Ad-hoc | 11 February 2003 08:00

BETA Systems Software english

Beta Systems to take over operational business of SYSTOR Security Solutions GmbH Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Beta Systems to take over operational business of SYSTOR Security Solutions GmbH Berlin/Cologne, February 11, 2003 – Beta Systems Software AG, Berlin, (Prime Standard: BSS) is to assume control of the operational business of SYSTOR Security Solutions GmbH, Cologne, a subsidiary of insolvent Systor AG, Zürich, with immediate effect. The contract agreement provides for the acquisition of all product rights of the Security Administration Manager (SAM) product line, the acquisition of customer and service contracts, and the absorption of approximately 80 employees in development, sales, and services at company locations in Cologne and Washington D.C. SAM is used by many large-scale enterprises in Germany, Europe, and North America for central and cross-system administration of user rights. As a result, the planned consolidation of management and sales activities will serve to bring about an immediate synergy effect. The operational business of SYSTOR Security Solutions GmbH had a narrow profit margin in the 2002 financial year. As a result of its investments, Beta Systems Software AG expects an additional revenue volume of around 10 million Euro for the 2003 financial year, which is largely ensured by existing maintenance and service contracts. Moreover, in addition to the purchase price of just over 1 million Euro, the company management anticipates integration costs of app. 1 million Euro in total in the first half of 2003, which can be financed using current cash flow. The aim of achieving a sustainable increase in the Beta Systems Group’s profitability in the first half of 2003 will not be affected by the purchase. end of ad-hoc-announcement (c)DGAP 11.02.2003 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: With its Beta 88 zSecurity Suite products, the Data Center Management business unit at Beta Systems is currently the market leader in Europe for software products used to administer and test IBM RACF security systems. By integrating SAM into the range of products offered by the Beta Systems business unit, it will be possible to expand this IT security solution which is implemented on the mainframe to include a company-wide and cross-platform security management system. The administration of user rights for mainframe and other decentral systems, such as SAP R/3 or Windows, can be centralized by means of role-based assignment of rights via SAM, while supporting processes and increasing efficiency at the same time. Karl-Joachim Veigel, CEO of Beta Systems Software AG, commented, “For a long time now, security management in large-sized data processing centers and for IT providers has been one of our company’s core areas of expertise. The strategic expansion of Beta 88 zSecurity Suite allows us to gain new customers and to offer existing Data Center Management customers a wider range of services. Our company’s aim is to significantly improve our competitive position as an important European infrastructure software provider within the fast-growing IT security management market in Europe. This investment is also the first step in our ‘Go ahead Beta’ program, in which growth that is achieved by our own means is coupled with targeted investments in our core business areas. We are confident that these measures will allow us to greatly increase the value of the entire company for our customers, shareholders, and employees at a manageable financial cost.” Investor Relations Arne Baßler Beta Systems Software AG Tel.: (030) 726 118 -170 Fax: (030) 726 118 – 881 E-mail: arne.bassler@betasystems.com ——————————————————————————– WKN: 522440; ISIN: DE0005224406; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover und Stuttgart 110800 Feb 03