Business-to-business interoperability software company TIE Holding N.V. (“TIE”) listed on the EuroNext Amsterdam Stock Exchange hereby announces the launch of a new look for TIE Kinetix on the TIE website at the start of it’s new Financial Year (October 1 – September 30). Traditionally on the last day of the Financial Year, the Employee Stock Option Plan was executed, offering stock options to all TIE employees worldwide.The successful launch of the TIE Kinetix platform in 2007 brought several large sales wins both in the USA and Europe and a number of large accounts in the pipeline. Current TIE Kinetix customers now include Homax and Quantore. Considerable effort has been invested into marketing TIE Kinetix and in 2008 we will step up that effort. With a fresh look (
www.TIEglobal.com) and a compelling proposition, TIE can look forward to a new year with many opportunities, especially in the US Master Data Management market (software and services) which is expected to grow from a USD 750m market in 2007 to USD 2.7 billion by 2010 according to analysts. With TIE Kinetix the company has the opportunity to be a substantial force in this market.
Available as both a software license and as a service (SaaS), TIE Kinetix enables customers to optimize internal business processes and enhances their ability to connect with external trading partners. TIE customers can use the latest technologies for webServices and workflow to build a powerful electronic framework for business collaboration. This improves the ability to create and fulfill demand timely, accurately and in an efficient en cost effective manner. TIE Kinetix is comprised of software applications for Master Data Management, Trading Partner Collaboration, and Digital Channel Communications, Business-to-Business Integration, including industry-leading XML/EDI and database translation engines.
Software as a service (SaaS) has continued to generate interest amongst TIE customers as they recognize the exceptional value in trusting an existing partner with TIE’s experience to manage critical business-to-business integration (B2Bi) exchanges. A considerable number of contracts has been signed in 2007, constituting a steady revenue stream for the coming year.
A total of 1.26 million options have been issued at a strike price of EUR 0.26 which is the closing price of the TIE stock on the last day of the Financial Year, Friday September 28, 2007. The options have a vesting period of three years and a full term of 10 years. All employees in the Netherlands, the USA and France have been awarded stock options. Members of the Supervisory Board have not been allotted stock options. The Management Board received 218.171 options, 133.326 for Dick Raman and 84.845 for Jan Sundelin.
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For TIE, 2007 has been an investment year,” said Dick Raman, CEO and President of TIE. “
We have truly re-invented ourselves with the launch of TIE Kinetix. We are now positioning ourselves at a much higher level, where can bring a unique proposition to the table for the market and especially for our existing customers who can build on the tools they already have from us. This year we saw strong revenue growth due to the launch of TIE Kinetix. Additionally we have opened up new revenue opportunities by providing TIE software as a specialized hosting and outsourcing service. As a result, TIE SaaS sales are increasing considerably which will produce a steady revenue stream in the coming years although it increased the costs for 2007. We are excited to start the new year with a new look and new opportunities in the market. ”
About TIE
TIE bridges the gap between online and traditional business, and helps industry and supply chain partners achieve electronic business collaboration without limitations. Our solutions are proven to lower costs, increase sales, optimize business processes, and improve efficiency while removing the barriers to eBusiness information exchange. Because we have decades of experience to share, TIE remains a key contributor to the development and implementation of global eCommerce standards. Today we are the partner that industry leaders turn to for business-to-business success. TIE is a publicly held company with offices in the United States, France, and the Netherlands.
Further information: TIE Holding N.V.
Dick Raman, President & CEO
Beech Avenue 180
1119 PS AMSTERDAM (Schiphol-Rijk)
The Netherlands
Tel: +31-20-658 93 33
Fax: +31-20-658 99 02
24 New England Executive Park
Burlington MA,
01803-5080 USA
Tel: +1-781-272 42 52
Fax: +1-781-229 04 77
e-mail:
info@TIEglobal.com Web site:
www.TIEglobal.com