Meanwhile, the Dutch company prepared for a launch of new products, including Globe Next and Exact Online Time and Billing, slated for the current quarter. Globe Next provides existing customers upgrade functionality that is part of their maintenance agreements and what was called "some basic Exact Synergy functionality", along with dashboards and alerts. The T&B product is aimed at smaller Benelux companies. Exact has been retrenching, as it withdraws from several countries to concentrate on what it calls "headquarters-rich" areas. The results reflected its withdrawal from a joint venture in the Middle East and the divestiture of Siigo, which were completed in fiscal 2010. The company said that the restructuring of its international subsidiary network produced a 1.6-percent drop in service revenue. Refreshing the product pipeline was one of the priorities cited by Martijn Janmaat, who served as interim CEO for a year. Janmaat, who left in August, said the company's product line had stagnated.