Acquisition

Anite Group PLC 9 April 2001 Anite Group plc ('Anite') Anite acquires Delta Partners SA for up to £2.15 million Introduction Anite, the European IT consultancy and services company, today announces that it has entered into an agreement to acquire the majority of the issued share capital (being 99.98%) of Delta Partners SA ('Delta'), a company specialising in the development and provision of discrete telecoms software and consultancy services in France, for a maximum consideration of £2.15 million. The consideration comprises an initial consideration of £1.8 million ('Initial Consideration'), plus a maximum earn-out of £350,000 payable on the achievement by Delta of various profit targets to 31 December 2001 ('Earn-Out Consideration') . The Initial Consideration will be satisfied by the issue and allotment by Anite on completion of 1,391,036 ordinary shares of 10 pence each in the capital of Anite ('Anite Shares'), at the rate of £1.294 per ordinary share. The Earn-Out Consideration will also be satisfied by the issue and allotment of Anite Shares to the sellers. NetQUAD Delta, based in Toulouse France, owns the intellectual property rights in the NetQUAD Network Modelling software suite. NetQUAD has become a market leader in the modelling and simulation of complex multi-standard voice and data networks and is widely used by major operators as part of their planning and capacity analysis. NetQUAD uses bespoke algorithms developed for Delta in European research institutes to provide fast models to assist the design and evolution of networks, delivering graphical reports of routing, sizing, and failure analysis. Anite Telecoms' Managing Director, Nigel Coxon, commenting on the acquisition, said: 'Our strategy has been to build up our portfolio of products targeted at the telecoms operators. Over the last 9 months, we have been very pleased by our partner relationship with Delta, and impressed by NetQUAD. Bringing Delta into the Anite group is an important step in the strategic development of our business. It allows us to offer an integrated range of OSS software solutions across Europe. Under the ICON banner, these solutions enable operators to maximise their profitability from existing investments and will be key to their success in the current climate.' John Hawkins, Chief Executive of Anite Group Plc, commented: 'Our strategy has been to build Anite Telecoms by acquisition and organic investment and this has proved highly successful with strong growth being achieved over the last two years.' 'The acquisition of Delta marks another significant step in this strategy.' - Ends - For further information please contact: Anite Group Plc 0118 945 0121 John Hawkins, Chief Executive Anite Telecoms Limited 01252 775200 Nigel Coxon, Managing Director www.anitetelecoms.com Jeremy Moss, Director Golin/Harris Ludgate 020 7324 8888 Reg Hoare
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