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DGAP-Adhoc: USU Software AG expands Management Board(DGAP Ad Hoc Disclosures Via Acquire Media NewsEdge) USU Software AG / Key word(s): Change of Personnel 27.06.2014 19:48 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- The Supervisory Board of USU Software AG has resolved to expand the company Management Board in its meeting today. In addition to the current sole member and spokesman of the Management Board, Bernhard Oberschmidt (43), Bernhard Böhler (41) and Dr. Benjamin Strehl (30) will join the Management Board as of October 1, 2014. Bernhard Oberschmidt will continue to serve as chairman of the Management Board. Contact: USU Software AG Investor Relations Falk Sorge Spitalhof D-71696 Möglingen Tel.: +49 (0) 71 41 - 48 67 351 Fax: +49 (0) 71 41 - 48 67 108 E-Mail: [email protected] USU Software AG Corporate Communications Dr. Thomas Gerick Tel.: +49 (0) 71 41 - 48 67 440 Fax: +49 (0) 71 41 - 48 67 909 E-Mail: [email protected] --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: Full PRESS RELEASE USU Software AG Expands Management Board The Supervisory Board of USU Software AG has resolved to expand the company Management Board in its meeting today. In addition to the current sole member of the Management Board and CEO, Bernhard Oberschmidt (43), Bernhard Böhler (41) and Dr. Benjamin Strehl (30) will join the Management Board as of October 1, 2014. Bernhard Böhler is a founding member of USU subsidiary Aspera GmbH. Since 2000, he has played a key role in sales, marketing and internationalization of this company. At USU Software AG, Bernhard Böhler will be in charge of sales and internationalization of the entire group. After a career with corporate consulting company Roland Berger, in 2010 Dr. Benjamin Strehl took over the areas of product management and M&A for USU Software AG. As Management Board member, he will primarily develop acquisition growth for the USU Group, along with the R&D and Consulting areas. Bernhard Oberschmidt, who has been the sole Management Board member to date, will serve as CEO and continue to be in charge of Group strategy alongside Finance, Investor Relations and Central Administration. The new management structure is an ideal reflection of the company's plans for the future, because the new composition of the Management Board is aligned to the growth drivers of the USU Group - innovations, internationalization and acquisitions - and is therefore a critical success factor in implementing the mid-term strategy of USU Software AG. The Group plans to exceed the EUR 100 million revenue mark by 2017. It will increase its margin in terms of earnings before interest and taxes adjusted for extraordinary effects due to acquisitions (adjusted EBIT) to more than 15%. By expanding its Management Board, the Supervisory Board is also complying with the provisions of the Corporate Governance Code, which state that a Management Board should have more than one member. USU Software AG The USU Group is the largest provider in Europe for IT and knowledge management software. Market leaders from all sectors of the international economy use USU applications to create transparency, enhance agility, save costs and reduce their risks. In addition to USU AG, founded in 1977, USU Software AG - which is listed in the Prime Standard of the German Stock Exchange and in the GEX (ISIN DE000A0BVU28) - also includes the subsidiaries Aspera GmbH, LeuTek GmbH, OMEGA Software GmbH, USU Consulting GmbH and BIG Social Media GmbH. Contact: USU Software AG Investor Relations Falk Sorge Spitalhof D-71696 Möglingen Tel.: +49 (0) 71 41 - 48 67 351 Fax: +49 (0) 71 41 - 48 67 108 E-Mail: [email protected] USU Software AG Corporate Communications Dr. Thomas Gerick Tel.: +49 (0) 71 41 - 48 67 440 Fax: +49 (0) 71 41 - 48 67 909 E-Mail: [email protected] 27.06.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: USU Software AG Spitalhof 71696 Möglingen Germany Phone: +49 (0)7141 4867-0 Fax: +49 (0)7141 4867-200 E-mail: [email protected] Internet: www.usu-software.de ISIN: DE000A0BVU28 WKN: A0BVU2 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of Announcement DGAP News-Service --------------------------------------------------------------------------- |