PRODWARE: Strong Organic Growth in the First Quarter of 2011

    PARIS, April 11, 2011 /PRNewswire-FirstCall/ --
    - Successful Integration of Ares Innovation & Design

    Turnover(1)          2011    2010   Variation Variation on a
    IFRS norms                                     comparable
                                                   basis (2)
    (MEUR)
    First quarter        24.4    18.7    + 30.0 %       + 12.6 %


    (1) Non audited

(2) Reincorporating the 2010 turnover of the new subsidiary Prodware ID and excluding the 2010 turnover of the divested activities

Paris, April 11, 2011 - Prodware, a vendor and hoster of ERP and CRM solutions for businesses, produced in the first quarter of 2011 a turnover of EUR 24.4 million, up 12.6% on a comparable basis.

This performance is due to:

- The success of the new suite of business applications and solutions dedicated to customer relationship management, FocusLive CRM;

- The SaaS sales growth;

- The strong momentum of our historic partnership with Sage, a sign of recovery in the SME segment

- and by the organic growth of the turnover of the Prodware ID subsidiary, a center of expertise on product lifecycle management solutions for the manufacturing and construction industries (PLM/BIM/CAD), from the acquisition of Ares Innovation & Design in December 2010.

Successful integration of Ares Innovation & Design

In its first quarter as part of the Group turnover grew by 28.4% to EUR 5.9 million confirming the pertinence of the integration of this activity and its potential for synergies. The subsidiary has benefited from the implementation of the industrial processes and marketing of Prodware and from the strong implication of its teams.

As announced, the Prodware Group innovates by investing in the creation of a software suite allowing a perfect integration between the major PLM / BIM (Autodesk and PTC) standards and the leading ERP solutions such as Microsoft Dynamics and Sage X3.

About Prodware

Founded in 1989, PRODWARE (http://www.prodware.fr) creates, integrates and hosts IT solutions for businesses. Prodware acts in a sector where success requires a combination of strong IT expertise and industry know-how.

PRODWARE serves more than 17 500 active clients, and is the key actor and partner for the installation and management of global IT solutions and applications. Present in 10 countries and through strong strategic alliances the Group supports companies in their international expansion.

As a corporate responsible company, Prodware assists its customers in their progress towards achieving sustainable development with its GreenITude offer of solutions and services. (http://www.greenitude.fr)

ALTERNEXT - ISIN FR0010313486 - ALPRO - FTSE 972 Services informatiques

Prodware est eligible FCPI - As a responsible company, Prodware has joined the Global Compact

    CONTACTS

    PRODWARE
    Sandra Chokron
    Responsable juridique corporate
    T : +33(0)979-999-005
    [email protected]

    PRESSE
    Marie-Anne Garigue / Gregory Bosson
    CALYPTUS
    T : +33(0)1-53-65-68-63 / +33(0)1-53-65-37-90
    [email protected] / [email protected]

SOURCE Prodware

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