Press

29.11.2010
CANCOM IT Systeme AG: Acquisition significantly expands CANCOM’s cloud business

Munich, Germany, where Plaut is
already providing SAP hosting, SAP maintenance and SAP Basis consulting to
70 customers in Germany. With the help of its cloud solution CANCOM AHP
Private Cloud, CANCOM can now offer these customers complete, integrated IT
services, such as an SAP ERP system and a Microsoft Office environment
including email infrastructures, as a cloud service for a fixed monthly
fee.

The acquisition brings CANCOM into the top ten of SAP hosting provider and
of the IT as a service provider in Germany. In the current financial year,
the division has already generated EBIT of about EUR 1.4 million and sales
revenues of about EUR 5.0 million through the assets to be acquired. The
extended cloud offering covering all aspects of IT as a service is to be
expanded rapidly and will contribute significantly to CANCOM's group
profitability, with stable EBIT margins above 30 percent.

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Contact

Sebastian Bucher
Manager Investor Relations