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SSA Global Technologies Completes Acquisition of Infinium Software, Inc.

Information Technology Press Releases วันจันทร์ที่ ๖ มกราคม พ.ศ. ๒๕๔๖ ๑๔:๓๕ น.
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Bangkok--Jan 6--PITON Communications

SSA Global Technologies, Inc. (SSA GT), a worldwide provider of enterprise solutions and services, today announced the completion of its acquisition of Infinium Software, Inc. (NASDAQ: INFM).   SSA GT has acquired 100 percent ownership of Infinium as the result of a merger in which each outstanding share of Infinium's common stock has been converted into the right to receive $7.00 in cash. The acquisition was approved today by Infinium shareholders.

Infinium Software provides Web-integrated enterprise business applications optimized for the IBM eServer iSeries. The acquisition deepens SSA GT's reach into the process manufacturing space with strong financial and human resources/payroll applications while broadening capabilities into gaming, hospitality and healthcare industries.

Infinium Software adds approximately 1,800 customers to SSA GT's existing client base. These customers will benefit from SSA GT's global business reach and will reap additional benefits via e-business and extension products such as collaborative commerce, warehouse management and role-based portals.

The acquisition of Infinium continues SSA GT's growth strategy of acquiring high-value brands that offer incremental value to customers' existing enterprise systems. In April of this year, SSA GT acquired the supply chain, human resource and financial management product lines of interBiz, a division of Computer Associates International, Inc. (NYSE: CA).

About SSA Global Technologies

SSA Global Technologies, Inc. is a leading provider of enterprise solutions for manufacturing, consumer and services companies worldwide. SSA GT's enterprise resource planning (ERP) platforms easily integrate with strategic business applications to deliver e-business, business intelligence, customer relationship management (CRM) and supply chain management (SCM) solutions. Headquartered in Chicago, SSA GT has 121 worldwide offices serving more than 10,000 active customers that represent market-leading companies in over 90 countries. For additional information, visit the SSA GT web site at www.ssagt.com.

SSA Global Technologies and SSA GT are trademarks of SSA Global Technologies, Inc. All copyright, registration and trademarks for BPCS, PRMS, MAX International, KBM, MK, MANMAN, Warehouse BOSS, CAS, Masterpiece, Maxcim and interBiz are owned by SSA Global Technologies, Inc. Other products mentioned in this document are registered, trademarked or service marked by their respective owners.

Forward Looking Statements

These materials may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any "forward-looking statements" in these materials are subject to certain risks and uncertainties that could cause actual results to differ materially from those stated. Any statements that are not statements of historical fact (including without limitation statements to the effect that Infinium or its management "believes", "expects", "anticipates", "plans", "looks forward" and similar expressions) should be considered forward-looking statements. Important factors that could cause actual results to differ from those indicated by such forward-looking statements include uncertainties relating to the demand for products and service offerings, inability to recognize deferred services, maintenance, business expansion or increases in its revenues, profits or cash flows, seasonal variations in results, competitive conditions in the industry, changes in technology, stock price volatility, ability to attract and retain key personnel, general economic conditions and those other factors and uncertainties that are discussed under the caption "Factors Affecting Future Performance" in Infinium's most recent Annual Report to Stockholders, which is on file with the SEC.

Editorial Contact:
PITON Communications
Buranii Chandraparnik
Phone: 2612 22 11-5; Fax: 2612 22 16
Email: buranii@piton.biz   End.
-TM-

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