Software will acquire US based Macola Technologies Inc.
Delft, February 7, 2001
On the day Exact Holding NV ("Exact") announces its results for the financial year 2000, the Dutch based software company also announces that it has signed an agreement to acquire the US based company Macola Technologies Inc.
Macola has a prominent market position in the middle market of ERP solutions, based on and around manufacturing organizations in the United States. With some 250 employees and a revenue of Euro 30 million, Macola sets the foundations for the Exact group to increase its global presence in to the United States. " This acquisition is of strategic importance to the Exact Group. It establishes a solid platform for Exact to launch its e-Synergy products in to the United States", comments Eduard Hagens, CEO of Exact Software.
expects that this acquisition will have a cost neutral effect on the
profit for 2001. The acquisition will be funded partly by cash (75%) and
the remaining by shares (25%).
Technology Inc. is based in Ohio. The
organization focuses its core business activity in the sales, marketing,
support and development of accounting, distribution and manufacturing
software for medium to large enterprises. The
products from Macola are branded under the name "Progression",
and are based on standard technology from Microsoft and supported by
MS-SQL. The sales strategy of
Macola is based around a strong and loyal nationalwide reseller channel
across the United States, and by a number of distributors in foreign
markets. Macola's client base of about 7,000 costumers has proved to be
highly loyal, which results in a stable recurring maintenance revenue.
on the acquisition
Hollinger, CEO of Macola Technologies: "This merger will allow Macola
to expand its competitive product offering with the integration of
e-Synergy. Both Macola and Exact are channel focused companies that
recognize the value of our Business Partners."
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Exact Software will acquire US based Macola Technologies Inc.