| Exact Software to Acquire Longview Solutions |
 |
 |
|
September 17, 2007 Strategic Acquisition of Leading Corporate Performance Management (CPM) Software Company to Enrich Exact’s Solution Portfolio Beyond Traditional ERP Delft, the Netherlands and Toronto, Canada - September 17, 2007 - Exact Software, one of the world’s leading providers of business software solutions and Longview Solutions, a leading provider of Corporate Performance Management (CPM) software solutions, today jointly announced the signing of an agreement for Exact to acquire Longview. This strategic acquisition will strengthen Exact’s business empowerment software portfolio by adding Longview’s powerful CPM platform, and will accelerate Exact’s expansion into the higher end of the mid-market. In turn, Longview will benefit 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. The planned acquisition contemplates an all-cash purchase price of approximately USD 51.5 million on a cash-free and debt-free basis, representing a revenue multiple of 1.8. The acquisition is expected to enhance Exact’s cash EPS from the beginning, but will have limited impact on Exact’s net result in 2007 due to the transaction date. The transaction is subject to customary closing conditions and is expected to close on or before November 15, 2007. ”The strategic fit of this acquisition is excellent. Longview will broaden our solution portfolio beyond traditional ERP and the complementary market focus facilitates our expansion in the higher end of the mid-market,” said Raj Patel, CEO of Exact. “We are very excited about and absolutely committed to Longview’s proven technology, the quality and knowledge of its employees, and its diverse and distinguished customer base. It also enables our mid-market customer base to benefit from Longview’s experience and expertise in performance management. This is a milestone for Exact in executing our strategy towards becoming the leading business empowerment software company.” “We are very excited to be joining the Exact family. The two organizations and our respective product suites complement each other very well,” said Mark E. Burton, President and CEO of Longview. “Longview has long been recognized as a visionary and technology leader in corporate performance management. This acquisition will allow us to continue to deliver on Longview’s technology roadmap and accelerate the execution of our sales and marketing strategy. In addition, we believe that a significant number of our customers could benefit from the Exact e-Synergy platform.” Webcast Details Exact will review details of the planned acquisition at 8:00 h EDT and 14:00 h CET, today, September 17, 2007. Viewers can access via webcast at www.exactsoftware.com. 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. Exact Software Media Relations Leoni Janssen Edelman Phone: +31 (0) 20 3010980 e-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it Investor Relations Léon Albers Tel: +31 (0)15 7501218 e-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it 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: This e-mail address is being protected from spambots. You need JavaScript enabled to view it Longview Solutions Inc. 65 Allstate Parkway Suite 200 Markham, Ontario L3R 9X1 Canada |
