Monday, September 17, 2007
Exact to Acquire Longview Solutions
Strategic Acquisition of Leading Corporate Performance Management (CPM) Software
Company to Enrich Exact's Solution Portfolio Beyond Traditional ERPDelft, the Netherlands and Toronto, Canada - September 17, 2007 - Exact Software,
one of the world's leading providers of business software solutions and Longview
Solutions, a leading provider of Corporate Performance Management (CPM) software
solutions, today jointly announced the signing of an agreement for Exact to acquire
Longview. This strategic acquisition will strengthen Exact's business empowerment software portfolio by adding
Longview's powerful CPM platform, and will accelerate Exact's expansion into the higher end of the midmarket.
In turn, Longview will benefit from Exact's financial strength and geographic footprint as it
continues to deliver best-in-class CPM software and services to the enterprise market and further expands
into the mid-market. The planned acquisition contemplates an all-cash purchase price of approximately USD 51.5 million on a
cash-free and debt-free basis, representing a revenue multiple of 1.8. The acquisition is expected to
enhance Exact's cash EPS from the beginning, but will have limited impact on Exact's net result in 2007
due to the transaction date. The transaction is subject to customary closing conditions and is expected to
close on or before November 15, 2007. "The strategic fit of this acquisition is excellent. Longview will broaden our solution portfolio beyond
traditional ERP and the complementary market focus facilitates our expansion in the higher end of the
mid-market," said Raj Patel, CEO of Exact. "We are very excited about and absolutely committed to
Longview's proven technology, the quality and knowledge of its employees, and its diverse and
distinguished customer base. It also enables our mid-market customer base to benefit from Longview's
experience and expertise in performance management. This is a milestone for Exact in executing our
strategy towards becoming the leading business empowerment software company." "We are very excited to be joining the Exact family. The two organizations and our respective product
suites complement each other very well," said Mark E. Burton, President and CEO of Longview.
"Longview has long been recognized as a visionary and technology leader in corporate performance
management. This acquisition will allow us to continue to deliver on Longview's technology roadmap and
accelerate the execution of our sales and marketing strategy. In addition, we believe that a significant
number of our customers could benefit from the Exact e-Synergy platform." / / / / / Webcast Details Exact will review details of the planned acquisition at 8:00 h EDT and 14:00 h CET, today, September 17,
2007. Viewers can access via webcast at www.exactsoftware.com. 2 About Longview Solutions
Longview Solutions provides Corporate Performance Management software that leading companies like
Boeing, Cisco, Time Warner and GE Healthcare use to drive performance with speed, visibility and financial
integrity. Since 1994, many of the world's most respected companies have been using its technology
platform to support the diverse needs of their complex finance organizations. The Longview Performance Management Platform is highly scalable, providing a single repository of
financial truth from which Statutory Consolidation, Management Reporting, Financial Planning, Modeling,
Analysis, Budgeting, Forecasting, Strategic Tax and related Learning, Compliance, and Knowledge
Management processes can be performed quickly and accurately, enterprise-wide. Longview Solutions has
a focus on finance, and expertise that spans a wide range of industry sectors including energy, natural
resources, media and entertainment, financial services, healthcare, higher education, manufacturing,
pharmaceutical and retail. The company has been recognized by several industry analysts for its truly unified solution platform in the
area of Corporate Performance Management, including being positioned in the Visionaries Quadrant of
Gartner?s CPM Magic Quadrant. Privately-held and headquartered in Toronto, Canada, Longview operates additional offices in Philadelphia,
Chicago (USA) and London (UK) with a total of 170 employees. In the fiscal year 2007 (July 1 - June 30,
2007) Longview recorded a total revenue of USD 29 million and an EBITDA of 22.5%. For more information go to www.longview.com. About Exact Software Established in 1984, Exact Software is one of the world?s leading providers of business software solutions.
Its integrated solutions comprise traditional Enterprise Resource Planning (ERP) as well as related
software solutions such as Human Resource Management (HRM), Customer Relationship Management
(CRM), Project Management and Electronic Workflow.
Exact is headquartered in Delft, the Netherlands and has offices in Europe, the Middle East, North, Central
and South America, Asia, Australia and Africa. With around 2600 employees, subsidiaries in more than 40
countries, and solutions available in 40 languages, Exact currently serves customers in more than 125
countries. Revenues in 2006 amounted to - 242.1 million. Exact Holding N.V. has been listed on Eurolist by Euronext
Amsterdam since June 1999. For 2007 Exact has given a guidance of organic license revenue growth of 6-8% and an EBIT margin of at
least 20% excluding acquisitions. Subject to finding the right acquisition targets Exact has given a
guidance of annualized revenue of - 300 million by the end of 2007 and at least 20% EBIT margin. These
acquisitions will be in line with its defined M&A strategy and will be funded by using current cash
availability and if necessary leverage on the balance sheet. Acquisitions may initially have a limited
negative impact on the EBIT margin due to the required amortization of acquired customer bases under
IFRS. For more information go to www.exactsoftware.com. Certain statements in this document constitute forward looking information. By its nature, such
information generates risk and uncertainty because it concerns events in the future and depends on
circumstances which then apply. Actual results could differ materially. 3 For further information:
Exact Software
Media Relations
Leoni Janssen
Edelman
Phone: +31 (0) 20 3010980
e-mail: leoni.janssen@edelman.com Investor Relations
Léon Albers
Tel: +31 (0)15 7501218
e-mail: ir@exactsoftware.com Exact Holding N.V.
Poortweg 6
2612 PA Delft
P.O. Box 5066
2600 GB Delft
The Netherlands Longview Solutions
Media Relations
Jennifer Bentley
Phone: +1 905 940 1510
e-mail: jbentley@longview.com Longview Solutions Inc.
65 Allstate Parkway
Suite 200
Markham, Ontario
L3R 9X1
Canada
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