(openPR) - German Global Player rounds out EPPS and eLearning Portfolio with Enlight´s KPS
Berlin, May 16, 2007 - datango AG (private), leading provider of eLearning and Electronic Performance Support solutions, and Enlight (listed), supplier of test and certification solutions, have completed an acquisition agreement: datango takes ownership of Enlight´s entire KPS business including technology, customer and partner base, as well as development, sales, support and consulting staff in the United States, United Kingdom and Norway.
"After the investment of Hasso Plattner Ventures and Extorel in December 2006 this agreement represents another milestone in the history of the datango company. For us as a global player, this is one more step towards worldwide expansion," explains Oswald P. Zimmermann, CEO of datango AG.
Enlight´s KPS business has been the fastest growing of Enlight´s three business areas under the Knowledge Assurance umbrella and represents approximately 50% of Enlight´s total income. The transaction was completed at the relative market value of the KPS business in relation to the current trading price of the shares in Enlight International AB.
As part of the transaction, Enlight International AB will retain full ownership and control of the Test and Certification Management operations and will continue to provide market-leading solutions within these two areas. Through the net proceeds from datango´s KPS acquisition, Enlight AB will be in a significantly stronger financial position and well-situated for continued success in the Test and Certification Management businesses.
Thomas Zanzinger, International Vice President of datango AG, explains: "In light of the agreement, we plan to focus on the development and cultivation of the existing client base. Over and above that we will secure Enlight and datango investments." Dr. Jochen Wiechen, CTO of datango AG, adds: "With these strategic measures, we will be in the position to expand our portfolio and offer our customers as well the current Enlight client base, complete customized solutions by combining product portfolios."
For more information:
datango AG
Schönhauser Allee 10-11
D-10119 Berlin
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
Newsfeed
