CHICAGO, December 20, 2005 – SSA Global Technologies, Inc. (NASDAQ: SSAG), a leading global provider of extended enterprise solutions and services, announced it has filed a Registration Statement on Form S-1 with the U.S. Securities and Exchange Commission relating to an offering of 9,000,000 common shares exclusively by selling shareholders. The underwriters of the proposed offering will have an option to purchase up to an additional 1,350,000 shares from selling shareholders to cover over-allotments, if any.
The selling shareholders will receive all net proceeds from the sale of common shares to be sold in the proposed offering and SSA Global will not receive any proceeds from the sale of common shares by the selling shareholders.
The secondary offering of common stock will be made through an underwriting syndicate led by J.P. Morgan Securities Inc. and Citigroup Global Markets Inc., as joint book-running managers, and Jefferies & Company, Inc., Lazard Capital Markets LLC, and Pacific Growth Equities, LLC, acting as co-managers.
When available, a copy of the prospectus relating to these securities may be obtained from J.P. Morgan Securities Inc., 1 Chase Manhattan Plaza, New York, New York 10081 or Citigroup Global Markets Inc., Brooklyn Army Terminal, 140 58th Street, 8th floor, Brooklyn, New York 11220.
A registration statement related to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
About SSA Global
SSA Global™ (NASDAQ: SSAG) is a leading provider of extended ERP solutions for manufacturing, distribution, retail, services and public organizations worldwide. In addition to core ERP applications, SSA Global offers a full range of integrated extension solutions including corporate performance management, customer relationship management, product lifecycle management, supply chain management and supplier relationship management. Headquartered in Chicago, SSA Global has over 50 locations worldwide and its product offerings are used by over 13,000 active customers in over 90 countries. For additional information, visit the SSA Global web site at www.ssaglobal.com
SSA Global™ is the corporate brand for product lines and subsidiaries of SSA Global Technologies, Inc. SSA Global, SSA Global Technologies and SSA GT are trademarks of SSA Global Technologies, Inc. Other products mentioned in this document are registered, trademarked or service marked by their respective owners.