16th Oct 2006 13:44
Electronic Data Processing PLC16 October 2006 ELECTRONIC DATA PROCESSING PLC ACQUISITION OF VECTA SOFTWARE CORPORATION Electronic Data Processing PLC (EDP) announces that on 16 October 2006 itacquired the business and certain assets of Vecta Software Corporation Limited(Vecta), a leading provider of sales intelligence software solutions, based inOxford. Consideration is £900,000 payable in cash on completion. The assets acquiredinclude goodwill, all Intellectual Property and trade debtors. Debtors amountto some £110,000. The Directors expect the acquisition to be earnings neutral in the currentfinancial year and earnings enhancing in the 2007/8 financial year. Richard J Jowitt, Chief Executive of EDP, said: "Vecta brings to EDP a leading edge sales intelligence product set and over twohundred customers, a significant proportion of which are household names. TheVecta product complements EDP's Quantum VS myViewpoint business intelligenceproduct. Vecta addresses a wider market that it will continue to exploit asthe integration into the EDP group progresses". For further information please contact: Richard J Jowitt Julian WassellChief Executive Financial Director0114 262 1621 0114 262 1621 www.vecta.net www.edp.fastfreenet.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Electronic Data Processing