Effective January 1, 2015, USU Software AG (Frankfurt, Prime Standard, ISIN DE000A0BVU28), Möglingen, ("USU") has acquired all shares in SecurIntegration GmbH, Cologne, ("SecurIntegration") to expand its portfolio in the field of software license management. The purchase price of the shares to be paid in cash consists of a fixed component and an earn-out component and, depending on the future performance of SecurIntegration, will be between approximately EUR 1,0 and EUR 3,0 million.
The Management Board and Supervisory Board of USU approved the acquisition at their meeting today. The Management Board of USU and the shareholders of SecurIntegration will sign the contracts for the purchase of the shares soon.
SecurIntegration is a software company specializing in SAP license optimization that has created the de facto standard for SAP license management with its proprietary Software License Compliance (SLC). USU Software AG's new subsidiary therefore ideally supplements the existing software license management portfolio of the USU Group. SecurIntegration was founded in 2001 and currently employs 15 people. Its customers include renowned companies such as Continental, Dätwyler and AMAG.
In fiscal 2014 SecurIntegration generated sales of around EUR 1.5 million and a positive operating result.
The Management Board and Supervisory Board of USU approved the acquisition at their meeting today. The Management Board of USU and the shareholders of SecurIntegration will sign the contracts for the purchase of the shares soon.
SecurIntegration is a software company specializing in SAP license optimization that has created the de facto standard for SAP license management with its proprietary Software License Compliance (SLC). USU Software AG's new subsidiary therefore ideally supplements the existing software license management portfolio of the USU Group. SecurIntegration was founded in 2001 and currently employs 15 people. Its customers include renowned companies such as Continental, Dätwyler and AMAG.
In fiscal 2014 SecurIntegration generated sales of around EUR 1.5 million and a positive operating result.
