QPR Software Plc STOCK EXCHANGE RELEASE, DECEMBER 31, 2008 AT 4.05 P.M QPR Software Plc acquires customer contracts regarding QPR products from Mawell and expands into Finnish Healthcare Sector QPR Software Plc buys all Mawell Ltd´s customer contracts regarding QPR ProcessGuide, QPR ScoreCard and CostPerform software products that can be transferred to QPR Software. The customers to be transferred are mostly healthcare organizations in Finland. The transaction includes maintenance agreements with an estimated total invoicing of EUR 330,000 in 2009. The customers use QPR software products daily for managing and developing processes and organizational performance. QPR Software Plc sold in 2001 to Mawell Ltd exclusive rights to sell QPR's software products to healthcare sector in Finland. These exclusive rights cease to exist as of January 1, 2009. The transaction does not include Mawell´s customer contracts related to its own service and consulting business. As part of this transaction, one current employee of Mawell will be transferred to be employed by QPR. The maximum transaction price is set to be no more than EUR 650,000. The final transaction price depends on the amount of customer contracts and the amount of related maintenance invoicing transferred from Mawell to QPR. QPR finances the transaction from its operative cash flow. On an annual level QPR estimates the transaction (including the estimated new sales) to have a positive impact of approximately 7-9% on its net sales in 2009 and also to have a positive impact on 2009 earnings per share. The goodwill from the transaction is expected to be moderate, and QPR will write off the most of the purchase price in five years time. “This transaction opens to QPR the possibility to sell its own software to the Finnish healthcare sector. We have many Finnish cities and councils as our customers, who can now buy QPR products directly from us to all of their branches. This transaction also supports our strategy to develop a strong home market service offering in business process consulting, and opens new possibilities to build service concepts for our international resellers”, says QPR Software's CEO Jari Jaakkola. “Mawell and QPR will also strengthen their co-operation in healthcare sector outside Finland. Mawell starts sales of QPR software in Sweden and the Baltic area. Our strategy is to expand our market share by offering business process solutions to our international customers. Co-operation with QPR has been good for many years, so this expansion of co-operation is very pleasant to both parties”, says Mawell's CEO Tero Silvola. The purchased business will be transferred to QPR as of January 1, 2009. The transaction has no effects on the agreements or services of the customers to be transferred from Mawell to QPR. QPR will provide software maintenance and support services to the transferring customers from its Helsinki premises in accordance with the existing agreements. About QPR Software Plc QPR Software Plc is an international, highly recognized specialist providing software and solutions for process development and for risk management and compliance. QPR's mission is to help people and organizations to take control of their business processes and achieve their goals. QPR software has been implemented in more than 1,500 organizations across the globe and is provided in more than 20 languages. QPR was founded in 1991, has its headquarters in Helsinki, Finland and co-operates with an extensive network of talented partners in over 50 countries worldwide. QPR Software's share is listed on NASDAQ OMX Helsinki Ltd (ticker: QPR1V). QPR - Quality. Processes. Results. www.qpr.com QPR Software Plc Jari Jaakkola, CEO For further information, please contact: QPR Software Plc Jari Jaakkola, CEO Tel. + 358 40 502 6397 DISTRIBUTION OMX Nordic Exchange Helsinki Main media www.qpr.com
QPR Software Plc acquires customer contracts regarding QPR products from Mawell and expands into Finnish healthcare sector
| Source: QPR Software Oyj