Longview Solutions

Longview Solutions
Exact Software

Exact Software

November 09, 2007 02:10 ET

Exact Completes Acquisition of Longview Solutions

DELFT, THE NETHERLANDS and TORONTO, ONTARIO--(Marketwire - Nov. 9, 2007) - Exact Software has successfully completed the strategic acquisition of leading CPM Software provider Longview Solutions to enrich Exact's solution portfolio beyond traditional ERP.

On September 17, 2007 Exact Software, one of the world's leading providers of business software and Longview Solutions, a leading provider of corporate performance management (CPM) software, jointly announced the signing of an agreement for Exact to acquire Longview.

This strategic acquisition strengthens Exact's business empowerment solution portfolio by adding Longview's powerful CPM platform and accelerates Exact's expansion into the higher end of the mid-market. In turn, Longview benefits from Exact's financial strength and geographic footprint as it continues to deliver best-in-class CPM software and services to the enterprise market and further expands into the mid-market.

Reiteration of Guidance for 2007

For 2007 Exact has given a guidance of organic license revenue growth of 6-8% and an EBIT margin of at least 20% excluding acquisitions. Subject to finding the right acquisition targets Exact has given a guidance of annualized revenue of EUR 300 million by the end of 2007 and at least 20% EBIT margin. These acquisitions will be in line with its defined M&A strategy and will be funded by using current cash availability and if necessary, leverage on the balance sheet. Acquisitions may initially have a limited negative impact on the EBIT margin due to the required amortization of acquired customer bases under IFRS.

About Longview Solutions

Longview Solutions provides corporate performance management (CPM) software that leading companies like Boeing, Cisco, Time Warner and GE Healthcare use to drive performance with speed, visibility and financial integrity. Since 1994, many of the world's most respected companies have been using its technology platform to support the diverse needs of their complex finance organizations.

The Longview Performance Management Platform is highly scalable, providing a single repository of financial truth from which statutory consolidation, management reporting, financial planning, modeling, analysis, budgeting, forecasting, strategic tax and related learning, compliance, and knowledge management processes can be performed quickly and accurately, enterprise-wide. Longview Solutions has a focus on finance, and expertise that spans a wide range of industry sectors including energy, natural resources, media and entertainment, financial services, healthcare, higher education, manufacturing, pharmaceutical and retail.

The company has been recognized by several industry analysts for its truly unified solution platform in the area of corporate performance management, including being positioned in the Visionaries Quadrant of Gartner's CPM Magic Quadrant.

Longview is an Exact Software company and headquartered in Toronto, Canada. Longview operates additional offices in Philadelphia, Chicago (USA) and London (UK) with a total of 170 employees.

For more information go to www.longview.com.

About Exact Software

Established in 1984, Exact Software is one of the world's leading providers of business software solutions. Its integrated solutions comprise traditional enterprise resource planning (ERP) as well as related software solutions such as human resource management (HRM), customer relationship management (CRM), corporate performance management (CPM), project management and electronic workflow.

Exact is headquartered in Delft, the Netherlands and has offices in Europe, the Middle East, North, Central and South America, Asia, Australia and Africa. With around 2750 employees, subsidiaries in more than 40 countries, and solutions available in 40 languages, Exact currently serves customers in more than 125 countries.

Revenues in 2006 amounted to EUR 242.1 million. Exact Holding N.V. has been listed on Eurolist by Euronext Amsterdam since June 1999.

For more information go to www.exactsoftware.com.

Certain statements in this document constitute forward looking information. By its nature, such information generates risk and uncertainty because it concerns events in the future and depends on circumstances which then apply. Actual results could differ materially.

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