ALSO and Logicom Form Cloud Partnership to Serve Southern Europe and Middle East

EMMEN, SWITZERLAND--(Marketwired - June 15, 2016) - ALSO and Logicom have agreed on a strategic partnership to bring a wide range of local and global cloud-based software services to customers in Southern Europe and the Middle East starting in July 2016. Both companies join forces to make the ALSO Cloud Marketplace platform available to over 10,000 Logicom partners in 13 countries, with a potential of 350,000 new seats on the platform: Greece, Cyprus, Malta, Italy, Romania as well as Saudi-Arabia, UAE, Bahrain, Jordan, Kuwait, Lebanon, Oman and Qatar. This provides ALSO with the opportunity to offer services from its catalogue to Logicom's customers. Right from the start, well-known international cloud service providers and local ISVs will use the platform to provide a broad range of services.

"This cooperation is an important milestone for ALSO as we pursue promising business opportunities in exciting new regions of the world together with our partners. We already serve 15 markets mainly in Central as well as Northern and Eastern Europe on our own and we are constantly expanding our business," said Gustavo Möller-Hergt, CEO of ALSO Holding AG (SIX:ALSN).

"Logicom is ramping up its cloud solutions offerings for serving its existing as well as new partners including ISVs, hosters and service providers. Our strategic partnership with ALSO provides us with an advanced cloud solutions environment that will cater for state-of-the art customer experience. Together with ALSO we are going to bring great value to our customers for their cloud journeys," said Varnavas Irinarchos, CEO of Logicom Public Ltd.

Direct link to the press release is http://www.also.com/goto/20160615en

ALSO Holding AG (Emmen/Switzerland) brings providers and buyers of the ICT industry together. The company offers services at all levels of the ICT value chain from a single source. In the European B2B marketplace, ALSO bundles logistics services, financial services, supply services, solution services, digital services, and IT services together into individual service packages. ALSO's portfolio contains more than 160 000 articles from some 350 vendors. The Group has around 3 600 employees throughout Europe. In fiscal year 2015 (closing on December 31), the company generated net sales of 7.8 billion euros. The majority shareholder of ALSO Holding AG is the Droege Group, Düsseldorf, Germany. Further information is available at www.also.com.

Logicom Public Ltd. (Nicosia/Cyprus) is an international group of companies, listed on the Main Market of the Cyprus Stock Exchange and a member of the FTSE/CySE20 index. The Group's activities include the distribution of technology products and services, the provision of Integrated IT Networking, Telecom and Business Software solutions, and the execution of large infrastructure projects. Logicom has a physical presence in more than 16 countries, employs over 750 professionals, and services more than 10,000 customers in 30 countries in Europe, Middle East, Gulf, North Africa, and Asia. Further information is available at www.logicom.net.

Disclaimer

This press release contains forward-looking statements which are based on current assumptions and forecasts of the ALSO management. Known and unknown risks, uncertainties, and other factors could lead to material differences between the forward-looking statements made here and the actual development, in particular the results, financial situation, and performance of our Group. The Group accepts no responsibility for updating these forward-looking statements or adapting them to future events or developments.