EANS-Adhoc: phion AG / phion enters into strategic partnership with Barracuda Networks - Barracuda announces public tender offer - Core shareholders of phion AG sign agreement on the sale of their sha

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Company Information/phion enters into strategic partnership with
Barracuda Networks

16.07.2009

phion enters into strategic partnership with Barracuda Networks -
Barracuda announces public tender offer - Core shareholders of phion
AG sign agreement on the sale of their shares to Barracuda

phion AG, (FN 184392s), A 6020 Innsbruck, Eduard-Bodem-Gasse 1,
listed on the mid market of Vienna Stock Exchange (ISIN
AT0000PHION3), enters into a strategic partnership with Barracuda
Networks, Inc., 3175 Winchester Blvd, Campbell, California 95008,
United States of America. Barracuda is one of the world´s leading
providers of Content Security Appliances, protecting organisations
from threats posed by email, Web und Instant Messaging.

This partnership comprises a comprehensive OEM-agreement (Original
Equipment Manufacturer Agreement) valid for three years. Under this
agreement, Barracuda will exclusively sell phion-products in its own
name in the USA, Canada, China, Japan, Mexico and Brasil.

At the same time, Barracuda announced its intention to launch a
voluntary public tender offer for the purchase of all shares of phion
AG pursuant to Sec. 25a ÜbG and to offer EUR 12 per phion share. The
tender offer will, amongst others, be subject to the condition that
at the end of the offer period Barracuda will have been tendered at
least 75% plus one share of phion´s voting stock. The
phion-management takes a friendly position towards this offer. The
core shareholders of the Company, Dr. Wieland Alge, Dr. Klaus
Maximilian Gheri, and Dr. Peter Marte, together holding about 22% of
the shares in the Company, signed an agreement on the sale of all of
their shares to Barracuda Networks, Inc. The sale of the shares is
subject to the conditions precedent that the voluntary public tender
offer is completed successfully. The purchase price is also EUR 12
per share. Details on the offer will be published within the
statutory periods provided for by the Austrian Law on Takeovers
(Übernahmegesetz). The management and the supervisory board will then
issue their statements on the offer.

For further information please contact:
Constanze Liebenau Eduard-Bodem-Gasse 1 Tel. +43 (0) 508 100 Email:
c.liebenau@phion.com
Issuer: phion AG
Eduard-Bodem-Gasse 1
A-6020 Innsbruck

Telephone: +43 (0)508 100
FAX: +43 (0)508 100 20
Email: office@phion.com
WWW: http://www.phion.com
ISIN: AT0000PHION3
Stock Exchange: Geregelter Freiverkehr of Wiener Börse AG, Segment mid market

end of announcement euro adhoc
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ots Originaltext: phion AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

For further information please contact:

Constanze Liebenau Eduard-Bodem-Gasse 1 Tel. +43 (0) 508 100 Email:
c.liebenau@phion.com

Branche: Computing & Information Technology
ISIN: AT0000PHION3
WKN:
Index: mid market
Börsen: Wien / Regulated free trade