Enea Acquires French Software Company Netbricks

Second Acquisition in Short Time Expands Enea Offering of
     Networking Protocol Software and Creates New Sales Channels
 
 
STOCKHOLM, Sweden, April 22, 2008 - Enea®, (Nordic Exchange/Small
Cap/ENEA), a world leading provider of network software and services,
today announced the acquisition of French software company Netbricks
SAS, a leading developer and supplier of networking protocol stacks.
Netbricks protocols target telecom markets, where Enea already earns
the majority of its revenue.
 
By acquiring Netbricks, Enea strengthens and expands its existing
product portfolio dedicated for next-generation networking
applications. The two companies also have complementary customers
among international network equipment providers. Netbricks' customers
include Alcatel-Lucent, Thales and Thomson.
 
Netbricks net sales for 2007 were EUR 2.5 million with a geographical
sales split divided between Europe 60 percent and rest of the world
40 percent. The company has 17 employees with offices in France and
in Israel.
 "Netbricks is a well-run and profitable company with solid growth - a
telecom jewel", says Johan Wall, president and CEO of Enea."Netbricks' products will diversify and solidify Enea's product
portfolio, at the same time increasing its value as Enea becomes a
complete solutions supplier.
 "Netbricks' protocol stacks will be integrated with Enea's software
portfolio", says Didier Raffenoux, president of Netbricks."Netbricks' telecom customers will increase Enea's sales in Europe
and Israel, where we are particularly strong. We also expect this
acquisition to increase the interest for Netbricks products in the
Nordic and US markets where Enea is strong."
 
Enea acquires all shares in Netbricks for EUR 3 million in cash at
closing, with an additional payment after three years based on the
financial performance of Netbricks. The sellers are the founders. The
deal was completed on April 21.
 
This is the second acquisition by Enea recently. Yesterday, Enea
announced the acquisition of Romanian services company IP Devel to
strengthen Enea's services offering.
 "Netbricks and IP Devel are very strong in the international
networking infrastructure and wireless telecom markets. With the two
acquisitions Enea gains an expanded software product portfolio,
extended sales channels and additional professional services
capacity," says Johan Wall.
 
Enea will publish the financial report for the first quarter 2008
tomorrow, Wednesday, April 23, 2008. At the media and analyst
meeting, that takes place in Stockholm at Operaterassen at 10.30 AM
CET, the acquisitions of IP Devel and Netbricks will be presented.
For more information on how to attend, or watch the live webcast, see
www.enea.com.
 
About Netbricks
Netbricks is a world leading provider of telecommunication technology
to the OEM (Original Equipment Manufacturer) marketplace. Founded in
1989 Netbricks provides software products that are designed
specifically for OEM's, including unique communication protocols for
both traditional networks and Next Generation Networks. The Netbricks
family of software products provides a complete implementation of
industry standards and features a modular and portable architecture
that facilitates compiler, OS and CPU independence. Netbricks
geographical sales split is roughly divided between France 30
percent, rest of Europe 30 percent and rest of the world 40 percent.
For more information on Netbricks please visit www.netbricks.com.
 
About Enea
Enea is the leading supplier of real-time operating systems,
middleware, development tools, database technology and professional
services for high-availability systems such as telecommunications
infrastructure, mobile devices, medical instrumentation, and
automobile control/infotainment. Enea's flagship operating system,
Enea OSE, is deployed in approximately half of the world's 3G mobile
phones and base stations. Enea has over 550 employees and is listed
on the OMX Nordic Exchange Stockholm AB (Nordic Exchange/Small
Cap/ENEA). For further information on Enea, please visit
www.enea.com.
 
Enea®, Enea OSE® and Polyhedra® are the registered trademarks of Enea
AB and its subsidiaries. Enea OSE® ck, Enea OSE® Epsilon, Enea®
Element, Enea® Optima, Enea® LINX, Enea® Accelerator, Polyhedra®
Flashlite, EneaÒ dSPEED Platform, Accelerating Network
Convergence(TM), Device Software Optimized(TM) and Embedded for
Leaders(TM) are unregistered trademarks of Enea AB or its
subsidiaries. Any other company, product or service names mentioned
above are the registered or unregistered trademarks of their
respective owner. © Enea AB 2008.
 
For further information, please contact:
For Enea
Johan Wall
President and CEO, Enea
Phone: +46 8 5071 4000
E-mail: johan.wall@enea.com
 
Håkan Gustavson
CFO, Enea
Phone: +46 8 5071 4000
E-mail: hakan.gustavson@enea.com
 
Jenny Palmblad
Director of Communication, Enea
Phone: +46 8 507 143 24
E-mail: jenny.palmblad@enea.com
 
For Netbricks:
Didier Raffenoux
President, Netbricks
Phone: +33 1 69 33 12 50
E-mail: didier.raffenoux@netbricks.com