11.11.2005
Mount10 acquires NovaStor

The management of Mount10 Holding AG and NovaStor Corp. (Backup Software Manufacturer, USA/California) have arranged, with the agreement of the board of directors of the enterprises that the business activities of both enterprises be brought together in Mount10.

On the 10th of November 2005 the shareholders of NovaStor Corp. consented to the fusion of both enterprises. The Shareholders Meeting of Mount10 Holding AG takes place on the 7th of December 2005 and will determine the necessary capital increase. The enterprise value relationship between Mount10 Holding AG and NovaStor Corp.lies by ca. 76% for Mount10 and ca. 24% for NovaStor. It has been agreed to take over the shares of NovaStor Corp. in a shares/cash transaction.

With the acquisition of NovaStor Mount10 is sustainably expanding the software business of the Group, and particularly their standing in the market segment of mobile data backup and for small and medium sized companies will be significantly strengthened with a wider product range. The expansion of direct market access into the USA as well as using the Internet as sales channels were, amongst others, decisive factors for the transaction. NovaStor achieved ca. 80% of its revenue in the USA. The company name NovaStor (www.novastor.com) will continue to exist. This merger leads to an effective improvement in the future prospects of both enterprises and to a significant enhancement of the corporate values of the combined companies. NovaStor achieved in the business year 2004/05 up to 30th June 2005 a revenue of ca. EUR 3.6 million with a positive net income. Further details about the transaction will be disclosed in the setting of the German Equity Forum in Frankfurt on 23rd November 2005.