EASY SOFTWARE AG: Acquisition of Systec GmbH

  • IT company with direct end customer reference
  • Integration in the existing business
  • Regional strengthening of consulting business

Mülheim an der Ruhr (Germany), January 10, 2018 –  EASY SOFTWARE AG (ISIN: DE0005634000), a leading developer and provider of cross-platform solutions in electronic archiving, document management and enterprise content management, acquired Systec GmbH, a Bielefeld-based IT company for document management. Founded in 1983, the Bielefeld-based IT company for document management with its nine employees recently generated external sales amounting to about €2 million, with more than €1 million of these through EASY SOFTWARE AG. The transaction is made as part of a share deal; it applies retroactively to January 1, 2018. The purchase price amounts to a maximum of €1.5 million.

After purchasing the ECM business sector of Schleupen AG last year, EASY SOFTWARE again strengthens inorganic growth by acquiring a former sales partner. However, unlike Schleupen Systec has essentially direct end customer access to a variety of interesting enterprises. Moreover, the existing trusted relationship makes integration easier. EASY will also win qualified employees, strengthening its regional position in the German states of Lower Saxony and North Rhine-Westphalia. “With this purchase, we are strengthening our presence in the named region. Through this we will win new, competent employees and underpin our growth,” says EASY CFO Thorsten Eska, explaining the background to this strategic acquisition.

The opportunity for the purchase emerged in that Karl-Heinz Claes, managing director of Systec, was looking for a successor solution in order to dedicate his time in future to other projects. Transitionally, however, he will be a consultant to the company even after the acquisition: “In EASY SOFTWARE AG we found a buyer who shares our claim to reliability, competency, and customer proximity and who is excellently positioned to serve the increasing demand of midsize businesses for solutions to increase the efficiency of document-bound business processes.”

EASY SOFTWARE AG

The Management Board

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About EASY SOFTWARE

For 30 years, Essen-based EASY SOFTWARE has been developing intuitive, customized software products for customers to digitize business processes, seamlessly integrate with existing systems, and automate, mobilize, and optimize their customers' workflows worldwide. EASY provides these solutions on-premises and cloud-native.

With over 13,600 cross-industry installations, EASY SOFTWARE is one of the market leaders for ECM, DMS and P2P solutions in German-speaking countries. Since its foundation in 1990, EASY SOFTWARE has been active in 60 countries. The company has a network of around 100 partners. Its international subsidiaries are located in Europe, Asia and the USA.