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DGAP-News: COR&FJA AG: Sopra Group SA and COR&FJA AG announce the signature of a purchase and sale agreement in which Sopra Banking Software would acquire COR&FJA Banking Solutions GmbH in Germany

ID: 1283479
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(businesspress24) - DGAP-News: COR&FJA AG / Key word(s): Disposal
COR&FJA AG: Sopra Group SA and COR&FJA AG announce the signature of a
purchase and sale agreement in which Sopra Banking Software would
acquire COR&FJA Banking Solutions GmbH in Germany

14.11.2013 / 17:51

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Sopra Group SA and COR&FJA AG announce the signature of a purchase and sale
agreement in which Sopra Banking Software would acquire COR&FJA Banking
Solutions GmbH in Germany

(Leinfelden-Echterdingen/ Paris, 14 November 2013) - Sopra Group SA and
COR&FJA AG, a German consulting and software firm specialising in financial
services, have announced the signature of an agreement concerning the
acquisition by Sopra Banking Software, a wholly-owned subsidiary of Sopra
Group, of 100% of the share capital of COR&FJA Banking Solutions GmbH.

The proposed acquisition, if completed, would significantly bolster Sopra
Banking Software's international strategy by giving it a foothold in the
German market. COR&FJA Banking Solutions' existing client roster, combined
with Sopra Banking Software's widely recognised expertise, will enable a
new segment-specific offering to be proposed to a broader client base.

COR&FJA Banking Solutions covers all the functionalities required by retail
and private banks as well as automotive and mortgage finance institutions.
The offer is based on locally developed products ideally suited to the
German market.

Moreover, this tie-up dovetails with Sopra Group's 2015 strategy, whose
bold aim is to generate 30% of the Group's revenue in software development.

COR&FJA Banking Solutions GmbH has been operating as a separate entity of
COR&FJA AG following an internal restructuring process in the summer of
2013. COR&FJA Banking Solutions GmbH generated revenue of EUR23.3m for


financial year 2012, including EUR10.3m in maintenance. On a pro forma
basis, Sopra Banking Software's total revenue would thus amount to
approximately EUR240.0m for financial year 2013.

This project, subject to standard conditions precedents, has been approved
by the Board of Directors of Sopra Group SA and the Management Board and
Supervisory Board of COR&FJA AG. The proposed transaction, for a total
amount of EUR13.0m, will be paid in cash.

About Sopra Group

Sopra Group is a leader in consulting, IT services and software development
in Europe, providing assistance and guiding its clients to ensure the
success of their complex transformation projects. With particular attention
to business processes and information systems, combining industrial
quality, high-performance services, added-value and innovation to the
solutions it provides, Sopra Group is the partner of choice for large
enterprises and organisations seeking the best usage of information
technology to enhance their development and competitive edge. The Group
generated a turnover of 1,217 billion euro in 2012 and today, employs over
16,000 people.

About Sopra Banking Software

Sopra Banking Software is a global leader in software and IT services for
banks and financial institutions. Its solutions help over 500 customers in
70 countries be more efficient, agile and responsive to business
challenges. The market has long recognized the company's constituent parts
- Sopra Group's financial software business, CallataŸ&Wouters, Delta
Informatique and Tieto Financial Services UK - as solid players with a wide
range of proven products. Worldwide, Sopra Banking Software employs 1,700
skilled experts.

About COR&FJA

The COR&FJA Group is one of the leading software and consulting companies
for the European financial services industry, focusing on insurance
companies, banks and providers of company pension funds. Its service
spectrum ranges from standard software and the provision of consultancy
services to the assumption of IT operations (application service
providing). The COR&FJA Group, which has its head office in
Leinfelden-Echterdingen and offices in Munich, Aachen, Düsseldorf,
Frankfurt, Hamburg, Kiel, Cologne and St. Georgen, as well as subsidiaries
in the Netherlands, Denmark, Austria, Switzerland, Slovakia, Slovenia,
Poland, the Czech Republic, Portugal, Spain and the USA, currently employs
nearly 1,200 staff.

Contact

COR&FJA AG
Corporate Communications
Humboldtstraße 35
70771 Leinfelden-Echterdingen, Germany
Tel. +49 711 94958-0
E-mail: presse(at)cor.fja.com
Internet: www.cor.fja.com


End of Corporate News

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14.11.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: COR&FJA AG
Humboldtstraße 35
70771 Leinfelden-Echterdingen
Germany
Phone: +49 (0)711 94958-0
Fax: +49 (0)711 94958-49
E-mail: investor.relations(at)cor.fja.com
Internet: www.cor.fja.com
ISIN: DE0005130108
WKN: 513010
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart


End of News DGAP News-Service
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240048 14.11.2013



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Date: 11/14/2013 - 17:51
Language: English
News-ID 1283479
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