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November 9, 2007
Delft, the Netherlands and Toronto, Canada - November 9, 2007 – Exact Software has successfully completed the strategic acquisition of leading CPM Software provider Longview Solutions to enrich Exact’s solution portfolio beyond traditional ERP.
On September 17, 2007 Exact Software, one of the world’s leading providers of business software and Longview Solutions, a leading provider of corporate performance management (CPM) software, jointly announced the signing of an agreement for Exact to acquire Longview.
This strategic acquisition strengthens Exact’s business empowerment solution portfolio by adding Longview’s powerful CPM platform and accelerates Exact’s expansion into the higher end of the mid-market. In turn, Longview benefits from Exact’s financial strength and geographic footprint as it continues to deliver best-in-class CPM software and services to the enterprise market and further expands into the mid-market.
Reiteration of Guidance for 2007
For 2007 Exact has given a guidance of organic license revenue growth of 6-8% and an EBIT margin of at least 20% excluding acquisitions. Subject to finding the right acquisition targets Exact has given a guidance of annualized revenue of € 300 million by the end of 2007 and at least 20% EBIT margin. These acquisitions will be in line with its defined M&A strategy and will be funded by using current cash availability and if necessary, leverage on the balance sheet. Acquisitions may initially have a limited negative impact on the EBIT margin due to the required amortization of acquired customer bases under IFRS.
About Longview Solutions Longview Solutions provides corporate performance management (CPM) software that leading companies like Trustmark, Time Warner, Home Depot, Ingersoll Rand, JC Penney and GE Healthcare use to drive performance with speed, visibility and financial integrity. Since 1994, many of the world’s most respected companies have been using our technology platform to create a single repository of financial truth from which statutory consolidation, management reporting, financial planning, modeling and analysis, budgeting, forecasting and tax reporting can be performed quickly and accurately, enterprise-wide. Longview is an Exact Software company headquartered in Toronto, Canada with additional offices in Philadelphia, Chicago (USA) and London (UK).
For more information visit www.longview.com.
About Exact Software Established in 1984, Exact Software is one of the world’s leading providers of business software solutions. Its integrated solutions comprise traditional enterprise resource planning (ERP) as well as related software solutions such as human resource management (HRM), customer relationship management (CRM), corporate performance management (CPM), project management and electronic workflow.
Exact Software is headquartered in Delft, the Netherlands and has offices in Europe; the Middle East; North, Central and South America; Asia; Australia and Africa. With around 2,500 employees, subsidiaries in more than 40 countries, and solutions available in 40 languages, Exact currently serves customers in more than 125 countries.
Revenues in 2007 amounted to € 252.1 million. Exact Holding N.V. has been listed on Euronext Amsterdam since June 1999. For further information about Exact Software visit www.exactsoftware.com.
Certain statements in this document constitute forward looking information. By its nature, such information generates risk and uncertainty because it concerns events in the future and depends on circumstances which then apply. Actual results could differ materially.
For further information:
Exact Software
Media Relations Leoni Janssen Edelman Phone: +31 (0) 20 3010980 e-mail:
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Investor Relations Léon Albers Tel: +31 (0)15 7501218 e-mail:
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Exact Holding N.V. Poortweg 6 2612 PA Delft P.O. Box 5066 2600 GB Delft The Netherlands
Longview Solutions
Media Relations Jennifer Bentley Phone: +1 905 940 1510 e-mail:
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Longview Solutions Inc. 65 Allstate Parkway Suite 200 Markham, Ontario L3R 9X1 Canada
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