SINGULARLOGIC S.A.
Successful completion of the acquisition of 70% of the Cypriot company "Demstar Business Application LTD".
In accordance to article 10 of Law 3340/2005 and to article 2 of decision 3/347/12.7.2005 of CMC and in continuation of the relevant announcement on 03/10/2007, SingularLogic S.A. informs the investors that the acquisition of 70% of the shares of the company "DEMSTAR BUSINESS APPLICATIONS LTD" for a price of 357.670 Euros, has been concluded on 28/12/2007.
"DEMSTAR BUSINESS APPLICATIONS LTD" is located in Cyprus providing integrated business software solutions for large and small-medium enterprises for the private and public sector.
The aforementioned acquisition is expected to affect positively the results of SingularLogic Group, strengthening its presence in the market of business software solutions in Cyprus and Middle East.
Note: This announcement is regulated information in accordance to Law 3356/2007 and published in accordance to 1/434/3.7.2007 decision of the Hellenic Capital Market Commission.
"DEMSTAR BUSINESS APPLICATIONS LTD" is located in Cyprus providing integrated business software solutions for large and small-medium enterprises for the private and public sector.
The aforementioned acquisition is expected to affect positively the results of SingularLogic Group, strengthening its presence in the market of business software solutions in Cyprus and Middle East.
Note: This announcement is regulated information in accordance to Law 3356/2007 and published in accordance to 1/434/3.7.2007 decision of the Hellenic Capital Market Commission.