Update on offer for the shares in Teta S.A.
UNIT4 N.V. (â??UNIT4â?), a leading global business software supplier, listed on Euronext Amsterdam by NYSE Euronext, which on 31 May 2010 announced a public tender offer (the â??Offerâ?) to acquire 100% of the shares in Teta S.A. (â??Tetaâ?), today announces that, as at 5 July 2010, the subscript
Sliedrecht (July 06, 2010) –
UNIT4 N.V. (“UNIT4”), a leading global business software supplier, listed on Euronext Amsterdam by NYSE Euronext, which on 31 May 2010 announced a public tender offer (the “Offer”) to acquire 100% of the shares in Teta S.A. (“Teta”), today announces that, as at 5 July 2010, the subscriptions made under the Offer covered more than 90% of the total number of shares in Teta. As a result, the conditions for the Offer have been met.
For any further enquiries please contact:
UNIT4 NV
Chris Ouwinga, CEO or Edwin van Leeuwen, CFO
Tel.: +31 (0)184 444 444
Fax: +31 (0)184 444 463
E-mail: edwin.van.leeuwen@unit4.com
About UNIT4
UNIT4 is a global business software and services company aimed at helping dynamic organizations to embrace change simply, quickly and cost effectively in a market sector it calls ‘Businesses Living IN Change’ (BLINC)(TM). The Group incorporates a number of the world’s leading change embracing software brands including Agresso Business World and CODA financial management software.
For mid-sized services intensive organizations, UNIT4 markets the Agresso Business World ERP suite that is widely acknowledged as the business software solution that delivers the lowest Total Cost of Change. This is achieved thanks to its VITA(TM) architecture which allows for ongoing, post-implementation changes without the typical external IT costs and services that cost firms huge sums of money each year.
CODA Financials is our award-winning suite of best-of-class financial management software designed to integrate with your industry- and company-specific applications. CODA’s LINK(TM) architecture sets it apart from ordinary accounting systems by providing a financial information backbone for companies with fast-changing and mixed application environments. It is a global accounting solution for mid-to large sized organizations, offering a “no compromise” approach to financial modeling, process control and application choice.
UNIT4 is a top six mid-market ERP software player globally and the 2nd largest European ERP supplier. With offices in 13 European countries, as well as 6 countries across North America, Asia Pacific and Africa and sales activities in several other countries, a revenue of EUR379.4 million was realized in 2009. UNIT4 is headquartered in Sliedrecht, the Netherlands. The company has 3,456 employees (31 December 2009).
UNIT4 is listed on Euronext Amsterdam by NYSE Euronext and is included in the Amsterdam Smallcap Index (AScX). For more information on UNIT4 or any of its operating companies, please visit the website at www.unit4.com.
About Teta
Established as a limited liability company in 1987 (converted into joint stock in 1998), Teta is a medium-sized provider of ERP, HR, Business Intelligence and e-commerce software solutions to small, medium and large corporate and government clients. It has a leading position in the Polish ERP and HR software market and a strong presence in Hungary through its subsidiary VT-Soft, with a portfolio of more than 2,000 customers. The company has been listed on the Warsaw Stock Exchange since November 2005.
Source: UNIT4