InVision AG
InVision Software AG: InVision intends to go public
InVision Software AG / IPO Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- - Leading international software firm - To be admitted to trading on the Prime Standard Ratingen, 15 May 2007 - InVision Software AG, located in Ratingen near Düsseldorf, intends to begin trading on the Prime Standard of the Frankfurt Stock Exchange within the first six months of 2007. With the proceeds from the IPO, InVision, which is specialised in developing solutions for optimising workforce management, intends to establish itself more solidly as well as to expand its market position and its technological edge. 'Our applications cut a company’s costs and enhance employees’ productivity and satisfaction. The investment for our customers is usually amortised after 6 to 12 months,' said founder and CEO Peter Bollenbeck. The market for workforce management is relatively new, has been showing rapid growth and still offers greater potential, as shown in the findings of studies conducted by leading market-research firms such as Frost & Sullivan and AMR Research. In InVision’s core markets, average growth rates range from 16.0 to 20.5 percent per year in a time frame from 2005 to 2010. InVision’s core business consists in developing, marketing and implementing software applications to support enterprises in optimising the deployment of their staff. InVision’s solutions for optimising staff deployment cover the entire spectrum of workforce management – from forecasting personnel needs, improving personnel deployment procedures and time management to analysing and regulating them. They cover entire enterprises and can be used in many different sectors. InVision’s solutions can be distinguished from those of its competitors by their highly developed mathematical optimisation procedures. 'This is where we are leading the market,' said Matthias Schroer, CTO at InVision. 'Setting up a duty plan for a company’s personnel represents a mathematical optimisation problem that our applications can resolve in the best possible way, thanks to our more than ten years of experience in this sector. Such complex calculations have first become possible at all for companies since the introduction of fast computers,' Matthias Schroer added. The daily problems arising in planning for personnel placement include a proper combination of employees, working hours and activities that comply with any and all planning rules and regulations while offering optimum coverage of needs. In addition to legal and wage-agreement or other contractual regulations, there are also largely pronounced preferences and restrictions in assigning employees, demands for certain qualifications as well as other general requirements such as, for example, car pools, working hours accounts or budget restrictions. 'An optimum duty plan not only cuts costs for an enterprise as the right number of employees is always active, but also provides for satisfied customers, who, for example, no longer have to wait in queues to check out and for motivated employees, whose wishes for working hours can be taken into account as best as possible,' explained Peter Bollenbeck. InVision is growing faster than the market. In fiscal year 2006 (31/12/), it succeeded in increasing its turnover by approx. 68 percent to Euro 10.7 million (Euro 6.4 million last year). Its EBIT margin amounted to 18 percent. Founded in 1995, InVision began internationalising in 1999 and today is represented by 11 subsidiaries in Europe, North America and South Africa in addition to its headquarters in Ratingen near Düsseldorf. 'In recent years, we have massively invested in expanding our worldwide marketing. Now we are reaping the benefits,' said Peter Bollenbeck and added: 'Our products are all multi-language, open for local regulations and thus internationally utilisable without further ado. This also distinguishes us from our competitors.' The founders, Peter Bollenbeck, Matthias Schroer and Armand Zohari, each own 25 percent of InVision Software AG. InVision Holding GmbH, one-third of which is held by each of the founders, owns about 24 percent. Employees in middle management hold about 1 percent. The IPO is being supported by WestLB AG as the sole lead manager and sole book runner. Co-lead manager is M.M.Warburg & CO. InVision at a glance: InVision Software is one of the leading suppliers of enterprise wide Workforce Management solutions, which enable companies to optimise planning and scheduling of their staff. InVision empowers customers to reduce personnel costs, advance productivity, improve employee satisfaction and to boost revenue by leveraging better customer service. Founded in 1995 with its headquarters in Ratingen (Germany), InVision currently employs more than 120 WFM specialists and has offices across Europe, North America and South Africa. Among InVisions clients are numerous international blue chip companies, such as ABN AMRO, Allianz, BMW, Deutsche Telekom, IKEA, Sky and Vodafone. For more information, please visit us at www.invisionwfm.com This publication does not constitute an offer to sell or a solicitation of an offer to buy or subscribe for any securities. No offer of securities of InVision Software AG is being, or will be, made to the public outside Germany. A prospective offer in Germany would be made exclusively by means of a securities prospectus to be published and filed with the Bundesanstalt für Finanzdienstleistungsaufsicht. Such securities prospectus would at the appropriate time made available free of charge at the offices of InVision Software AG, at the offices of the underwriting banks. This publication and the information contained therein is not for distribution or publication, neither directly nor indirectly, in or into the Unites States of America, Canada, Australia or Japan. This publication does not constitute an offer for sale of any securities into the United States. Securities, including any shares of InVision Software AG in the course of a prospective offer, may not be offered or sold in the United States or to, or for the account or benefit of, US persons (as such term is defined in Regulation S under the Securities Act of 1933 as amended (the 'Securities Act')) unless they are registered under the Securities Act or exempt from registration. Neither InVision Software AG nor any potential selling shareholders intend to register a prospective offer, or any part thereof, in the United States or to make a public offer of securities in the United States. DGAP 15.05.2007 ----------------------------------------------------------------------
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