Dutch Internet Consultancy Acquired

Anite Group PLC 7 February 2000 ANITE GROUP PLC ('ANITE') Anite acquires Dutch internet consultancy Anite Group plc, the IT services business, announces that it has acquired 2 Sell Marketing and Sales Consultancy B.V. ('2 Sell'), a WEB product, consultancy and services company in Holland. The initial consideration is nil, with an earn out up to £560,000 based on profits before tax achieved in the year ended 1st February 2001, payable in cash. 2 Sell is an established business with 23 consultants, and provides web-based customer relationship management, supply chain management and WAP solutions. 2 Sell has developed Visual DiTo, management software for directory servers which supports the LDAP protocol. In addition, 2 Sell is a distributor for internet solutions developed by Versata Inc., NetObjects Inc. and Netegrity Inc. These products are marketed directly to clients, and working through partners such as CMG, Lucent and Hewlett Packard. In the year ended 31st December 1998, 2 Sell achieved sales of £952,000 with a pre tax loss of £96,000. The deficit of net assets at 31st December, 1998 was £231,000. Anite will integrate 2 Sell into Q&R, its Dutch subsidiary, and develop it as a European training centre for skilling its 800 consultants in Europe working in the finance, telecoms, public sector and travel markets, including its industrial base of ERP consultants in Germany. John Hawkins, CEO of Anite Group, said 'This acquisition will enable us to strengthen our E-Commerce skills in Europe and thus add greater value to our clients through an even broader service offering'. For further information please contact: Anite Group plc (www.anite.com) 0118 945 0121 John Hawkins, Chief Executive Simon Hunt, Finance Director Ludgate Communications 0207 253 2252 Edward Macquisten/Reg Hoare
UK 100

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