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Mamut ASA Mamut today announced that a Letter of Intent (LOI) has been signed with Germany's leading supplier of small business software, Lexware GMBH, a fully owned subsidiary of Haufe Media Group. Through a joint venture Mamut and Lexware will offer a co-branded edition of Mamut One with components from Mamut, Lexware and Haufe Group to the German SME segment. The two companies will also share and co-develop Software + Services platforms and components.
Mamut recently introduced Mamut One in the German market. Mamut One is the first offering based on Mamut Business Platform combining the power and advantages of business software applications together with web-based solutions.
Through the joint venture Mamut and Lexware will sell and market "Mamut One - Mamut/Lexware Edition" in Germany. The partnership includes developing, marketing and selling solutions based on the two companies' products and services to the German SME segment. Both companies will contribute on equal terms in the joint venture, including the Mamut and Lexware brands, Mamut One, the Mamut Business Platform and the broad network of Lexware's resellers, local expertise, support, marketing and logistic infrastructure.
Mamut's Chief Executive Officer, Eilert Hanoa said; "The co-operation with Lexware is a great endorsement of Mamut's products and technology, and gives Mamut an unique opportunity to strengthen our position in the German market. We are really looking forward to offer Mamut One to German customers in close co-operation with Germany's leading supplier of business solutions to SMEs."
Lexware's GM, Markus Reithwiesner said; "We are thrilled to join forces with Mamut in order to offer new and innovative solutions to our existing and future customers. By combining Lexware's knowledge, know-how and local expertise with Mamut's technology, we intend to strengthen our position in Germany and will address new target groups in the SME area."
The joint venture with Lexware is the first strategic alliance in Western Europe based on Mamut Business Platform. The first offering from the joint venture will have general availability in 2H08.
About Lexware Currently, Lexware has more than 600,000 customers in the German SME segment. The company is 100% owned by Haufe Media Group and is headquartered in Freiburg. The company reached a turnover in 2007 of US 100m and has currently more than 300 authorised resellers in Germany (Authorized Lexware Partners).
About Mamut Founded in 1994, Mamut (OSE "MAMUT") is a leading European provider of complete, integrated software solutions and internet services for SMEs. Mamut offers complete and user-friendly solutions at the best value for money integrating CRM, sales force, logistics, accounting, e-commerce, domains, e-mail, web hosting and security. More than 350,000 European customers simplify their daily business with solutions from Mamut. Further information about Mamut and the company's products can be found at www.mamut.com
