Contract Finalised Between Information Highway/Connecta and berens/partner.Business Editors/Technology Writers STOCKHOLM, Sweden--(BUSINESS WIRE)--April 28, 2000 Information Highway/Connecta -- the leading strategic business-to-business Internet consultant in Europe -- has today, after the due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. process, signed the final agreement with berens/partner. As announced earlier, the purchase price will be paid entirely in the form of 16.3 million newly issued shares in Information Highway. The transaction is subject to the approval of the shareholders of the merged Connecta/Information Highway on the first common shareholders' meeting shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation. in the first half of June. berens/partner is one of Germany's pre-eminent pre·em·i·nent or pre-em·i·nent adj. Superior to or notable above all others; outstanding. See Synonyms at dominant, noted. [Middle English, from Latin prae concentrated Internet consulting practices, which brings a long list of renowned clients such as Deutsche Bank Deutsche Bank AG (IPA: /'dɔɪ.tʃə/[1]) (ISIN: DE0005140008, NYSE: DB) (English: German Bank , Mannesmann, Deutsche Renault, Deutscher Sparkassen-und Giroverband, Henkel and Verlagsgruppe Handelsblatt (DM Online). berens/partner was founded in 1992 and has 130 employees in Dsseldorf, Hannover and Stuttgart. The company focuses on well known, major clients, particularly in banking and finance, manufacturing and retailing, as well as telecom and media. berens/partner also has prominent clients in the healthcare and training sectors, as well as a number of non-profit organisations and services corporations. berens/partner's key competencies are within strategy, system development, design and marketing, with the provision of, for example, total concept one-to-one marketing solutions as well as CRM-solutions (Customer Relation Management). berens/partner specialises in interactive business and communication solutions and is renowned for its ability to build critical business on-line platforms for the financial markets. berens/partner has also developed CIPS CIPS Canadian Information Processing Society CIPS Certified International Property Specialist (National Association of Realtors) CIPS Chartered Institute of Purchasing and Supply CIPS Central Illinois Public Service (Configurable Information and Publishing System), an information and content management system. CIPS offers enterprises without technology competencies the ability to manage and maintain information in a user-friendly manner. Jorg Berens is berens/partner's Chief Executive Officer, founder and main owner. German branch journal Horizont ranked the company as Germany's sixth largest Internet consulting practice and the largest of the unlisted companies. Stockholm, Sweden, 28 April 2000 Information Highway AB (publ) Connecta AB (publ) The merger between Information Highway and Connecta Information Highway is planning a merger with Connecta AB, creating one of Europe's leading consulting practices oriented towards strategic Internet solutions. The new group will have a very secure platform for sustained robust international expansion. At present, the two companies have an aggregate headcount of approximately 1,220 (1,350 including the acquisition in Germany). The objective is to have at least 2,000 employees by the end of the year. About Information Highway [www.ih.com] Information Highway assists companies in exploiting the business opportunities presented by the new network economy. Information Highway consolidates its clients' competitiveness, making them successful in the digital arena by providing Internet-based solutions characterised by business expertise, creativity and leading-edge technology skills, essentially offering "a safe ride to The New Economy". Information Highway was founded in 1994 and currently employs over 600 people in its Business, Interactive and Technology Consulting practice areas at ten locations in Sweden, and in Norway, Denmark, Finland and the UK. The share is quoted on the Stockholm Stock Exchange The Stockholm Stock Exchange (Swedish: Stockholmsbörsen) is a stock exchange located in Stockholm, Sweden. Founded in 1863 [1] it is the primary securities exchange of the Nordic Countries. O-list (symbol: IHWY). Goran Wgstrom is Information Highway's President. Information Highway provides solutions for ABB n. 1. Among weavers, yarn for the warp. Hence, Noun 1. ABB - an urban hit squad and guerrilla group of the Communist Party in the Philippines; formed in the 1980s , Ericsson, Telia, SAS (1) (SAS Institute Inc., Cary, NC, www.sas.com) A software company that specializes in data warehousing and decision support software based on the SAS System. Founded in 1976, SAS is one of the world's largest privately held software companies. See SAS System. , Vattenfall, Lufthansa, Codan, Telenor and Swiss Valore. About Connecta [www.connecta.se] Connecta AB is an Internet consulting practice active in Internet business development. The company provides services through Strategy, Internet and Human Resource Management practice areas. With its total concepts, Connecta is able to serve as a full-range provider to major corporations and non-profit organisations, offering consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" that consolidate clients' capacity to do business in the new, digital economy. Connecta was incorporated in 1993, and currently has nearly 600 employees. The Connecta share is quoted on The Stockholm Stock Exchange O-list (symbol: CNTA CNTA China National Tourism Administration CNTA Central Nevada Test Area ). Christer Jacobsson is Connecta's President. Connecta provides solutions for clients including SEB Noun 1. SEB - a form of staphylococcal enterotoxin that has been used as an incapacitating agent in biological warfare staphylococcal enterotoxin B , Skandia, Ericsson, Folksam, Scania, Statoil, SAF SAF Safety SAF Society of American Foresters SAF Society of American Florists SAF Secretary of the Air Force SAF Second Amendment Foundation SAF Singapore Armed Forces SAF Students for Academic Freedom SAF Store And Forward , Volkswagen and Thompson Travel Group (Fritidsresor). Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/04/28/20000428BIT01400/bit0001.doc http://www.bit.se/bitonline/2000/04/28/20000428BIT01400/bit0002.pdf |
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