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KNOWLEDGEWARE TO PURCHASE ERNST & YOUNG'S EUROPEAN CASE DISTRIBUTOR BUSINESS

 ATLANTA, Dec. 18 /PRNewswire/ -- U.S.-based I-CASE vendor KnowledgeWare (NASDAQ: KNOW) and Ernst & Young today announced that they have reached an agreement in principle for KnowledgeWare to acquire Ernst & Young's European CASE distributor business and assume direct responsibility for sales, marketing and support of KnowledgeWare products in Europe.
 Ernst & Young has been the exclusive distributor for KnowledgeWare products in Europe since 1986, and has built an organization spanning 14 countries. KnowledgeWare will purchase Ernst & Young's distributor operations in Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom. The agreement in principle is to purchase these Ernst & Young businesses for US$18 million to $30 million, depending on revenue levels over the next four years.
 KnowledgeWare plans to establish a European headquarters in Paris, and to begin European operations with personnel from the current EY businesses, supplemented by KnowledgeWare executive staff already in place.
 "This move is in line with our business objective to strengthen KnowledgeWare's direct presence in the European markets," said KnowledgeWare President Donald P. Addington.
 Harold Cottam, chairman of Ernst & Young CASE Services, added: "Our relationship with KnowledgeWare has been of great mutual benefit and together we have established very strong relationships with many major companies in Europe. This transaction supports Ernst & Young Europe's business strategy of focusing on the delivery of premier Information Systems consulting services. As part of this strategy we will continue to provide ongoing consultancy support for KnowledgeWare's products, and are expanding our own professional services in the important CASE marketplace."
 Addington continued: "Our priority over the coming months is to ensure that our customers continue to receive first-rate service, and that the transition process is transparent to them. We have a strong base of some 1,900 companies who use our products and Ernst & Young's services, and our ongoing relationship with those companies is very important to both parties."
 Ernst & Young International member firms have provided distribution and support services for KnowledgeWare products in 32 countries outside the U.S. since 1986. Both organizations plan to continue the distributor relationship outside of Europe. The proposed transaction is conditional upon the completion of certain formalities and is expected to be concluded in February 1993.
 -0- 12/18/92
 /CONTACT; Denese Van Dyne or Paul McKeon of Crescent Communications, 404-698-8650 or, fax, 404-698-8651, for KnowledgeWare, or Dick Haddrill of KnowledgeWare (in Europe), 33-1-46-93-7009 or, fax, 33-1-47-88-0047; or Harold Cottam of Ernst & Young (in Europe), 33-1-44-71-931-4721/
 (KNOW)


CO: KnowledgeWare, Inc.; Ernst & Young International ST: Georgia IN: CPR SU:

BN-BR -- AT001 -- 8061 12/18/92 08:35 EST
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Publication:PR Newswire
Date:Dec 18, 1992
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