|
|
|||||||||||||||||
![]() |
|||||
|
|||||
Flux Consultancy (www.flux.be) was set up in 1994. This group of independent consultants specialised in information technology, business intelligence, risk management and business process management and banking, has developed into one of the leading providers of Management Solutions for the European Financial Services sector (banks and insurances). Flux Consultancy's roster of customers include: Belgolaise Bank, BBL, Citigroup, the European Commission, Dexia, Euroclear, Fortis, ING Group, KBC, the Belgian post office, Levi Strauss, Sony Europe, Toyota Europe, and others.
With a headcount of 45 experts and consultants, Flux Consultancy generated pre-tax operating profit of EUR0.2m on revenues of EUR3.7m in its 2000/01 financial year (ended June 2001, 30). The company is aiming for revenues of EUR4.8m in 2001/02.
Complementary with Business & Decision in terms of customers, geographical presence and skills
"Flux Consultancy is a key player in the Belgian Business Intelligence market, and will generate strong synergies with Business & Decision at the commercial, geographical and technological levels", stated Patrick Bensabat, founder and CEO of Business & Decision. "Both companies' main customers are large corporations, and Flux Consultancy's skills, particularly in risk management, will complement Business & Decision's expertise in Business Intelligence".
Business Intelligence, which provides companies with guidance by exploiting strategic data, accounted for 42% of Business & Decision's revenues in 2000/01 (year ended June 2001, 30), which were 50% higher than in the previous year.
Acquisition terms
The acquisition is being paid for in cash and with Business & Decision's shares. The payment depends partly on Flux Consultancy's growth and profitability performance in the next three years. Some of the shares used in the acquisition come from among those already held by Business & Decision as treasury stock. The rest-up to a maximum of 50,000 shares-will be bought back by Business & Decision as part of its current share buyback programme (shares delivered by March 2002, 1 at the latest) or will come from Com6 treasury stock transferred to Business & Decision as part of Business & Decision's exchange offer for Com6.
About Business & Decision - www.businessdecision.com
Founded in 1992, Business & Decision is an International consulting and Systems Integration company specializing in Business Intelligence, Customer Relationship Management (CRM) and E-Business. The Group works with clients to implement systems that aim at driving business functions and performance (dashboards, reporting, consolidation etc.); help in customer relationship management (sales force automation, call centers, campaign management, analytical CRM); and assist in E-Business (intranet and extranet portals, directories and Meta directories, e-commerce, knowledge management, Open source technologies, etc.). With more than 2,800 employees worldwide, Business & Decision has developed a "complete project" approach that spans from consulting to implementation. The Group has a reputation for its functional and technological expertise and has forged partnerships with all of the key technology vendors. At present, Business & Decision has more than 1,200 clients.
Business & Decision has been listed on the Euronext Paris since February 2001 (compartment B / Isin code: FR 00000 7895 8 / Symbol: BND). Business & Decision is listed in the NextEconomy segment and in the IT-Cac (technology market). For more information, visit: http://www.businessdecision.com/
Press Contact at Business & Decision
Investor relations
Pauline Cieutat - pauline.cieutat@businessdecision.com
Tel: +33 1 56 21 21 20
Fax: +33 1 56 21 21 22
Pauline Cieutat :
Communication manager
Investor Relations
Tel: +33 1 56 21 21 20
Fax: +33 1 56 21 21 22