Acquisition etc

Interregnum PLC 4 May 2000 Interregnum plc ('Interregnum') Alchemy Equity Partners Ltd and Interregnum plc fund acquisition and merger of CallCentric Limited and the global operations of Datapoint Corporation, Inc. Interregnum plc ('Interregnum'), which floated on the Alternative Investment Market in March, is pleased to announce its involvement in a series of related transactions involving CallCentric Limited ('CallCentric') an Interregnum portfolio company. When complete, these transactions will result in the creation of a newly formed entity, to be called Datapoint, with the capacity to become a global leader in the provision of value added call centre solutions. The new Group will result from the acquisition and integration of CallCentric and the global operations of Datapoint Corporation, Inc. ('Datapoint'), excluding its subsidiary, CoreByte, Inc. The transactions are being orchestrated and funded by Alchemy Equity Partners Ltd ('Alchemy'), Interregnum and CallCentric's management. Interregnum will be investing £3.8 million (US $6 million) in addition to its current 5.2% share in CallCentric, resulting in an 8.4% equity share and £4.2 million (US $6.6 million) of debt in the new Group. David Berger, CallCentric's Managing Director, will become Chief Executive of the new Group. He had previously also been Vice President of Datapoint's European operations. Ken Olisa, Interregnum's Chairman and CEO, and CallCentric's Chairman, will become Chairman of the new company. CallCentric and Alchemy were advised by KPMG Corporate Finance. Datapoint Europe San-Antonio, Texas-based Datapoint Corporation announced yesterday that it has entered into a Stock Purchase Agreement to sell its global operations (other than its e- commerce initiative), including the 'Datapoint' name for US $49.5 million (£31.5 million) in cash and the assumption of net liabilities of US $10 million (£6.4 million). The purchase price is funded by Alchemy Partners and Interregnum. In the year ended 31 July 1999, Datapoint Europe had sales of US $133 million (£84.7 million) and operating profit of US $9.3 million (£5.9 million). CallCentric CallCentric, a Windsor, Berkshire-based company founded in 1997 which provides consulting advice and total solutions in the fast-growing area of call centres, will be acquired by the new company for an undisclosed consideration. Interregnum will roll their shareholding into the new company in exchange for equity and loan- stock. Prior to the transaction, Interregnum's stake in CallCentric was 5.2%. CallCentric will retain its name and operate as a wholly owned subsidiary in the newly formed company. Ken Olisa comments 'this has been accomplished by blending the talents of CallCentric management, Alchemy and Interregnum to identify an exceptional (but difficult to exploit) opportunity, and to orchestrate and fund it. This is an endorsement of our strategy of applying intellectual and financial capital to transform technology into wealth.' For further information, please contact: Interregnum 020 7494 3080 Ken Olisa, Chief Executive Officer Adrian Merryman, Chief Investment Officer Ludgate Communications 020 7253 2252 Vanessa Anderson/Liz Ware Teather & Greenwood Limited Adrian Dewey 020 7426 9000 NOTES TO EDITORS * Interregnum is a pioneering IT venture marketeer and investor. It works with high potential IT entrepreneurs to develop, resource and implement aggressive, marketing-led, value building strategies and to 'transform technology into wealth'. * Interregnum services under two main categories: Intellectual Capital - Venture Marketing: working as non-executive directors with high-potential IT companies to develop, fund and implement aggressive business strategies, in order to increase realisable market value and create wealth; - Research & Consulting: working with both innovators and investors on specific projects where the critical analysis or development of strategies is involved; - Mergers & Acquisitions: helps the parties involved in M&A transactions to understand and justify the unique value attributable to IT companies. Financial Capital - Venture Capital: co-investing with institutional and private investors. * Interregnum - (www.interregnum.com) is headquartered in London with an office in San Francisco, USA, and associates in Silicon Valley and New York. The company currently employs 17 people. * In August 1999, Interregnum launched 'enterprise.USA', in conjunction with the DTI-backed Software Business Network, to assist UK IT entrepreneurs in establishing and building the right infrastructure to launch and sustain successful businesses in the US. * Interregnum currently has a portfolio of 26 IT and IT-related investments.
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