Founder Guido Alt resigns from the caatoosee ag Management Board
Following 13 years at the top, Guido Alt is leaving the Company of his own free will in order to move on to further challenges. "I have experienced many highs and lows with caatoosee. As an Internet start-up company in the nineties, we were making profits from day one which then also led to an IPO, oversubscribed by 42, in September 2000. But then at the height of our expansion the IT crisis struck us with full force." caatoosee was restructured between 2002 and 2005. The online service provider and software producer then developed into an outsourcing specialist."The restructuring was difficult but ultimately successful", commented Alt, "we shrank from 1200 colleagues to 500 and then to 120. Now we're in perfect health." Today, caatoosee one again has a strong capital base with an equity ratio of almost 80%. "Thanks to the sale of our Indonesian subsidiary Sigma and due to operating profits and the authorised capital, we now have a sumptuously filled war chest in the double-digit millions," said Alt. "Because of this, the Company is in a prime position to deal with the markets which are consolidating and can now once again go on the attack." caatoosee primarily provides services for SMEs, services that assist in designing more economic processes. "The good news is that our customer base has significantly diversified over the past two years. Today, we no longer have any large customers that contribute more than 30% to revenue. We are also optimistic that we can quickly convince more new customers of the benefits of our offering."
The Management Board and the Supervisory Board of caatoosee ag have noted Mr. Alt's decision with great regret. "Guido Alt's departure does not simply mean the departure of the founder, but rather one of the last faces of the New Market. It is very easily forgotten in public debate that caatoosee managed the rare feat of surviving the difficult phase in the market shakeout. Guido Alt contributed significantly to this," commented Reimund Blessing, member of the caatoosee ag Supervisory Board.
Guido Alt would like to remain associated with the Company as a shareholder. "Over all the years on the stock exchange, I have never sold any significant amount of shares and therefore acted different to so many others in the New Market," says Alt, "for this reason, caatoosee will remain an exciting investment for me, now with a little distance as a shareholder. For me, 47 represents the point in time where I need to readjust myself once again."
caatoosee ag, which is listed in the Prime Standard (German Securities Code Number: A0EPUK; ISIN: DE 000A0EPUK5) and headquartered in Leonberg near Stuttgart, operates in the fields of IT outsourcing and services. Management Board: Guido Alt (CEO), Stefan Ahrens (CFO), Michael Grünschloß (COO). Supervisory Board: Reimund Blessing (Chairman), Hans Ulrich Dörr, Dirk Alt, Rolf Huber, Günther Paul Löw and Jan Tenné.