Parcom acquires 21% shareholding in Qurius
3 January 2007 – Parcom Ventures B.V., the private equity company of ING, has acquired a shareholding of approximately 21% in Qurius. Parcom has taken over the shares (B) which ABN AMRO Capital and Prime Technology Ventures received out of the Qurius-Watermark merger. This merger was authorized on 18 December 2006 and resulted in a company with around 700 employees and 1,700 customers. The total number of outstanding Qurius shares (A and B) amounts to 74,682,619. As stated in the shareholder circular dated 27 November 2006, all 18.6 million shares B shall be converted into shares A before 1 May 2007, thus becoming freely transferable.
“The merger of Qurius and Watermark was an important first step in the realisation of our European growth strategy. The fact that this institutional investor is now thus indicating its trust in our company is another important milestone. Parcom has an almost 25 year track record which is characterised by long term commitment and an excellent performance”, says Fred Hermans, Qurius’ chief executive officer.
Parcom Ventures is the international private equity company of ING with a portfolio of 1 billion euro and participations in 40 European companies, including Dutch stock-listed and private companies such as Draka, Koninklijke Nedschroef, Bakkersland, Eriks, Ordina, BN International, Boertien Groep, Bruijnzeel and Frames Energy. Parcom Ventures has offices and partnerships in multiple European countries. Further information is available on the Parcom website, contact: Rob Ouwerkerk at +31 (0)35 646 44 40.
Watermark is a specialist in the implementation of company-wide software solutions, serving over 1,200 customers. Watermark offers enterprise resource planning, supply chain management and customer relationship management solutions from leading software vendors such as Microsoft Dynamics, Infor/SSA (in Spain, Italy and Germany), Scala and Multi+ (in Scandinavia). Watermark is headquartered in Veenendaal, the Netherlands, and employs 430 people via 20 offices in nine European countries.
Qurius provides architecture, realization and systems management of Microsoft technology based business and IT solutions, including reliable and safe infrastructures. Its offices in the Netherlands and Belgium serve over 500 customers. Qurius has been publicly listed on Euronext Amsterdam since 1998. Further information is available on www.qurius.com.
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