Mülheim an der Ruhr (Germany), January 10, 2018 – EASY SOFTWARE AG (ISIN: DE0005634000) acquired Systec GmbH, a Bielefeld-based IT company for document management. 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.
Founded in 1983 and a longtime partner of EASY SOFTWARE AG, Systec GmbH with its nine employees recently generated external sales amounting to about €2 million, with more than €1 million of these through EASY SOFTWARE AG. Through the intended integration, EASY SOFTWARE AG will win qualified employees for Consulting and Sales & Distribution. This will allow it to strengthen its regional position in the German states of Lower Saxony and North Rhine-Westphalia and get direct access to many interesting end customers.
EASY SOFTWARE AG
The Management Board