; global military conflicts; terrorist attacks; pandemics, and any future events in response to these developments; changes in conditions in the company’s targeted industries and other risk factors listed in the company’s most recent Quarterly Report on Form 10-Q and Annual Report on Form 10-K filed with the Securities and Exchange Commission. Lawson assumes no obligation to update any forward-looking information contained in this press release.