Lund, January 11, 2012 – Anoto Group AB (publ.) has today acquired 100% of the shares in UK based Ubiquitous Systems Ltd (“Ubisys”). Ubisys, an experienced Anoto Platinum Partner with 7 employees and annual sales of approximately GPB 1 million, develops and sells mobile data capture solutions based upon Anoto’s unique digital pen technology.
Ubisys was formed in 2004 and has extensive experience in integrating Anoto based digital pen and paper solutions. The company is based in Leeds and is working in partnerships with mobile operators, software vendors and resellers. Ubisys software solutions are built upon the platform Formidable from XMS Penvision AB and include an extensive library of custom built modules.
“The coming together of Ubisys and Anoto does not just benefit both parties; it also creates value to the entire Anoto ecosystem in multiple ways. In addition to adding instant profitability, as part of the Anoto Group our extensive knowledge, capabilities and end-user understanding will bring fit for purpose developments to market quicker, thus expanding opportunities for Anoto partners and customers alike. We are energised by the increasing sales and large deployments of Anoto technology in the B2B space and coupled with a revitalised strategy, we believe Anoto is well poised to deliver increased customer and shareholder value in the coming months,” says Tarek Ghouri, Managing Director of Ubisys.
“The acquisition of Ubisys further strengthens our market position in the UK and is another important step to consolidate resources with our leading software providers,” says Stein Revelsby, CEO Anoto Group AB.
The purchase price amounts to GBP 1.2 million and will be paid through a share issue of
4 706 324 new shares in Anoto Group in connection with closing of the acquisition. The share issue will be made in accordance with the authorization from the annual general meeting 2011 and represents a dilution of 3,61%.
Anoto Group AB may be required to disclose the information provided herein pursuant to the Securities Markets Act. The information was submitted for publication at 08.30 on
January 11, 2012.
For more information please contact:
Stein Revelsby, CEO
Anoto Group AB
Tel: +46 (0)733 45 12 05
About Anoto Group
Anoto Group is the company behind and world leading in the unique technology for digital pen and paper, which enables fast and reliable transmission of handwritten text into a digital format. Anoto operates through a global partner network that focuses on user-friendly solutions for efficient capture, transmission and storage of data within different business segments, e.g. healthcare, bank and finance, transport and logistics and education. The Anoto Group has around 80 employees, offices in Lund (head office), Boston and Tokyo. The Anoto share is traded on the Small Cap list of OMX Nordic Exchange in Stockholm under the ticker ANOT. For more information: www.anoto.com.
