7:40 | 26.02.2010
DGAP-News: BRAIN FORCE HOLDING AG: BRAIN FORCE Strengthens its ERP Business by Acquiring INISYS
BRAIN FORCE HOLDING AG / Acquisition
26.02.2010 07:40
Dissemination of a Corporate News, transmitted by
DGAP – a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
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BRAIN FORCE HOLDING AG (Vienna Stock Exchange: BFC, Reuters: BFC.VI), a
leading IT services provider with business operations in Austria, Germany,
Switzerland, Italy, the Netherlands, Czech Republic and Slovakia, announced
the acquisition of a 100% stake in INISYS Software Consulting GmbH. The
parties to the agreement have agreed to maintain confidentiality with
regard to the purchase price.
Based in Neulengbach, Lower Austria, INISYS specializes in the sale and
implementation of the ERP software solutions Microsoft Dynamics NAV and AX
as well as Microsoft CRM, and boasts its own sector-independent cost
accounting module. The Austrian firm with its staff of 18 employees
serves about 50 medium-sized companies, and enjoys a good reputation in the
industry for solution-oriented project execution. All employees of INISYS
Software Consulting GmbH will be retained, and the previous owner will also
continue to work on behalf of the company. INISYS has continuously expanded
and generated clearly positive operating results in recent years. It
achieved total revenues of EUR 1.6 million in 2009.
BRAIN FORCE started to build up an ERP Competence Center in Austria in
2009. The acquisition of INISYS enables it to strengthen its core Business
Solutions area. In Italy, BRAIN FORCE boasts longstanding experience and
competence with Microsoft Dynamics, featuring solutions designed to
optimize the business processes of medium-sized companies. ‘Our aim is to
ensure the successful know-how transfer between our subsidiaries in Austria
and Italy, exploit cross selling potential and cost synergies and further
expand our partnership with Microsoft. We want to position ourselves as the
smart solutions provider for Microsoft Dynamics solutions, and thus profit
from the expected disproportionately high growth in this segment’, says
Chief Executive Officer Michael Hofer, commenting on the strategy of BRAIN
FORCE.
Contact:
BRAIN FORCE HOLDING AG
Thomas Melzer
Karl-Farkas-Gasse 22 / 4. OG
A-1030 Vienna
t +43 (0)1 263 09 09 – 12
f +43 (0)1 263 09 09 – 40
investorrelations@brainforce.com
26.02.2010 07:40 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at
www.dgap-medientreff.de
and
www.dgap.de
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Language: English
Company: BRAIN FORCE HOLDING AG
Karl-Farkas-Gasse 22 / 4. OG
A-1030 Wien
Österreich
Phone: +43 (0) 1 2630909-0
Fax: +43 (0) 1 2630909-40
E-mail: investorrelations@brainforce.com
Internet: www.brainforce.com
ISIN: AT0000820659
WKN: 919331
Listed: Foreign Exchange(s) Wien
End of News DGAP News-Service
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