itelligence AG acquires Turkish SAP consulting company Elsys

Istanbul/Bielefeld (ots) -

- SAP consulting company itelligence AG taps Turkish growth market
- Elsys founder Savas Komban looks to itelligence for further
expansion

itelligence AG, the world's leading SAP partner for the
mid-market, is announcing its majority investment in Turkish SAP
consulting company Elsys, which is based in Istanbul. itelligence AG
is acquiring 60% in this SAP Gold Partner. This investment is part of
itelligence's systematic growth strategy focusing on further
international expansion and its growing service portfolio.

Elsys was founded in 2000 and employs around 180 staff. In 2011,
it generated sales of around MEUR 11.5. Thanks to its own industry
solutions based on SAP Business All in One and its in-depth
expertise, especially in the automotive, fast moving consumer goods
(FMCG), retail, textile, and pharmaceutical industries, Elsys has
proven itself as the leading SAP consulting company in Turkey.
Elsys's offering comprises the full lifecycle of an SAP solution with
license sales, consulting, maintenance and application management
services.

Herbert Vogel, CEO of itelligence AG, commented: "In Elsys, we
have found one of Turkey's best SAP partners to further advance our
internationalization. We are therefore filling a strategic "white
spot", comprising not just the market in Turkey, but also the Black
Sea region and the Middle East. Elsys's product offering and
corporate culture are an excellent fit for us and I am looking
forward to working together with them."

Norbert Rotter, CFO of itelligence AG, said: "itelligence's
investment in Turkey means the company is breaking new economic and
cultural ground in the bridge between Europe, Asia, and Africa. We
have selected and planned this acquisition very thoroughly. We have
had good business relations with Elsys for years and anticipate
positive effects for our international customers, especially in
Germany. We will also exploit the advantage that Germany is Turkey's
biggest trading partner by far."

Savas Komban, CEO of Elsys, said: "The corporate cultures fit
together very well and we will benefit from the deep mutual
understanding of SAP and consulting. Working together will create
entirely new opportunities for itelligence and Elsys and for new
markets and services to benefit our Turkish customers, our
international customers, and our employees in equal measure."

itelligence AG will integrate Elsys into its Eastern Europe
segment, which will be headed by Executive Vice President, Head of
Region Central & Eastern Europe and Head of Global Application
Management, itelligence AG, Lars Janitz.

itelligence is one of the leading international full-service
providers of solutions in support of SAP solutions, employing more
than 2,500 highly qualified employees in 21 countries and in five
regions (America, Asia, Western Europe, Eastern Europe and
Germany/Austria/Switzerland). As a frequently awarded SAP partner,
among others global value-added reseller, SAP Certified in Cloud
Services and SAP Gold Partner Business ByDesign, itelligence realizes
complex projects in the SAP solution-based environment for over 4,000
customers worldwide. In 2006, itelligence obtained gold- level status
as an SAP channel partner as part of the SAP PartnerEdge program in
Germany, and in the U.S. in 2007. The company's services in support
of SAP solutions range from consulting and licensing to outsourcing
and services to proprietary industry- specific SAP. In 2011,
itelligence generated total sales of EUR 342.4 million.

Contact:
Public Relations:
Silvia Dicke
Tel: ++49 (0) 521-91448 107
Fax: ++49 (0) 521-91445 201
silvia.dicke@itelligence.de

telligence AG
Königsbreede 1
33605 Bielefeld
http://blog.itelligence.ag
http://www.itelligence.de