caatoosee ag is going to public at Frankfurt Stock Exchange at 20th September 2000 with emission price 21 Euro
20.09.2000, 15:43
PRAGUE/STUTTGART/FRANKFURT AM MAIN Sept 20 (APROTEXT) -
Germany-based caatoosee ag will go on the Frankfurt Stock
Exchange. Fall this year. In the run-up to the flotation the web
business outlet, which was set up in 1996 by today's CEO Guido
Alt as a media group, recently go public at 20th of September
2000. The consortium of issuers is jointly lead by Dresdner
Kleinwort Benson and the Baden-Württemberg Landesbank. caatoosee
designs, develops and operates information and transaction
platforms for e-commerce. Its client portfolio features a number
of top players including DaimlerChrysler, Deutsche Bank and Gehe.
The Group which continues to expand in Europe has
strategically pitched its portfolio of services at implementing a
convergence of software and content, and offers a range of
solutions throughout the supply chain for web-based businesses.
When designing and delivering network platforms, caatoosee uses
its own turn-key solutions and standalone software modules for
specific applications such as logistics and distribution.
Moreover, caatoosee is the first e-commerce services provider to
enable its clients to organize the distribution of the customized
content they need based on end-user profiles. This explains why
the corporation set up the contara AG joint venture with the
German publishing group Georg von Holtzbrinck. To round off its
list of services, the Group offers clients a range of facilities
for marketing and running network platforms. caatoosee has also
acquired a reputation for itself in marketing processed and
batched data from its network platform operations.
Together with just four staff, Guido Alt started out in April
1996 as the "Media Group Agency for New Media". By mid-1998 the
company was already busy building up its product and licensing
business. Barely a few months later in spring 1999, Alt had
already secured deals to set up production outlets in Prague
(Czech Republic) and Zagreb (Croatia), the first step on the path
to corporate expansion in Europe. Armed with a carefully planned
strategy to become the leading network services supplier in
Europe, caatoosee first took over Pandora Neue Medien GmbH and
followed this up by acquiring a 76.2% stake in Connex Software
GmbH in March this year. With its next takeover of the Swiss
EDIfact AG business in May 2000, caatoosee was able to further
develop its expertise in linking platforms to back-end processes
(e.g. ERP systems). A further string was added to the bow of
caatoosee's successful expansion strategy in July 2000 with the
takeover of IT-Networks GmbH, a consulting and software
development house based in Ludwigsburg (Germany). At the same
time, the logical string of caatoosee start-ups in Britain,
Italy, Romania and the USA (June 1998) was further proof of the
fact that the Group had become an international player. And in a
parallel development, the Group's drive for expansion saw it set
up a number of joint ventures: contara AG was established in
cooperation with the publishing group Georg von Holtzbrinck,
stratobyte AG originated in cooperation with EADS/Astrium and a
further JV is due to be rolled out this August together with
Deutsche Sparkassen Verlag GmbH, the publishing arm of the German
savings banks.
Altogether, caatoosee employs 227 staff at its headquarters
in Stuttgart and branches in Berlin, Frankfurt, London, Milan,
Prague, Timisoara (Romania), Washington D.C. and Zagreb. For the
1999/2000 business year ending March 31 caatoosee had achieved
total sales worth DM 14.8m and an EBITDA of DM 0.2m. The figures
are based on a pro forma audit based on US-GAAP criteria and
incorporate all majority holdings of the Group.
The chairman of the supervisory board is Dr. h. c. Lothar
Späth, president of Jenoptik AG and former governor of the German
state of Baden-Württemberg. Guido Alt is the majority
stockholder, with the remaining stock distributed among strategic
partners and financial investors.
caatoosee s.r.o. Prague was established at March 1999 as the
1st caatoosee's base in CEMA region. Company started with only 4
key employees and grown up very quickly to current 30 staff
members, mainly IT specialist. They're playing strategic role in
core project and product development for caatoosee worldwide.
More informations:
caatoosee s.r.o.
Jan Kubalik
Konevova 65
CZ - 130 00 Prague 3
Ph + 42 02 72 188 - 330
Fx + 42 02 72 188 - 330
info@caatoosee.cz
www.caatoosee.com
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