P&I Personal & Informatik AG

ots Ad hoc-Service: P&I Personal & Info. AG P&I takes over AS/400-Lohn software and the customer contracts for this IBM software

The sender is solely responsible for the contents of this announcement. --------------------------------------------------------- Wiesbaden (ots Ad hoc-Service) - After the conclusion of a co-operation contract between IBM Deutschland Informationssysteme GmbH, Stuttgart and P&I Personal & Informatik AG, Wiesbaden, at the beginning of April, P&I now takes over IBM AS/400 Lohn Software as well as the customer contracts for the software. It is the biggest acquisition that P&I has made since its IPO in July 1999 and it's situated in the market segment of medium-sized companies which represent at the same time the main target group and the core competency of P&I. By this acquisition, the number of customers served by P&I has tripled from 850 to 2650. P&I is gaining an important additional market share and is considerably strengthening its already leading position in the market of medium-sized companies. The expected long-term revenues resulting from the taking-over of existing maintenance contracts will increase in the current financial year by about 80 % compared to last year, in the following years by even more than 100 %. With the foundation of P&I Midrange GmbH, Sindelfingen, supported by the chief developers of IBM-Lohn-Software, P&I guarantees a continuous employment and further development of this Payroll Software. In a close collaboration with P&I in Wiesbaden, the future strategy will meet both the requirements of typical AS/400 customers as well as the upcoming challenges, as for example Internet offers, Application service providing, Employee self service and the possibility of International use. The payroll software of P&I is already available for 6 European countries, in an entirely integrated version as a Payroll and Human Resources System, a feature that will become a must for companies in a more and more integrated Europe. P&I Personal & Informatik AG Contact: Andreas Granderath Telephone: ++49(0)611-71 47 267 Telefax: ++49(0)611-97 42 641 E-Mail: agranderath@pi-ag.com End ----------------------------------------------------- Internet: http://recherche.newsaktuell.de Original-Content von: P&I Personal & Informatik AG, übermittelt durch news aktuell

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