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Matrix42 and Update4u Software Merge

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Matrix42 AG, with headquarters in Neu-Isenburg, Germany, and Update4u Software AG, with headquarters in Karlsruhe, Germany, today announced plans to merge and trade under the name Matrix42 AG. The new Matrix42 will have 180 employees and maintain offices in both Karlsruhe and Neu-Isenburg. The merger will make “Matrix42” the German market leader for integrated systems and service management. The combined customer base consists of nearly 1,500 customers managing about three million clients worldwide, including US customers, served by subsidiary, Atlanta-based Matrix42, USA, Inc.

“We are extremely excited about the merger and the resulting product portfolio,” said Richard Ashe VP of Matrix42 USA, Inc. “We have heard from our customers that in their business it is critical that the connections between what IT does and the work and success of the business are clear and continually recognized. The new Matrix42 IT Service Management (ITSM) solutions enable our customers to focus on IT business performance through increased transparency, automation, control and compliance.”

Two executives from Update4u Software AG have been appointed to the board of Matrix42 AG and will continue their executive roles. Herbert Uhl will serve as CEO and Jochen Jaser as CTO. Holger Maul, formerly CEO and CTO of Matrix42 AG, has accepted an executive function in Matrix42’s parent company, Asseco Group (subsidiary of Asseco Poland SA (ACP:PW)). Mr. Maul will continue to pursue opportunities for the growth and expansion of Matrix42’s market leadership. The merger is scheduled to be completed by the end of Q2 2009.

Herbert Uhl, the new Matrix42 CEO, notes: "We are planning the expansion of activities in Germany and the US as well as opening new European markets. Our 2009 worldwide revenue goal is $37 million and we are forecasting revenue near $100 million by 2012. Despite the economic downturn the first quarter was successful for both companies and current opportunities show demand for integrated IT system and service management solutions. We are confident about the future success of Matrix42 as we grow to the next level."

“As a single vendor, Matrix42 can meet the demands of many customers needing integrated IT service and configuration management solutions from one source. We are delighted to offer customers our combined products and provide the benefits of a single vendor. We know how much our customers’ success depends on preserving previous investments, so we will continue to keep our solution interfaces open to other providers. In particular, the success of the partnership between Update4u and Microsoft will be developed and expanded under the new joint brand, Matrix42.”   

About Update4u Software AG

Update4u Software AG is an independent German software manufacturer with a strong focus on IT service orientation and IT compliance. The Update4u Suite is the market-leading German software for service catalogs and integrated license management. In recognition of this service orientation Update4u was the first German company to receive the ITIL V3 certification by Pink Elephant. The Update4u Suite provides out-of-the-box, best-practice solutions – fast and easily. The suite comprises functions such as a service catalog and service management, license, asset and contract management and also cost allocation, pricing and budget management functionality. The state-of-the-art, Microsoft-based web application can be customized easily and integrated via standard interfaces into existing system landscapes. Companies from the mid-segment as well as large enterprises and IT providers rely on Update4u Software AG. The company has more than 60 employees and has been in the market for nearly 10 years. Customers include renowned companies such as Brose, Deutsche Bahn, Deutsche Post, Dräxlmaier, R+V Versicherungen, Toll Collect and TDS, Wincor Nixdorf and Swisscom IT Services. Further information can be found under www.update4u.net

About Matrix42 USA, Inc.

Matrix42 is an independent software company and the developer of Empirum, an IT Lifecycle Systems Management solution that enables companies to manage servers, desktops, laptops and mobile devices in a totally automated and highly efficient way. Worldwide, Matrix42 is one of leading technology providers in this market. Companies such as BMW Switzerland, T-Systems, Gerling and ING-DiBa are among its many customers. Matrix42 is headquartered in Frankfurt, Germany and has branches in Vienna and Zurich. In 2004, subsidiary Matrix42 USA, Inc. was founded in Atlanta, GA and serves its worldwide customers both directly and through its international partner network. More information can be found at www.matrix42.com.

 

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