Software Sells SAP-Service Operations in North America to itelligence
Jan 11, 2013 (Close-Up Media via COMTEX) --
Software AG announced that an agreement with itelligence had been reached concerning the sale of its SAP-service operations in Canada and the USA.
In a release dated Jan. 8, the Company said that the parties have agreed to maintain confidentiality with regard to the purchase price. The transaction closing is scheduled for Jan. 16.
The transaction includes all of Software AG's SAP product-specific services in Canada and the U.S., which are coordinated from Toronto and Reston, Va. respectively.
The Company said intelligence plans to acquire the majority of around 80 employees as of Jan. 16.
itelligence is a service provider of IT solutions.
"The transaction fits perfectly into the initiated realignment of our SAP consulting business," said Michael Rehm, General Manager of IDS Scheer Consulting. "Technologically speaking, we want to get back to our roots. IDS Scheer has always stood for strategic process consulting. And, due to our long tradition of expertise, this is where we can offer customers the greatest added value. Geographically speaking, we will concentrate mainly on Germany, Austria and Switzerland as our core markets."
The company will release its 2012 financial results on Jan. 29.
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