Zaltbommel, 1 July 2010 - Qurius has made the strategic decision to sell its Infor ERP LN business to Infor and to invest in complementary technology and people to strengthen its proposition as leading system integrator. Proceeds from the sale of Infor ERP LN business are EUR 4 million cash.
Currently, the Qurius Infor ERP LN activities form a healthy part of our business, however, in the light of future developments, Qurius has decided to sell this component and strategically use the proceeds of the transaction to strengthen its core business of Microsoft technology based platforms and solutions. In that light the company is actively looking for further investments in high margin products and solutions.
Business Intelligence (BI) is an essential component in our sustainable solutions offering and is a very high margin business. Therefore Qurius will continue to invest in technology and expertise in this field. We are close to the acquisition of a consultancy group of BI-specialists in one of our major countries, which fits this strategy. System integration is becoming increasingly important in order to enable our customers to truly optimize their business processes and workflows. On the 3rd of June, Qurius announced the acquisition of 8 developers from the Dutch company OneDev, specializing in platform technologies such as SharePoint, .Net, BizTalk and CRM.
Leen Zevenbergen, CEO: "We are aware of the impact of this decision on our colleagues within the Infor ERP LN business and I want to thank them for their contribution to Qurius' success over the past years. For them Infor offers a good future perspective. At the same time we are very happy to be able to further align and strengthen our product and services portfolio and to acquire enthusiastic companies with great experience and expertise that help us build our company into the leading European company in sustainable IT. "
The divestment of our Infor ERP LN business includes around 60 ftes, mainly consultants, from Germany, Spain and Italy. Net sales from the Infor ERP LN business YTD (until May 2010) is 4.8 million EUR. EBIT contribution YTD (until May 2010) is EUR 1.0 million. The transaction result will approximately have a positive 3 million P&L effect.
Qurius NV Qurius provides technology answers: design, architecture, infrastructure, deployment and systems management of Microsoft-based business and IT solutions. Headquartered in Zaltbommel, the Netherlands, we serve customers across Europe, including Belgium, Germany, Italy, the Netherlands, Spain, the United Kingdom and the Czech Republic. In 2010, we openly declared a target of 100 per cent sustainability by 2014. A bold objective, designed to drive the company to European leadership in the field of sustainable ICT. We aim to be the number one choice for customers with the same ambition and the same sustainability goals. Qurius has been publicly quoted on Euronext Amsterdam since 1998. For more information, visit
www.qurius.com.
ContactQurius NV, Suzanne Schaapman, Manager Investor Relations, s.schaapman@qurius.com; +31(0)418683500.