October 07, 2009 12:21 ET

TIE Announces New Strategic Alliance with Intertrade Systems

HOOFDDORP, NETHERLANDS--(Marketwire - October 7, 2009) -


TIE Holding N.V. ("TIE") today announced it has reached a partnership agreement that includes the sale of its EDGE Desktop business in the US to Intertrade Systems Inc.

As part of our alliance, InterTrade has acquired the full EDGE Desktop Product Portfolio and will manage the day-to-day support and service for all EDGE customers. The sale of the EDGE business is consistent with the company's new focus on the TIE Kinetix portfolio which consists of three platforms: the TIE Kinetix Content Syndication Platform, the TIE Kinetix Business Integration Platform and the TIE Kinetix E-Commerce Platform.

In addition, Intertrade will connect to the TIE Kinetix Business Integration Platform to provide additional network capacity in the North American market. "This partnership supports our long term strategy to focus our efforts on the medium and enterprise market where the TIE Kinetix SaaS platform provides the greatest value to customers" says Jan Sundelin, CEO of TIE.

TIE has ceased the development of the EDGE as part of the Kinetix refocus and employees have been transferred within the company to further help the development of the three focus platforms.

The net income of the above transaction, after deduction of goodwill amounts to a bookprofit of EUR 176k, and will be reported as other income in Q1_2010.

Profile TIE

Supply Chain Integration Software Company TIE (NYSE Euronext: TIE Holding) bridges the gap between online and traditional business. TIE helps industry and supply chain partners to achieve electronic business collaboration with solutions in the traditional and upcoming markets like Data Quality Management, e-Invoicing, Master Data Management and Digital Channel Communications. Our solutions are proven to lower costs, increase revenue and optimize business processes. Because we have decades of experience to share, TIE remains a key contributor to the development and implementation of global eCommerce standards. TIE is a publicly held company with offices in the United States, France, and the Netherlands.

Further information:

TIE Holding N.V.

Jan Sundelin, CEO

Antareslaan 22-24
2132 JE Hoofddorp
The Netherlands

T:    +31-20-658 93 33
F:    +31-20-658 90 01

E:    info@TIEglobal.com
W:    www.TIEglobal.com

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