Estimated reading time: 0 minutes, 43 seconds

QURIUS ALIGNS WITH PRODWARE

Two European companies that look like they are in a mating dance, France-based Prodware, a software vendor, and Qurius, a Dynamics VAR based in the Netherlands have entered into a an alliance. Prodware is getting 11 million new shares in Qurius, which represents about 10 percent of Qurius’s capital.

Meanwhile, the two parties are engaged in what were termed exclusive discussions whose outcome would be reported no later than seven months. Under the current deal, Qurius will market Prodware’s software and Prodware “will build on Qurius’ broad and deep experience with the Microsoft platforms.” The combined revenue for the companies is around $272.2 million and they employ more than 1,600 IT professionals. Two partners operate in 15 countries in Europe, the Middle East and Africa. Meanwhile, following a corporate restructuring, Qurius said it expects a 2010 EBIT loss of about $4.2 million, which excludes restructuring charges of roughly $5.1 million.

 

 

 

Read 1542 times
Rate this item
(0 votes)

Visit other PMG Sites: