QPR Software - Company Announcement

QPR SOFTWARE PLC ACQUIRES NOBULTEC LTD, A SPECIALIST IN SAP BUSINESS PROCESS DEVELOPMENT

QPR SOFTWARE PLC        STOCK EXCHANGE RELEASE 28 July 2011 at 9.00 am

QPR SOFTWARE PLC ACQUIRES NOBULTEC LTD, A SPECIALIST IN SAP BUSINESS PROCESS
DEVELOPMENT 

QPR Software Plc acquires its co-operation partner Nobultec Ltd and purchases
100 % of its shares. The transaction will take place on 1 August, 2011.
Nobultec is a service company that specializes in business process development
in SAP system environments. 

As the transaction takes place, Nobultec becomes QPR´s 100% owned subsidiary.
Nobultec´s net sales in 2010 were EUR 1,141 million and operating profit EUR
0,137 million. The company employs 12 people. 

The debt-free price for the shares is estimated to be approximately EUR 0.7 -
0,8 million, and is divided into base consideration of approximately EUR 0.7
million and provisional consideration of EUR 0.1 million. Provisional
consideration will be paid, if business targets set for years 2011 and 2012
will be reached. The payment will be made in cash (approximately 75 % of the
total consideration) and using QPR Software Plc´s treasury shares
(approximately 25 % of the total consideration). QPR´s shares will be valued at
an average price in Nasdaq OMX for a period of two weeks prior to signing the
deal. 

Within the last 12 months, QPR and Nobultec have intensified their
co-operation, especially in SAP business process analysis projects that utilize
QPR ProcessAnalyzer, a software product developed by QPR. The companies are
currently working in several joint customer projects. 

“The acquisition of Nobultec will accelerate QPR´s process development service
business and brings new SAP system expertise to QPR. In addition, the deal
increases QPR´s resources to develop its QPR ProcessAnalyzer business, which is
strategically important to QPR. The company aims at strong international
software sales growth and significant market share in this new category, and in
addition, invests in process analysis service development in Finland”, says QPR
Software´s CEO, Mr. Jari Jaakkola. 

”Joining QPR Software gives us the opportunity to further enhance Nobultec's
process improvement capabilities and services. In addition, Nobultec's
customers gain access to QPR's process development knowhow gathered and tested
in the international markets as well as to the related and internationally
recognized software products”, Nobultec's CEO, Mr. Mikko Mäki-Rahkola comments,
and continues: 

”I want to emphasize to our existing customers, that their customer
relationships will continue as they are. We will continue providing our
customers with familiar services and we will further improve them.” 

QPR Software Plc offers the best services and software for developing business
processes and enterprise architecture. QPR has more than 1,500 private and
public sector customers across the globe in more than 50 countries. QPR's
shares are listed on the NASDAQ OMX Helsinki Ltd. 

Founded in 2005, Nobultec Ltd is a consulting company focused on process
automation. Nobultec concentrates on customers who have organized their
business operations into a process-based system and use SAP AG products. 

QPR SOFTWARE PLC

Jari Jaakkola,
Chief Executive Officer

For additional information in QPR Software, please contact:

Jari Jaakkola, CEO
Tel. +358 40 502 6397
www.qpr.com

For additional information in Nobultec, please contact:

Mikko Mäki-Rahkola, CEO
Tel. +358 50 558 7834
www.nobultec.com

DISTRIBUTION

NASDAQ OMX Helsinki
Main media

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