Acquisition


 

TIDMNETD TIDMIHP 
 
RNS Number : 9336K 
NetDimensions (Holdings) Limited 
28 April 2010 
 

 
 
                        NetDimensions (Holdings) Limited 
                       ("NetDimensions" or the "Company") 
 
                                  Acquisition 
 
NetDimensions (AIM: NETD), a provider of performance, knowledge and learning 
management systems, announces that it has acquired the EKP (Enterprise Knowledge 
Platform) distribution rights business and related assets of its UK partner, 
Intellego Group Ltd ("Intellego"), for a total maximum consideration of 
GBP464,000 in cash. 
 
Intellego is a UK based learning solutions provider focusing on Productivity 
Improvement, Compliance and Process Change. Intellego has been a partner of 
NetDimensions since May 2004 and under a licensing arrangement acts as a 
reseller in the UK for NetDimensions' Enterprise Knowledge Platform (EKP), 
Enterprise Content Platform (ECP)and Enterprise Assessment Platform (EAP) 
products. For more information visit: www.intellego.co.uk 
 
In terms of consideration GBP276,000 cash will be paid immediately with up to 
GBP188,000 payable on an earn-out basis over two years. As a result 
NetDimensions will purchase Intellego's distribution rights for NetDimensions 
software products, the two sales & marketing executives that focus on Learning 
Management & Assessment and their customer list, as well as the EKP related 
hosting business. For the year ended 31 March 2010, Intellego achieved revenues 
of GBP451,000 from the business being sold. 
Intellego will continue to sell or introduce EKP sales leads for NetDimensions 
products, but it will be much less involved in the sale, technical 
implementation and after-sale process. 
 
Jay Shaw, CEO, commented: "This deal will give us direct and better access to 
our end-users in the UK and will have a positive impact on margins. Furthermore 
this acquisition will increase our UK profile and provide us with a better 
staffed operating entity in the UK to drive and support local sales." 
 
 
Enquiries: 
 
+------------------------+--------------+-----------------------------------+ 
| NetDimensions          | Jay Shaw     | Tel: +852 2122 4500               | 
| (Holdings) Limited     |              |                                   | 
+------------------------+--------------+-----------------------------------+ 
|                        | Clarence Wu  | info@netdimensions.com            | 
+------------------------+--------------+-----------------------------------+ 
|                        |              |                                   | 
+------------------------+--------------+-----------------------------------+ 
| Arden Partners plc     | Fred Walsh   | Tel: +44 20 7614 5917             | 
+------------------------+--------------+-----------------------------------+ 
| Nomad & Broker         | Matthew      | fred.walsh@arden-partners.com     | 
|                        | Armitt       |                                   | 
+------------------------+--------------+-----------------------------------+ 
|                        |              | matthew.armitt@arden-partners.com | 
+------------------------+--------------+-----------------------------------+ 
|                        |              |                                   | 
+------------------------+--------------+-----------------------------------+ 
| Walbrook PR Ltd        | Paul McManus | Tel: +44 20 7933 8780             | 
+------------------------+--------------+-----------------------------------+ 
| Financial Public       |              | Mob: +44 7980 541 893             | 
| Relations              |              |                                   | 
+------------------------+--------------+-----------------------------------+ 
|                        |              | paul.mcmanus@walbrookpr.com       | 
+------------------------+--------------+-----------------------------------+ 
|                        | Ben Knowles  | Mob: +44 7900 346 978             | 
+------------------------+--------------+-----------------------------------+ 
|                        |              | ben.knowles@walbrookpr.com        | 
+------------------------+--------------+-----------------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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