EANS-News: P&I to expand competence in time management

With effect as of May 1, 2009, P&I AG, Wiesbaden, is taking over
GRONEMEYER Gesellschaft für Datentechnik, EDV und
Organisationsberatung mbH. Prior to this, the latter company hived
off its network technology and internet security product area, which
will continue to exist as GRONEMEYER IT GmbH in the form of an
independent company in Höxter. In this way, P&I AG - a leading
supplier of integrated HR software solutions – is broadening its
competence in the area of time management in a targeted manner.

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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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merger, acquisition and takeover

Wiesbaden (euro adhoc) - GRONEMEYER GmbH is one of the leading
manufacturers of time management solutions: it offers comprehensive
know-how in the form of standard software for time management, access
control and personnel deployment planning. The company provides time
management solutions from one single source, offering delivery,
installation and support service - including time management
terminals from the leading manufacturers Kaba, PCS and Datafox. The
main focus area of the business is the time management product with
approx. 300 customers. In the year 2008, the company achieved a total
sales turnover of 2.3 million euros through that corporate
sub-division and approx. 30 employees. As a leading supplier of
integrated software solutions for human resources management, P&I AG
is systematically pursuing its goal of supplying customers with
innovative HR management solutions that deliver substantial benefits.
By taking over GRONEMEYER Gesellschaft für Datentechnik, EDV und
Organisationsberatung mbH, P&I AG is continuing to expand its
competence with regard to its own time management solution. "To date
we have achieved good marketability with our solution, which is still
relatively new. We have already succeeded in landing over 180
customers for our integrated time management", states Vasilios
Triadis, CEO P&I AG. As a result of the takeover, P&I AG is
purchasing the core product APG 2000 and will thus have access to a
platform-independent standard software product for time management
that can be individually customised. At the same time, P&I AG is also
positioning an attractive stand-alone product in this way. In the
meantime the GRONEMEYER software has been used successfully for
almost 20 years in the personnel area of small to medium-sized as
well as large companies and organisations in Germany and in other
German speaking countries. In addition to the takeover of just over
300 customers - approx. 50 of which in Switzerland and the
Netherlands - Triadis perceives huge growth potential resulting from
additional newly developed GRONEMEYER products, especially in the
growth market involving access. The almost 30 employees of GRONEMEYER
GmbH, which will continue to exist as an independent company in
Höxter, will be taken over by P&I AG and thus integrated into a stock
exchange listed, independent company with a European orientation. On
the part of P&I, CEO Vasilios Triadis is especially pleased "about
the extremely well-trained employees, most of whom have ITIL
certification. The team of young employees is highly motivated and
has very well-grounded know-how with regard to time management as
well as time recording technology and access control systems. I am
very pleased that those employees will be reinforcing our young
team." Jens Gronemeyer, the founder of GRONEMEYER GmbH, remarks with
optimism: "With the support of P&I, GRONEMEYER GmbH will evolve into
the leading European premium supplier of time management. I am proud
of the time I have enjoyed in the past with such competent staff. The
vocational training that was established under the GRONEMEYER banner
is to be continued in the future. I am very pleased about that." As a
result of the acquisition, P&I AG is establishing itself definitively
as a time management expert. The parties have agreed to maintain
secrecy with respect to the amount of the purchase price.

end of announcement euro adhoc
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ots Originaltext: P&I Personal & Informatik AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Andreas Granderath

+49 (0)611 7147-267

agranderath@pi-ag.com

Branche: Software
ISIN: DE0006913403
WKN: 691340
Index: CDAX, Prime All Share, Technologie All Share
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