Acquisition of Stas gives Imtech strong position in German business intelligence market

(PresseBox) ( Hamburg, )
Gouda - Imtech (technical services provider in Europe) has announced that it is acquiring the business intelligence specialist Stas GmbH. In 2007, revenue of more than 5 million euro was realised, with a staff of 50. The acquisition will directly contribute to the revenue per share. The management of STAS will remain in place after the acquisition, guaranteeing continuity.

Chairman René van der Bruggen comments: 'Business intelligence, dominated by software market leader Cognos - acquired last year by IBM - is one of the fastest-growing ICT markets in Europe. In the Netherlands, Imtech already holds a strong Cognos position. With the acquisition of STAS, a top-3 Platinum Cognos Partner, the position on the German business intelligence market will be significantly strengthened. Stas's Cognos position and know-how, combined with Imtech's strength on the German ICT market should lead to appreciable growth acceleration. At the same time, we're tightening our partnership ties with IBM and Microsoft. Imtech has the ambition to eventually become one of IBM and Microsoft's strongest partners in Europe.'

Stas Profile

Founded in 1991 and located in Reilingen, near Heidelberg, Stas is a fast-growing specialist in software for business intelligence, providing solutions for both IBM Cognos (90%) and Microsoft Cubeware (10%). Stas is a top-3 Platinum Cognos Partner and one of the biggest Cognos partners in Germany. The company has some 600 clients and 450 service contracts with a good spread across the industrial, banking, commerce and financial service-providing sectors. Stas markets its successful solutions under the name Stas Control. These solutions comprise modular intelligence software intended for medium-sized enterprises (100-2000 employees) dealing with CRM, sales, procurement, financial reporting, accounting, HRM and production. Stas manages the entire service spectrum, from advising and consultancy to implementation, training and support. Licences, services and maintenance substantially contribute to the revenue.

Synergy

Imtech's German ICT division (Fritz und Macziol and Infoma®), with more than 2,500 ICT clients, is one of the strongest players on the German ICT market. Stas's strong Cognos position, combined with the IBM network and Imtech's extensive clientele in Germany enables fast growth.

Imtech Strategy

Imtech combines ICT, electrical and mechanical engineering in order to create complete technical solutions. The proportion of information and communication technology is growing rapidly. Imtech's total technological solutions are increasingly dominated by business intelligence and umbrella ICT applications. Strategically, the expansion of Imtech's European ICT activities is also important. Imtech is focusing specifically on strengthening this position as business partner to IBM and Microsoft. In the Netherlands, Belgium, Germany, Switzerland, and the UK, Imtech has already built up a strong position on the ICT market as an IBM and Microsoft partner. With the acquisition of Stas, which fits perfectly into the strategic framework, the ICT position in Germany will be further strengthened. Earlier this year, Imtech already acquired ICT companies in the UK, Belgium and Switzerland with total revenue of 59 million euro.
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