Fabasoft AG

Fabasoft AG has increased its stake in Mindbreeze GmbH

DGAP-News: Fabasoft AG / Key word(s): Investment
Fabasoft AG has increased its stake in Mindbreeze GmbH

20.04.2021 / 18:58
The issuer is solely responsible for the content of this announcement.

Due to the positive development and strategic importance of the Mindbreeze business within the Fabasoft Group, Fabasoft AG increased its 76% stake in Mindbreeze GmbH to 85.5% of the company shares on 20.04.2021. The shares were purchased from the Management of Mindbreeze GmbH, which had previously held 24%. The Mindbreeze Management, which remains fully "on board", now holds 14.5% of shares after the transaction. The purchase price was determined on the basis of a company valuation carried out by E&Y Wirtschaftsprüfungsgesellschaft m.b.H. The parties have agreed to keep the purchase price confidential.

Mindbreeze is a leading provider of appliances and cloud services for enterprise search, applied artificial intelligence, and knowledge management. The Mindbreeze insight engine understands information and provides a consolidated view of corporate knowledge, regardless of where (data sources) and how (structured, unstructured) the data is stored.

Fabasoft is a European software manufacturer and provider of cloud services. Fabasoft's software products and cloud services ensure the consistent capture, organisation, secure storage and context-sensitive finding of all digital business documents as well as the media-neutral multichannel publishing of digital contents (www.fabasoft.com).

Fabasoft AG (ISIN AT0000785407; WKN 922985; Bloomberg Code FAA GY; Reuters Code
Linz, 20 April 2021
Leopold Bauernfeind, Member of the Managing Board
E-mail: [email protected], Telephone: +43 732 60 61 62

20.04.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Fabasoft AG
Honauerstraße 4
4020 Linz
Phone: +43 732 606 162
Fax: +43 732 606 162--609
E-mail: [email protected]
Internet: www.fabasoft.com
ISIN: AT0000785407
WKN: 922985
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart
EQS News ID: 1186863

End of News DGAP News Service

1186863 20.04.2021