Anite Group PLC
9 April 2001
Anite Group plc
('Anite')
Anite acquires Delta Partners SA for up to £2.15 million
Introduction
Anite, the European IT consultancy and services company, today announces that
it has entered into an agreement to acquire the majority of the issued share
capital (being 99.98%) of Delta Partners SA ('Delta'), a company specialising
in the development and provision of discrete telecoms software and consultancy
services in France, for a maximum consideration of £2.15 million.
The consideration comprises an initial consideration of £1.8 million ('Initial
Consideration'), plus a maximum earn-out of £350,000 payable on the
achievement by Delta of various profit targets to 31 December 2001 ('Earn-Out
Consideration') .
The Initial Consideration will be satisfied by the issue and allotment by
Anite on completion of 1,391,036 ordinary shares of 10 pence each in the
capital of Anite ('Anite Shares'), at the rate of £1.294 per
ordinary share. The Earn-Out Consideration will also be satisfied by the
issue and allotment of Anite Shares to the sellers.
NetQUAD
Delta, based in Toulouse France, owns the intellectual property rights in the
NetQUAD Network Modelling software suite. NetQUAD has become a market leader
in the modelling and simulation of complex multi-standard voice and data
networks and is widely used by major operators as part of their planning and
capacity analysis.
NetQUAD uses bespoke algorithms developed for Delta in European research
institutes to provide fast models to assist the design and evolution of
networks, delivering graphical reports of routing, sizing, and failure
analysis.
Anite Telecoms' Managing Director, Nigel Coxon, commenting on the acquisition,
said:
'Our strategy has been to build up our portfolio of products targeted at the
telecoms operators. Over the last 9 months, we have been very pleased by our
partner relationship with Delta, and impressed by NetQUAD. Bringing Delta
into the Anite group is an important step in the strategic development of our
business. It allows us to offer an integrated range of OSS software solutions
across Europe. Under the ICON banner, these solutions enable operators to
maximise their profitability from existing investments and will be key to
their success in the current climate.'
John Hawkins, Chief Executive of Anite Group Plc, commented:
'Our strategy has been to build Anite Telecoms by acquisition and organic
investment and this has proved highly successful with strong growth being
achieved over the last two years.'
'The acquisition of Delta marks another significant step in this strategy.'
- Ends -
For further information please contact:
Anite Group Plc 0118 945 0121
John Hawkins, Chief Executive
Anite Telecoms Limited 01252 775200
Nigel Coxon, Managing Director www.anitetelecoms.com
Jeremy Moss, Director
Golin/Harris Ludgate 020 7324 8888
Reg Hoare
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.