Plenum AG

ots Ad hoc-Service: plenum AG plenum AG übernimmt Spezialisten für Internet- Software

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    Wiesbaden (ots Ad hoc-Service) -      

    plenum AG acquires Internet software specialists

    - 100% interest in IBL GmbH     - Substantial sales boost for growth driver plenum Systeme

    Neuer Markt-listed plenum AG (Wiesbaden), a leading supplier of innovative IT solutions, has acquired all of the shares in IBL Ingenieurbüro Letters GmbH (Leinfelden) retroactively with effect from January 1, 2000. In October 1999, plenum had acquired a 25.1% interest in IBL, also with effect from January 1, 2000. Since then, this specialist in object-oriented software solutions has been part of the plenum Companion Network and has been cooperating extremely successfully with plenum on customer projects, such as for AXA Colonia. The acquisition secures plenum expertise in a key technology that plays a major role in cost-effective software development within large enterprises.

    In the current fiscal year, IBL expects to generate sales of DEM 13 million (previous year: DEM 10 million) with an operating result of DEM 1.3 million (previous year: DEM 0.9 million). The company will improve plenum AG's consolidated earnings substantially and provide a considerable boost to sales. IBL, which also has a successful subsidiary in Switzerland, currently employs around 50 highly qualified engineers and IT specialists. IBL's customers include well-known companies from the insurance, banking, energy and automotive sectors, as well as public authorities.

    IBL has many years' experience in object- oriented technologies, putting it in the vanguard of software development in Germany. The solutions offered by IBL, covering the design and creation of object-oriented, component-based IT systems, are the perfect addition to plenum Systeme's systems integration offering. The closer link with IBL reinforces plenum AG's core competency: serving customers, from consulting through development to the implementation of software solutions. At the same time, the acquisition of IBL will drive the growth of plenum Systeme.

    plenum AG will release updated target figures when the company presents its half-yearly report on August 17, 2000.

    Further information: Ilka Helmers Investor Relations Tel: +49 (0)611 9882-255 Fax: +49 (0)611 9882-177 E-mail:

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