IDS Scheer AG Announces Strategic Acquisition of Plaut's North American and Eastern European Business Units.Business Editors BERWYN, Pa.--(BUSINESS WIRE)--Aug. 6, 2003 IDS Scheer, Inc. IDS Scheer Gains 400 Customers and 450 Employees in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Eastern Europe IDS Scheer, Inc., a leading provider of business process excellence services and tools, today announced that its corporate parent, IDS Scheer AG, has acquired the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. and Eastern European business units from Plaut International, a Salzburg, Austria-based IT consulting firm. Established as a consultancy in 1946, Plaut is a full service provider of consulting services, operating in 16 countries internationally with over 1,500 consultants. The acquisition of Plaut will expand IDS Scheer's consulting practice, targeting large corporations and mid-sized enterprises in a range of industries, including capital goods Capital Goods Any goods used by an organization to produce other goods. Notes: Examples of capital goods include office buildings, equipment, and machinery. See also: Capital Expenditure, Disinvestment Capital goods , consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and , retail, and services. "This strategic acquisition provides additional mid-market strength and further positions IDS Scheer as a full-service provider of business process management software and consulting, as well as IT and strategic consulting," said Dr. Mathias Kirchmer, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of IDS Scheer, Inc. As part of the acquisition, IDS Scheer AG will gain 400 mid- and large-sized customers in North America and Eastern Europe from Plaut including Jim Walter Homes and Southwestern/Great American, Inc. Plaut's Eastern European unit includes local subsidiaries in Austria, Hungary, Poland, Slovakia, and the Czech Republic. Plaut's North American offices in the US and Canada operate primarily as SAP consulting companies focused on large corporations and as SAP resellers in the SME (1) (Small and Medium-sized Enterprise) See SMB. (2) (Subject Matter Expert) An individual who is well-versed in the policies and procedures of a particular department or division. (small to medium enterprise) market. Through this transaction, IDS Scheer will also acquire 450 employees from Plaut. The new IDS Scheer employees will complement the company's existing consulting expertise, leveraging the methodology and software tools of ARIS ARIS American Religious Identification Survey ARIS Architecture of Integrated Information Systems ARIS Active Rack Isolation System ARIS Aggregate Route-based IP Switching ARIS Agentia Romana pentru Investitii Straine , the leading business process management solution highly regarded by leading technology analyst groups. The company anticipates revenue of approximately $86.2 million USD/75.0 million EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. from the two Plaut units for the entire fiscal year 2003. "Integrating the Plaut offering into our strategic mix places IDS Scheer in a different league," explained Dr. August-Wilhelm Scheer, founder and Chairman of the Supervisory Board Supervisory board The board of directors that represents stakeholders in the governance of the corporation. of IDS Scheer AG. "The Plaut units will bring us a significant expansion in our products and services as well as a sharp increase in our market presence in Eastern Europe and North America." According to Dr. Ferri Abolhassan, Co-Chairman of the Executive Board of IDS Scheer, integration measures will follow a phased roll-out plan. This plan includes integration of employees, the consolidation of IT infrastructures, restructuring, and marketing activities. Integration and restructuring has already begun and will be concluded and completely posted in the current fiscal year. "This strategic acquisition reinforces our market leadership in Eastern Europe and steps up the expansion of our US business. Both regionally and strategically, this is a perfect match and a quantum leap for the IDS Scheer Group worldwide," he said. About Plaut AG Clients in over 16 countries benefit from Plaut's comprehensive portfolio of management consulting, business process solutions, and IT and hosting services, namely with the company's specific understanding of the capital-goods, consumer-goods, retail, and service industries. Since 1946 Plaut has provided its customers with concrete added business value using the Plaut Methodology(R) in controlling and decades of experience in system integration, especially in the SAP environment. Plaut AG, Salzburg, has been listed in the General Standard of the Geregelter Markt (PUT; WKN WKN Wertpapier-Kenn-Nummer (identifying number assigned to securities traded in Germany) WKN Warrior Knowledge Network (US Army) 918 703; ISIN Isin (ĭs`ĭn), capital of an ancient Semitic kingdom of N Babylonia. The city became important after the third dynasty of Ur fell to the Elamites and the Amorites (c.2025 B.C.). The phase from c.2025–c.1763 B.C. AT0000954359) of the Frankfurt Stock Exchange Frankfurt Stock Exchange The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS. since January 2, 2003. From 1999 to 2002 the company was listed on the Neuer Markt, and achieved revenue of 216 million euros with 1,366 employees at the end of 2002. For more information about Plaut, please visit: www.plaut.com. About IDS Scheer, Inc. IDS Scheer, Inc. is the global leader in providing business process consulting and software solutions. With more than 1,600 employees worldwide, IDS Scheer combines innovative technology with a range of vertical market expertise to help organizations create bottom line effects through their business process initiatives, such as General Process Improvement, Enterprise Architecture, E-business, Supply Chain Management, Customer Relationship Management and Enterprise Resource Planning See ERP. (application, business) Enterprise Resource Planning - (ERP) Any software system designed to support and automate the business processes of medium and large businesses. . The company's ARIS product suite is the market leader in business process management, including the award-winning ARIS Toolset and ARIS Process Performance Manager (PPM) which are used by many Global 1000 organizations worldwide and consistently recognized by the industry's leading technology analyst groups. The company was founded in 1984 by August-Wilhelm Scheer, and now advises some 3,000-plus clients in more than 50 countries through its network of subsidiaries and partners. For more information, visit http://www.ids-scheer.com/us. |
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