Pixelpark AG

ots Ad hoc-Service: Pixelpark AG Pixelpark acquires K2, the French IT service provider

The sender is solely responsible for the contents of this announcement. --------------------------------------------------------- Berlin (ots Ad hoc-Service) - Competence in the Oracle-dominated field of B2B is consolidated Pixelpark AG, one of the leading European companies providing integrated Internet services, has acquired a 100% share in K2 S.A., the French IT company. With this acquisition, Pixelpark continues its growth into the European core countries and clearly consolidates its market position in Europe in the field of e- business, primarily with the completion of complex IT-focussed projects. With 80 IT specialists, K2 is one of most significant Oracle development partners in France ("Oracle Advantage Partner"). The company was founded in 1990 by former managers of Oracle and has good business connections in the IT sector spanning many years. Among K2's customers are major businesses such as France-Telecom, Europcar and Kelloggs. K2 was able to demonstrate growth of over 50% in the last financial year and, with a pre-tax yield of 10%, is solvent. K2 anticipates a turnover of 6 million Euros in the 1999/2000 financial year. Pixelpark AG has developed into a Full Service Internet provider with a leading position in the European market. Its range of services include strategy consultancy, design and graphic implementation, technical connection to existing systems and completion of the entire logistics. The latter became possible by integrating with the Centre for Logistics and Business Planning. Contacts: Helga Beck, Corporate Communications, Pixelpark AG Dr. Julian Deutz, Investor Relations, Pixelpark AG Tel.: +49(0)30 5058-1647 End ----------------------------------------------------- Internet: http://recherche.newsaktuell.de Original-Content von: Pixelpark AG, übermittelt durch news aktuell

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