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ots Ad hoc-Service: itelligence AG <DE0007300402> itelligence acquires e.coetry to become the leading SAP/MySAP reseller in the US

Frankfurt (ots Ad hoc-Service) -

Ad hoc-announcement edited and sent by DGAP. The sender is solely
responsible for the contents of this announcement.
The acquisition of e.coetry in
the US marks another milestone in itelligence AG's
internationalization strategy. e.coetry holds the SAP/MySAP
distribution rights in six US states.
Background: SAP sells into the US SME market (comprising 240,000
small and medium-sized companies) through eight selected partner
companies - among them itelligence. These companies act as exclusive
resellers of SAP/MySAP products to medium-sized companies in specific
states.
The acquisition of e.coetry expands itelligence's distribution
area from seven to thirteen US states; itelligence now covers the
entire area from the Northern American industrial belt with states
such as Illinois, Indiana, Wisconsin and Pennsylvania and major
economic centres such as Chicago, Milwaukee, Pittsburgh and
Indianapolis down to Texas and industrial centres such as Dallas and
Houston. The US market for SAP- enterprise and e-business software is
characterized by sustained growth - from 1997 to 1999 it posted an
aggregate growth rate of 75%. At approx. 100% growth in the SME
segment was even faster. Compared to Europe, tapping of this market
potential has just begun in the US.
While SAP reselling remains a highly lucrative business, the
related consulting, service and customization activities generate
even higher revenues in the US. Here - at the heart of the IT value
chain - itelligence can leverage its expertise perfected over many
years of operation in Europe: the company's experience ranges from
proprietary vertical-industry solutions to individual IT technologies
which are key for the optimization of IT solutions (JWAM, eFrame,
etc.). "Agency", a new vertical-industry package, has also been
already sold in the US - to Brann Worldwide, the biggest direct
marketing agency of the world.
itelligence offers its open software concept to all customers. To
achieve optimum individual solutions, itelligence also offers
components from other suppliers (from Intershop to Commerce One).
itelligence AG now holds an important position in the US. Its
thirteen states account for 33% of the total US SME market (approx.
80,000 companies). Currently, the company's US sales amount DM 60
million. In addition, itelligence AG already has consulting branches
(so far without reseller status) in five other major centres: Atlanta
(Georgia), Cincinnati and Cleveland (Ohio), Minneapolis (Minnesota)
and New Jersey. The company currently has 140 employees and some 180
customers (most of them small and medium-sized companies) in the US.
Rapid further expansion is planned.
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