realTech AG

ots Ad hoc-Service: realTech AG

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    Walldorf/Schwäbisch Gmünd (ots Ad hoc-Service) -      

    realTech AG to take stake in Grau Software GmbH - Interest in data storage specialist will facilitate new internet-based computing center services - Further step in expansion of strategic acquisition and cooperation plans

    Neuer Markt-listed company realTech AG, Walldorf, which specializes in technical SAP R/3 consulting, e-commerce and intranet projects as well as software solutions, is to acquire a stake in Grau Software GmbH, Schwäbisch Gmünd. Further investors in the company are SAP AG and Julius Bär AG. A letter of intent was signed last week; no financial details were disclosed. Grau Software GmbH specializes in the development and marketing of hardware and software systems for data storage and archiving. Founded in 1990, the company - which is soon to convert to a stock corporation (AG) - posted revenues of about DM 5 million in 1999. In the current year, the company is expecting this figure to rise to around DM 10 million. With its new product Infinistore VirtualDisk, Grau has a client list that includes major companies such as Audi, Bosch, and Siemens. Parallel to that the Swabian company offers an Internet-based data storage and archive solution, which is marketed under the name WebDataCenter and is targeted towards both mid-size and large companies

    Daniele Di Croce, CFO of realTech AG, stressed that the plan to take a stake in Grau Software GmbH marks a major step forward in moves to enter the internet business and to expand internet-based computing center services. The deal is further evidence of the company's continuing commitment to a policy of strategic acquisitions and cooperation agreements.

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