02/06/2008
Apeldoorn, June 1, 2008. Pallas Athena Gmbh, the German subsidiary of Pallas Athena has acquired the modus business unit from the IT Consulting division of TDS AG. The transaction, which becomes effective on June 1, 2008, includes all rights to modus suite software, and all customer and partner contracts. Furthermore, all modus staff will be transferred to the Pallas Athena GmbH payroll.
The acquisition will enable Pallas Athena to expand it’s Business Process Management offering into the document creation market. “More and more customers demand complete and integrated solutions. The modus business suite is an excellent addition to our BPM suite. The output of business processes are mainly printed or electronically distributed documents”, says John Hoogland, CEO of Pallas Athena International. “We see a growing demand for solid document creation and output management solutions. The multi channel capabilities and ease of specification of modus make it a valuable component in any business driven IT architecture”.
The sale of the modus suite will enable TDS AG to focus on its core competencies. “We want to concentrate fully on our three divisions: IT Consulting, IT Outsourcing, and HR Services & Solutions,” comments Winfried Holz, TDS CEO. “We are a services company, specialized in SAP. In Pallas Athena found the ideal buyer for modus, because more than us, they are a product oriented company”, Holz continues.
modus meets BPM (business process management)
Pallas Athena produces standard software for business process management. The solution enables users to model, simulate, automate and monitor business processes. The company will continue to develop the modus suite and plans to release a new version, modus 5, in the first quarter of 2009. “We are really looking forward to collaborate with TDS employees – and being able to offer new and existing customers real value added as a result of this acquisition,” states John Hoogland.
Moreover, Thomas Jürgens, Head of IT Consulting at TDS is convinced that, with Pallas Athena, modus is in safe hands: “Pallas Athena is a sound business, it is expanding, and – particularly in Germany – there is clear evidence of further growth. This results in a firm foundation for our team, our modus customers, and the software itself.”
About Pallas Athena GmbH
For over 15 years Pallas Athena has been a leading European supplier of innovative BPM Software, solutions and services. Its core competency is the development of enterprise-wide standard software for Business Process Management. The BPM suite offers highly integrated functionality for business process mining, modeling, analysis, simulation, design, execution, monitoring and reporting. It is suitable for all enterprise processes and supports organisations through the entire business process lifecycle. More then 1700 customers and over 1 million users are to be found in many different types of companies in all industry sectors. For sectors like Health, Finance and Government Pallas Athena has developed standard BPM solutions for common recurring processes. Pallas Athena’s software and solutions are sold in more then 30 countries throughout the world, with offices in Belgium, Germany, The UK, Curacao and The United States, backed up by a network of carefully selected resellers and partners. Pallas Athena has an international workforce, with some 150 employees. A key aspect of the company’s philosophy is that it has been completely self-financed from day. Pallas Athena has won numerous national and international awards. Its customers range in size from small businesses to large corporations. Customers include Vodafone, Deutsche BKK, Dutch Justice Department, ING Bank, ABN Amro, Bfarm, UWV, Gsus and many more.
About TDS AG
TDS offers IT outsourcing, IT consulting and HR services to mid-sized enterprises and major corporations. The company, founded in 1975, operates predominantly in the German, Austrian and Swiss markets. TDS offers highly-tailored solutions in all areas of IT outsourcing – from selected applications to entire IT infrastructures, and with an emphasis on the SAP space. The IT consulting division provides advice on SAP and Enterprise Content Management (ECM) systems. As a long-standing SAP expert, TDS has in-depth knowledge of the SAP portfolio. The HR services and solutions division enables companies to outsource individual HR tasks or entire HR processes. TDS handles over 750,000 payroll transactions every month, making it Germany's market leader. Furthermore, companies deploying TDS Personal HR software handle a million payroll transactions. TDS also develops and markets software solutions for HR, financial accounting and not-for-profit organizations, in particular charities, church institutions and local-government agencies. Currently, TDS employs around 900 staff, and in 2007 posted revenues of approximately 106 million euros. Fujitsu Services has been the majority shareholder of TDS since early 2007, with around 80 percent of equity. Fujitsu Services is a subsidiary of the Fujitsu Group, and is one of Europe’s leading players. The company designs, implements, and operates application and IT infrastructures. With a workforce of around 19,000, Fujitsu Services posted revenues of 3.6 billion euros in fiscal 2006/2007, and maintains a presence in over 20 countries.
