Exclusive negotiations between Axway and the shareholders controlling Systar for the acquisition of 61% of Systar's shares
The completion of the acquisition of Systar's controlling block will lead Axway to file a simplified tender offer at the same price of € 5.97 per share, targeting Systar's remaining outstanding shares, in accordance with applicable regulations.
Revenues and results for the third quarter of fiscal year 2013-2014, will be released on April 23rd, 2014
Over 180 clients worldwide, including 10 of the world's 15 largest banks, rely on Systar's performance management software to transform their business and IT operations from reactive to proactive, solving problems prior to impacting the business. Systar is widely regarded as the leading provider of Business Activity Monitoring (BAM) solutions and offers innovative Virtualization Management and IT Governance software for physical and virtual server environments.
Systar is listed on the NYSE Euronext Paris Stock Exchange (ISIN: FR0000052854-SAR), and has offices in North America and Europe. More information about Systar is available at www.systar.com.