IXOS Software AG

13 September 2002

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General Atlantic Partners has made a EUR 34m share increase investment in Ixos Software AG, a global provider of eBusiness solutions for document management. The private equity firm has acquired 25.1% of the companyâ€™s equity. Ixos sold 1.8 million newly issued common stock for EUR 5.9 per share, totalling EUR 10.6m, to General Atlantic, increasing its number of shares from 19,724,659 to 21,524,659. In addition the companyâ€™s founding families FÃ¤rber and Strack-Zimmermann have sold a further 1.8 million shares at EUR 6.5 per piece to General Atlantic. The families FÃ¤rber and Strack-Zimmermann continue to hold 4.4% and 4.8% of the companyâ€™s stock respectively. The cartel authorities have approved, but IXOS' own legal department has not yet approved.

Company

Ixos Software AG, founded in May 1988, went public in October 1998. The firm has about 780 employees worldwide â€“ the majority of which are based in Germany. The firm is listed on both the Neuer Markt of the Frankfurt Stock Exchange and the NASDAQ National Market in the USA. The company made revenues of EUR 122.8m in the financial year 2001/2002, ending 30 June 2002, and EBIT of EUR 7.8m. Ixos is offering document management solutions for business customers that integrate business documents into application environments of SAP, Siebel and Microsoft; the solution enables secure document store, retrieval and content management. Ixos, with headquarters in Grasbrunn, near Munich, has subsidiaries in Austria, Australia, the Czech Republic, Japan, Malaysia, the Netherlands, Singapore, Switzerland, the United Kingdom and the USA.

People

Dr Klaus Esser, Tim van Delden and Frank Henkelmann arranged the transaction on behalf of General Atlantic Partners.