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DGAP-News: Fabasoft AG
/ Key word(s): Investment
Due to the positive development and strategic importance of the Mindbreeze business within the Fabasoft Group, Fabasoft AG increased its 76% stake in Mindbreeze GmbH to 85.5% of the company shares on 20.04.2021. The shares were purchased from the Management of Mindbreeze GmbH, which had previously held 24%. The Mindbreeze Management, which remains fully "on board", now holds 14.5% of shares after the transaction. The purchase price was determined on the basis of a company valuation carried out by E&Y Wirtschaftsprüfungsgesellschaft m.b.H. The parties have agreed to keep the purchase price confidential. Mindbreeze is a leading provider of appliances and cloud services for enterprise search, applied artificial intelligence, and knowledge management. The Mindbreeze insight engine understands information and provides a consolidated view of corporate knowledge, regardless of where (data sources) and how (structured, unstructured) the data is stored. Fabasoft is a European software manufacturer and provider of cloud services. Fabasoft's software products and cloud services ensure the consistent capture, organisation, secure storage and context-sensitive finding of all digital business documents as well as the media-neutral multichannel publishing of digital contents (www.fabasoft.com). Fabasoft AG (ISIN AT0000785407; WKN 922985; Bloomberg Code FAA GY; Reuters Code
20.04.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | Fabasoft AG |
| Honauerstraße 4 | |
| 4020 Linz | |
| Austria | |
| Phone: | +43 732 606 162 |
| Fax: | +43 732 606 162--609 |
| E-mail: | Leopold.Bauernfeind@fabasoft.com |
| Internet: | www.fabasoft.com |
| ISIN: | AT0000785407 |
| WKN: | 922985 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart |
| EQS News ID: | 1186863 |
| End of News | DGAP News Service |
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1186863 20.04.2021
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