realTech AG

ots Ad hoc-Service: realTech AG realTech AG and SVC AG terminate their outsourcing partnership

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    Walldorf / Bielefeld (ots Ad hoc-Service) -      

    realTech AG, the Walldorf-based company that is listed on the Neuer Markt in Frankfurt, and the Bielefeld-based SVC AG, are terminating their partnership in IT-GO! GmbH, the joint venture that the companies founded in June 1999. The merger between SVC and APCON into itelligence AG, which will be a direct competitor for realTech, is the reason behind the termination.

    On June 1, 2000, realTech sold its 50 percent share in IT-GO! GmbH to APCON. SVC and APCON are now the sole owner of the Company of IT-GO! GmbH. The proceeds from the sale of the shares provided realTech with a positive return on investment for the efforts put into building up the joint venture.

    realTech still disposes of the expertise required to run SAP(c) R/3(c) as well as of the data center. As a competent partner for customers of SAP AG, realTech will continue to offer outsourcing services for R/3 as well as mySAP.com(c) under the new name realTech Hosting. realTech will penetrate the midsize market by signing other outsourcing partnership agreements.

    For more information, please contact realTech - Investor Relations - Friederike Edelmann -Tel. +49 6227-837-500 or visit our web site at http://www.realTech.de.

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