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ots Ad hoc-Service: Software AG <DE0007242604> Software AG to acquire SAGA Systems Inc. for USD 360 million

Darmstadt (ots Ad hoc-Service) -

Ad hoc-announcement edited and sent by DGAP. The sender is solely
responsible for the contents of this announcement.
Software AG and SAGA Systems Inc. (SAGA) announced today that
Software AG will acquire all outstanding common stock in SAGA Systems
for USD 11.50 per SAGA Systems share in cash, for a total transaction
value of approximately USD 360 million. SAGA's markets and services
Software AG's products in North and South America, Japan and Israel.
In addition, SAGA Systems licenses and services its own enterprise
application integration product, Sagavista. SAGA Systems is
headquartered in Reston, Virginia, U.S.A. and employs nearly 800
people. In the 12 months ended 30 September, 2000, SAGA Systems had
revenues of USD196 million.
Highlights
. Software AG is to acquire SAGA Systems Inc. for USD 11.50 per
share in cash . Software AG acquires significant direct distribution
channel in North and South America, Japan and Israel . Software AG
gains direct access to North American blue chip customer base of over
1500 customers including many medium and large corporations and
government agencies . Following acquisition, North American operation
expected to account for some 40% of worldwide license and maintenance
revenue and provide strong platform for substantial Electronic
Business products growth . Acquisition expected to be highly
accretive to Software AG's earnings in 2001 and thereafter, excluding
one-time costs . Expected closure in Q1 2001
Further details will be announced on November 2, 2000, 10:00am
CET, at a press conference, Arabella Sheraton Grand Hotel,
Konrad-Adenauer-Str. 7, 60313 Frankfurt, Germany, or are available at
www.softwareag.com (from November 2, 2000, 10:00am CET on).
End
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