EANS-News: Softline AG takes over the Norwegian IT service provider STOVER AS

Softline expands and strengthens both its international presence and
its service expertise

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Mergers - Acquisitions - Takeovers

Subtitle: Softline expands and strengthens both its international
presence and its service expertise

Leipzig, 15th December 2010 (euro adhoc) - Softline AG has taken over
the profitable Norwegian IT service provider STOVER AS, a renowned
specialist in identity management, security, virtualisation and
Novell technologies with its head office in Oslo and a branch in
Elverum. The company has thus increased its international profile in
consultation services concerning IT infrastructure. The takeover is a
further systematic step in the expansion strategy concluded in
mid-2010 and introduced by Softline Solutions Netherlands B.V. in
October.

Alongside the foundation of Softline Solutions Netherlands B.V. in
October 2010 and Softline Solutions GmbH (which has been in operation
since August 2010), the takeover of the Norwegian IT service provider
STOVER AS has increased the service expertise of Softline AG in
Leipzig. The current Management team remains.

Prof. Knut Löschke, chairman of Softline AG, explains "Since its
foundation in 1997, STOVER has acquired a name for itself both in and
outside of Norway as an IT specialist with particular skills in
identity management and virtualisation as well as solutions on the
basis of Novell technologies. In this respect, this takeover is a
double win for the international expansion strategy of the Softline
Group - and STOVER chief executive Geir Christensen even makes it a
triple win".

Due to his many years of international management experience,
Christensen is a distinguished expert in the European IT market and
completely supports Softline AG's takeover: "This will not only put
Softline at the forefront of our international expansion strategy -
it will also strengthen our national profile in Norway. With our
collective know-how as a virtualisation specialist with partners such
as Microsoft, VMware, IBM and, above all, Novell in the area of
network infrastructure, we will make a significant contribution to
making Softline more internationally recognised as a brand".

About Softline AG The Softline group is a company with its head
office in Leipzig and which is active all over Europe. The group
consists of Softline AG, which acts as the holding company, and its
100% subsidiaries Softline Solutions GmbH, Softline Solutions
Netherlands B.V., Stover AS and Prometheus GmbH. The Softline group
is an economically stable, permanently growing European company which
has developed into a recognised service provider in the information
and communication technology (ICT) market. Since its foundation in
2001, the Prometheus GmbH has been one of the leading "service
providers of service providers" for systems houses, hardware and
software manufacturers, distributors and other ICT service providers.
The Softline Solutions companies provide IT consulting, support and
service for the highest of quality requirements. In doing so,
information technology, business processes and communication are also
addressed. Softline AG was founded in 1983 and has been listed since
February 2000. You can find more information at
www.softline-group.com.

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

Further inquiry note:

Rita Löschke

Direktorin - Marketing & IR

Tel.: +49 (0) 341 240 51 103

E-Mail: rita.loeschke@softline-group.com

Branche: Software
ISIN: DE000A1CSBR6
WKN: A1CSBR
Börsen: Frankfurt / Open Market
München / M:access
Berlin / free trade
Stuttgart / free trade
Düsseldorf / free trade