euro adhoc: NorCom Information Technology AG / Mergers - Acquisitions - Takeovers / NorCom securing option on majority stake in MaxiMedia, a specialist in content management software for the media sector (E)

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- Entry into new business segment in the media industry

Munich, March 10, 2003 - NorCom Information Technology AG, Munich, is acquiring an option on a majority stake in MaxiMedia Technologies GmbH, also based in Munich, pursuant to the terms of a participation agreement.
After a product development period of two years and Maximedia’s preliminary success with media companies Kirch and Bertelsmann, NorCom will now be driving the company’s continued expansion. MaxiMedia has produced a product known as Mpower, a multichannel-enabled neutral editing system, which has already been successfully implemented with customers in the media industry. Mpower is a Java-based application which controls news and magazine editing processes efficiently, allowing journalists to publish editorial content via various channels such as Videotext or the Internet with minimum effort. The product of 40 person/years of development, Mpower is based on NorCom Global Security (NGS) as middleware and security platform.
MaxiMedia was established three years ago and is already operating profitably following the successful launch of Mpower in 2002*. The company has signed - respectively is in the process of signing -contracts for the deployment of Mpower with two major European entertainment and news broadcasters, one of which is located in Germany. NorCom’s commitment will broaden further business expansion of the start-up company MaxiMedia in all respects.

"Mpower is a modern and powerful system allowing editorial content to be managed and researched centrally and published via different channels. With the integration of NGS, it is additionally possible for individual editors to define precise access rules for specific information. In acquiring this option for a majority stake, NorCom is widening its footprint to encompass the media sector," explains Viggo Nordbakk, CEO of NorCom Information Technology AG.

* The figures are based on the preliminary findings of MaxiMedia's accountant.

Further inquiry note:
Christa Maurer
Corporate Communications
Tel.: ++49(0)89 93948-248
Tel: ++49(0)89 939 48 0
FAX: ++49(0)89 939 48 111

end of announcement euro adhoc

Emittent: NorCom Information Technology AG
Stefan-George-Ring 23
DE-81929 München
Tel: ++49(0)89 939 48 0
FAX: ++49(0)89 939 48 111
ISIN: DE0005250302
WKN: 525030
Börsen: regulated dealing Frankfurter Wertpapierbörse
Branche: Software
Sprache: Englisch