Ad-hoc-Announcement

Acquisition

BRAIN FORCE HOLDING AG acquires a growth company in the 'Software as a Service' sector

Ad hoc announcement transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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BRAIN FORCE HOLDING AG takes over with immediate effect 100 percent of
shares in SolveDirect.com Internet-Service GmbH, Vienna, thereby extending
its product portfolio in the growth market of Software as a Service.
SolveDirect is expected to achieve sales in the range of EUR 5 million and
an EBIT margin of 20% this year. The profitability of SolveDirect is
expected to clearly increase following integration into the BRAIN FORCE
group thanks to existing distribution channels and economies of scale.

BRAIN FORCE has acquired SolveDirect, which in the past has realized
excellent results in terms of both sales and profit, for EUR 9 million. One
third of the purchase price will be paid using BRAIN FORCE’s own stock. Two
thirds of the shares are subject to a lock-up for the next 6 / 12 months.

By this acquisition, BRAIN FORCE completes its IT management software suite
which can now be sold as 'Software as a Service'. This will reduce sales
costs and also implementa-tion times at the customers' premises, a benefit
which is of particular importance to SMEs.

The results for the first half year will be published on August 27, 2007.

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Information and Explaination of the Issuer to this News:

SolveDirect is a provider of IT service management software which is fully
compliant with the ITIL standard. SolveDirect's product range will complete
the BRAIN FORCE IT man-agement suite.

By this move, the BRAIN FORCE group, a managed service provider with a
matching product range, will enter a growth segment which, according to
analysts, already today has a volume of some EUR 1 billion in Europe alone
and is expected to see an annual growth rate of approx. 25 percent.

Using the SolveDirect technology, the BRAIN FORCE IT management suite can
now be offered as 'Software as a Service' (SaaS). Against this background,
this latest take-over helps BRAIN FORCE to serve particularly medium-sized
companies by delivering its soft-ware extremely conveniently and flexibly
in the form of a service. To be precise, BRAIN FORCE will take care of the
software operation, so that customers need not contribute any of their own
know-how or resources. Currently there is no competitor who can fulfil
these requirements and is therefore able to address the medium-sized
market. This will greatly support BRAIN FORCE's future growth pattern.

A major benefit of the SaaS concept is associated with the software being
offered by sales partners all over the world with no need to build up
integration knowledge locally. This will considerably speed up market entry
in new regions which can be successfully achieved with much reduced upfront
investments. BRAIN FORCE already announced on June 19 the establishment of
a new subsidiary in the USA which will be responsible for selling BRAIN
FORCE's complete IT management suite to the world's largest IT market.

SolveDirect serves about 150 customers including Sparkassen Informatik,
Allianz, Gene-rali Versicherungen, Media Markt, Karstadt and Hornbach.
Furthermore, the company maintains close business relationships with
integration partners such as T-Systems, Atos Origin, Siemens Business
Services and Hewlett Packard.


Contact:
BRAIN FORCE HOLDING AG 
Martin Kögel
Wilhelm-Wagenfeld-Straße 30
D-80807 München
Phone: +49 (0) 89 74833-985
Fax: +49 (0) 89 74833-920
mailto: martin.koegel@brainforce.com



(c)DGAP 06.07.2007 
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Language:     English
Issuer:       BRAIN FORCE HOLDING AG
              Wagramer Straße 19
              A-1220 Wien Österreich
Phone:        +43 (1) 2630909-0
Fax:          +43 (1) 2630909-40
E-mail:       postoffice@brainforce.com
Internet:     www.brainforce.com
ISIN:         AT0000820659
WKN:          919331
Indices:      
Listed:       Amtlicher Markt in Wien; Geregelter Markt in Frankfurt (Prime
              Standard); Freiverkehr in Berlin-Bremen, Hamburg, Düsseldorf,
              München, Stuttgart
 
End of News                                     DGAP News-Service
 
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