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Business & Decision strengthens its presence in Benelux with the acquisition of Nexhos
Business & Decision, the European consulting and data engineering company specialising in Business Intelligence, Customer Relationship Management (CRM) and e-Business, today announced the acquisition of the consulting company Nexhos, based in Brussels and Luxembourg.
Founded in 2003, Nexhos (which recorded a turnover of €1.2million for 2004, with EBIT of 15%) specialise in business intelligence, CRM and enterprise Web portals. Their clients are primarily from the bank and insurance sector (which accounted for 70% of turnover in 2004), telecommunications and distribution. Nexhos has led consulting projects in the areas of database marketing, customer profitability, customer relationship management, key performance indicators and implementation of data warehouses.
The co-founders of Nexhos, Pierre Dauffenbach (44 years old, a graduate from a Belgian University and holder of an MBA from the Business School in Solvay) and Thierry Hock (38 years old, with a degree in Mathematics & Computer science from Leuwen University), have over 8 years experience in business intelligence from companies such as Bureau Van Dijk, IBM, Sybase and Valoris. Dauffenbach and Hock will manage the data warehouse projects in Business & Decision Belgium as well as the subsidiary Business & Decision Luxembourg.
The Nexhos acquisition was funded by cash by Business & Decision Benelux, a subsidiary of the Business & Decision Group, with an additional amount linked to performance in terms of sales turnover and profitability.
10% of Business & Decision Activity from Benelux
Established in the Benelux region since 2001 through a series of acquisitions, and with a team of 80 consultants working from offices in Brussels and Amsterdam, Business & Decision Benelux accounted for approximately 10% of group turnover during 2004. With the acquisition of Nexhos, the Business & Decision Group sees its position reinforced in Belgium and the Netherlands, whilst establishing a new presence in Luxembourg.
"The acquisition of Nexhos is part of the Group strategy for European development (activities outside of France represented 23% of Group turnover for 2004) and this will enable us to duplicate our model abroad" said Patrick Bensabat, Chairman of Business & Decision. "We are already a leader in integrating business intelligence technologies in France and we have an ambition to become the leader in Europe, as well as developing our positions within CRM and E-business."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
Investor contacts
Pauline Cieutat :
Communication manager
Investor Relations
Tel: +33 1 56 21 21 20
Fax: +33 1 56 21 21 22
