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Baan Becomes Subsidiary of SSA Global Technologies, Inc.


Business Editors

CHICAGO--(BUSINESS WIRE)--July 21, 2003

Mike Greenough leads the largest provider of extended

enterprise software solutions for manufacturers worldwide

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 Global Technologies, Inc.(TM) (SSA GT(TM)), a leading global provider of extended enterprise solutions and services, today announced that Baan (Baan Company, www.baan.com) A software company that was an early specialist in enterprise-wide applications. Founded in the Netherlands in 1978 by Jan and Paul Baan (Baan is pronounced like the name "Ron" with a "B"), Baan became a major ERP vendor operating in more than 80 countries. Its products support Unix, Windows NT/2000 and AS/400 platforms. In 2000, Baan was acquired by British company The Invensys Group. has become a wholly owned subsidiary of SSA Global Technologies, Inc. Effective immediately, Baan infrastructure functions, including financial, legal, IT and human resources, will fully integrate within SSA GT, while the sales, marketing, and development functions will retain some autonomy and shall work together to achieve efficiencies.

SSA GT now has more than 16,500 customers and nearly USD $610M in combined revenues, of which $160M represents license fees for the combined products.

"This acquisition represents a significant milestone in our ongoing growth strategy," said Mike Greenough, president, chairman and CEO of SSA GT. "Baan gives SSA GT a deeper global presence as well as the most balanced geographical reach in the industry. Both SSA GT and Baan customers will benefit from enhanced extension solutions in areas such as logistics, supply chain management, customer relationship management, corporate performance management and enterprise integration."

Greenough continued, "SSA GT has the financial and management acumen required to restructure Baan, thus returning the company to profitability. By creating a highly competitive organization within a market that is seeing rapid consolidation, we will extend our customers' IT investments, and use the combined talents of both organizations to produce new and exciting products."

Greenough has appointed Graeme Cooksley as president of the Baan subsidiary. Cooksley retains his current responsibilities as executive vice president of SSA GT and will lead the Baan management team to ensure that current Baan customers benefit from the additional resources now available to Baan and to orchestrate a successful execution of the Baan growth strategy. During his time at SSA GT, Cooksley has been an integral part of the management team helping to reengineer SSA GT into a leading provider of extended enterprise solutions to the manufacturing, services and public industry sectors.

"My goal is to focus Baan on meeting customer and market demand while achieving at least the same level of growth that we have experienced during my time at SSA GT," said Cooksley. "I accept this appointment with great enthusiasm."

About Baan:

For more than 25 years, industrial enterprises with complex make, move, and service requirements have relied on Baan to help them improve their business performance. Baan is focused on delivering industry-defining enterprise application solutions and services to discrete manufacturers in the industrial machinery and equipment, electronics, automotive, and aerospace and defense sectors. With its unrivalled domain expertise in targeted vertical industries, Baan makes it possible for customers to achieve lowest total cost of ownership and fastest time-to-value from their enterprise solutions. Baan has 6,500 customers worldwide and installations at more than 21,000 customer sites. For more information, please visit www.baan.com.

About SSA Global Technologies:

SSA Global Technologies, Inc. is a leading provider of extended enterprise resource planning (ERP) solutions for manufacturing, services, and public organizations worldwide. In addition to core ERP applications, SSA GT offers a full range of practical integrated extended solutions including corporate performance management, customer relationship management (CRM) and supply chain and supplier relationship management. Headquartered in Chicago, SSA GT has 121 worldwide offices serving more than 10,000 customers that represent market-leading companies in over 90 countries. For additional information, visit the SSA GT web site at www.ssagt.com.

SSA Global Technologies and SSA GT are trademarks of SSA Global Technologies, Inc. Baan is a registered trademark.

Forward Looking Statements

These materials may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Statements in this press release or otherwise attributable to SSA GT regarding the business which are not historical fact, including those regarding forecasted revenue, earnings, cash flow and liquidity and the future prospects of its business, are "forward looking statements" made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any "forward-looking statements" in these materials are subject to certain risks and uncertainties that could cause actual results to differ materially from those stated. Any statements that are not statements of historical fact (including without limitation statements to the effect that SSA GT or its management "believes," "expects," "anticipates," "plans," "looks forward" and similar expressions) should be considered forward-looking statements. Many important factors could cause SSA GT's actual results to differ materially from those expressed in the forward-looking statements made by or on behalf of SSA GT, including, without limitation, the size and timing of license transactions, the effect of economic conditions on the spending patterns of SSA GT's customers, the impact of competitive products and services, the effect of fluctuations in the economy and local currency, the ability of SSA GT to accurately forecast revenue, the ability to maintain adequate cash flow, the ability to maintain a satisfactory credit facility, the relationship between SSA GT and its affiliates and suppliers, the ability to manage costs and expenses, the availability of qualified resources, the ability to develop and enhance products, and other unknown risks including those as may be detailed in other SSA GT filings, reports and releases. SSA GT undertakes no obligation to revise or publicly update these forward-looking statements, whether as a result of new information or otherwise.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Jul 21, 2003
Words:911
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