DGAP-News: F24 AG: F24 AG acquires Dolphin Systems AG

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News Desk 2018

Apr 15, 2016 at 5:15 AM

DGAP-News: F24 AG / Key word(s): Takeover F24 AG: F24 AG acquires Dolphin Systems AG 15.04.2016 / 11:02 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- F24 AG acquires all shares of Dolphin Systems AG Munich, Germany, 15 April 2016. F24 AG (Securities ID: A12UK2) has acquired 100% of shares in Swiss company Dolphin Systems AG, the specialists in alerting and messaging solutions based in Wollerau near Zurich. The acquisition was completed today. It consolidates F24 AG's position among European market leaders in the field of high-security notification, alerting and crisis management solutions. F24's customer roster currently spans over 600 prestigious companies throughout the world. The acquisition of Dolphin Systems AG will boost this customer base to around 850 key accounts. In addition, the deal will enable F24 to expand its product portfolio and strengthen its activities, particularly in the field of messaging. Both companies will benefit from enhanced market access in over 70 countries. The headcount at F24 Group will rise to a total of almost 80 worldwide, including employees of Dolphin Systems AG. By combining the strengths of both companies, the acquisition will generate dynamic sales growth and enhance scope for creating innovations. "We're delighted that Switzerland's premier provider of notification, alerting and messaging solutions is now part of the F24 Group", says Ralf Meister, CEO of F24. "We are particularly happy that the company's founders and shareholders are remaining on board. This will enable us to continue expanding our growth opportunities and consolidating the F24 Group's status and premium character in Europe." The transaction was financed by a combination of 45% equity capital and 55% from a loan by the bank Kreissparkasse München. In 2015, sales by Dolphin Systems AG totalled the equivalent of approx. EUR 6.5 m, with an EBITDA margin of approx. 18%. Dolphín Systems will be fully consolidated into the F24 Group, pro forma with effect from 1 January 2016. The acquisition will almost double F24's total sales. Profitable double-digit growth is anticipated for the Group in the future. About F24 Group: F24 AG develops and operates high-security notification, alerting and crisis management solutions for emergency, crisis and business continuity management situations in medium- and large-size companies and public-sector organisations worldwide. If an emergency or incident occurs, customers can use the cloud-based FACT24 service throughout, from the start of the crisis to its successful management and follow-up. Founded in Munich in 2000, F24 today provides support for over 600 companies and organizations around the world with the assistance of its four international subsidiaries in the UK, France, Spain and the Czech Republic and its network of sales partners. The Group is Europe's premier provider of software as a service (SaaS) in the field of notification, alerting and crisis management. Its clients come from almost all fields across the board, spanning Energy and Industry, Health and Pharma, Transport and Logistics, Trade, Commerce, Banks and Insurance and IT and Communications, and including numerous public-sector organizations. F24 recently expanded its service portfolio further by founding the subsidiary TrustCase GmbH, a high-security mobile communication and collaboration platform. About Dolphin Systems: Founded in 1992, Dolphin Systems AG is based in Wollerau (SZ) and employs over 30 highly qualified staff with extensive experience in telecom and IT solution implementation, project management and software engineering. The company develops and operates standardized and custom cloud solutions for professional communication, information, surveillance and alerting. In addition to its sikado(TM) portal, Dolphin Systems supplies eCall(TM) sms & fax-portal, Switzerland's leading online system for sending and receiving text, fax and pager messages, and the 963(TM) sms-portal, an all-round solution for companies to operate their own text message services. --------------------------------------------------------------------------- 15.04.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: F24 AG Isarwinkel 14 81379 München Germany Phone: +49 (0)89 2323638-0 Fax: +49 (0)89 2323638-6 E-mail: IR@f24.com Internet: www.f24.com ISIN: DE000A12UK24 WKN: A12UK2 Listed: Regulated Unofficial Market in Berlin, Munich (m:access), Stuttgart; Open Market (Entry Standard) in Frankfurt End of News DGAP News Service --------------------------------------------------------------------------- 452741 15.04.2016

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