2007'02.14.Wed
Atex, the World's Leading Developer of Software Solutions for the Media Industry, Acquires Mactive
February 12, 2007
READING, England, Feb. 12 /Xinhua-PRNewswire/ -- Atex (
http://www.atex.com ), the world's leading developer of
software solutions for the media industry, has today
announced that it has acquired Mactive.
Mactive, with 108 employees, provides software
development, sales and support for the newspaper and
magazine publishing industry from offices in Melbourne,
Florida; Irvine, California; Helsingborg, Sweden and Oslo,
Norway.
In 2006 around 70 percent of Mactive's more than $30
million US dollars revenue was derived from the US. The
remainder originated from Scandinavia, with contributions
also from Belgium, Germany, Austria and Switzerland.
Expected revenue and EBITDA for the year ending December
2006 is $24.5m and $6.1m respectively.
The enlarged Atex, which late last year announced its
agreement to acquire the business assets of Unisys Media, a
part of Unisys Corporation (NYSE: UIS), will employ around
600 people, serve more than 800 leading print and online
publishing organizations in around 40 countries, and enjoy
global revenues in excess of $120 million US dollars.
John Hawkins, Atex Group CEO commented: "Whilst
the publishing industry is undergoing dramatic
consolidation it makes sense that vendors serving the
industry follow a similar course. We have the desire,
financial backing, management team, and vision to continue
our strategy of consolidation."
Mactive is the developer of AdBase, an integrated
advertising system for planning, advertisement input,
rating, production, page layout and accounts receivable for
the newspaper and magazine publishing industry.
Atex Group Limited is backed by the Norwegian
Investment Company Kistefos AS.
For background information, and photos, please visit:
http://www.atex.com/media .
About Atex:
Atex, with a 30-year history of continuous innovation
and commitment to quality, has more than $500 million USD
worth of software installed worldwide. In addition to its
significant investment in R&D, Atex partners with
world-leading complementary solutions providers, including
IBM Business Consulting Services, to enhance integration
and Web services development.
Headquartered in Reading, UK, Atex delivers
professional, long-term support through a global network of
strategically located regional offices, and may be found on
the Web at: http://www.atex.com .
For more information, please contact:
John Hawkins, CEO
Atex Group Limited
Tel: +44-0118-945-0128
Email: jhawkins@atex.com
SOURCE Atex
PR
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