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ots Ad hoc-Service: BEKO Holding AG
BEKO Holding AG Acquires a 10% Participation in TeleTrader.com Software AG
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Vienna (ots Ad hoc-Service) - BEKO Holding AG Acquires a 10%
Participation in TeleTrader.com Software AG.
BEKO Holding AG has announced that, effective immediately, it has acquired a 10% participation in the Austrian company, TeleTrader.com Software AG. Simultaneously, Prof. Ing. Peter Kotauczek, CEO of the BEKO Holding AG, has been elected a member of the board of the TeleTrader.com Software AG.
In the future, this partnership should produce synergy effects and advantages for both parties. TeleTrader will take advantage of BEKO's highly-qualified experts in the software field to further strengthen its existing, young development team. BEKO, with its current pool of clients in the banking and financial sector, provides an ideal marketing and implementation platform for server systems. It is planned to mutually process this market in order to produce bundled IT and stock exchange software. The BEKO domain, "BEKO New Economy", will benefit from TeleTrader's position as a content provider and proprietor of financial web-portals.
TeleTrader.com Software AG, is a major Austrian provider of financial software applications, web and mobile applications for professionals and consumers as well as a content provider for financial information. TeleTrader is not only firmly established in Austria, but is also active in Germany and the Netherlands through its solid international partnerships, including those with b.i.s. and wallstreet.online, and with reference clients of the stature of BMW and Direktanlagebank. Through its optimal combination of technical and content know-how, TeleTrader has firmly positioned itself in the rapidly-growing E-finance markets.
Together with its additional subsidiaries in Germany, the Czech Republic and Hungary, BEKO Holding AG, with its 1057 employees, achieved a total turnover amounting to EUR 80 million, with an EBIT of EUR 8.7 million. Since its launch on the stock market, BEKO Holding AG has pursued an active acquisition and participation strategy. BEKO plans to further increase its already-existing participation in the German AC-Service AG to reach the status of "Significant Influence", in accordance with rule 28 of the IAS.
In the future, BEKO plans to meet the challenges of the "dot com" world of the Internet and other areas, such as voice communication, and providing application services. BEKO sees this area - BEKO New Economy - as one with great potential for future growth. The investment policy of the BEKO Holding AG encompasses financial participation as well as strategic partnerships or the strategic exertion of influence in the sense of "Significant Influence."
Contact person: TeleTrader.com Software AG Christian J. Baha Salzgries 15, 1010 Wien Tel. +43-1-5331656-0 Fax: +43-1-5331656-20 E-Mail:
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