n.runs makes capital increase placement
Subscribed capital increased by 8.7 percent / Funds inflow to be used for reorganization and further growth in consulting / Spin-off of the software solution aps-AV® planned
Today the Managing and Supervisory Board of n.runs AG have decided to increase subscribed capital, currently noted at EUR 1.15 million, in exchange for cash contributions. The capital increase was placed with institutional investors and under the exclusion of subscription rights. An issue price for the new shares was determined based on and close to the current stock exchange price. The transaction is being handled by Close Brothers Seydler Bank AG.
The funds from the capital increase will be used for reorganization of the company and for the further growth of the profitable consulting business. n.runs is planning to spinoff the existing software aps-AV® into a legal entity. Discussions with a number of potential cooperation partners are currently taking place. After reorganization, the company will again be positioned as a pure IT consulting house. n.runs AG had built up the segment IT applications, in which high security software solutions were developed, from the core business IT consulting over the last few years. As a result of the current difficult economic situation and the requirement for higher investments for the further establishment and enhancement of this business segment, n.runs will no longer actively invest in this business area.
"The capital increase has put n.runs back on healthy financial ground and provides the profitable consulting business with new growth opportunities. If nothing else, this capital transaction illustrates investors' confidence in our core business," explains Andreas Bruns, Chairman of the Managing Board at n.runs AG.
n.runs AG, founded in 2001, is a multivendor provider of independent consulting in the area of IT security, IT infrastructure and IT business consulting. The services offered pursue an integral approach thus comprising audit/assessment, design, support for the application of latest technology, process consulting and finally, a transfer of knowledge to the customer. During 2007, the business model was expanded to include the IT applications field with the first successful in-house development and release of the Application Protection System - Anti Virus (aps-AV) security solution, which was especially developed for the protection and centralisation of antivirus infrastructures within companies. n.runs AG is a selected member of the Microsoft partner network SDL Pro Network. The Microsoft SDL Pro Network sector was announced in September 2008. n.runs, with the endorsement and support of Microsoft, will offer training courses and consulting services in the Security Development Lifecycle (SDL) program. n.runs AG is the first and only company on the European mainland to be selected as a member of the network by Microsoft. With 49 employees, the company generated sales of € 5.48 million in 2007. n.runs AG is listed on the Entry Standard of the Deutsche Börse AG (German Stock Exchange) since December 21, 2006.