ots Ad hoc-Service: DataDesign AG <DE0005527105> DataDesign AG sets the course for the introduction of their subsidiary on the stock exchange
Munich (ots Ad hoc-Service) -
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Software4You Planungssysteme GmbH plans IPO in 2001
DataDesign AG reduces its 49% participation in Software4You Planungssysteme AG, Martinsried, to 9%.
Effective as of 12/28/2000, the shares of Software4You Planungssysteme AG were directly reallocated to a well-known venture capital company, which provides an additional four million German Marks for the continued expansion and the planned introduction on the stock exchange. "This way, we are sure that the young company receives optimum support in the preparations for the planned introduction on the stock exchange in the year 2001," commented Roy von der Locht, chairman of the board of directors of DataDesign AG regarding the transaction. "Since we are convinced that Software4You Planungssysteme will continue to be successful, we are keeping a 9 percent minority participation as a promising financial investment."
Software4You Planungssysteme is already profitable in Germany. However, the initiated setup of a branch office in the USA two years ago still requires investments.
Personally assisting the introduction of the subsidiary on the stock market was not possible for Roy von der Locht for strategic reasons: "DataDesign AG is just now successfully placing new products on the international market. This requires a clear focus on our core competencies."
The business area of E-Contracting alone with the innovative product "NetContracter" is expected to generate more than 50% of the overall turnover of DataDesign AG in 2003. E-Contracting is the secure and (more important) legally binding conclusion of a contract in the Internet and is therefore the actual backbone of E-Commerce. Companies use NetContracter to carry out account opening or credit applications in the Internet and to conclude insurance agreements and trade agreements for high-quality industrial goods and services. This market is just entering a growth phase and offers enormous potential comparable to the growth rates of the past few years in the areas of E-Shopping or E-Banking.
The proceeds from the reduction of the participation of 2.5 million DM will be used for the further international expansion of the Munich-based software company.
Contact:
DataDesign AG Gerhard Weichenhain Fürstenrieder Straße 267 D-81377
München Telefon: +49 (89) 7 41 19 110 Telefax: +49 (89) 7 41 19 598
E-mail: G.Weichenhain@datadesignag.com http://www.datadesign.de
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Original content of: DataDesign AG, transmitted by news aktuell