Reorganizing the structure of the Innofactor group

21.04.2011 00:00

Innofactor Plc Stock Exchange Release April 21, 2011, at 17.30 Finnish time

A number of companies of the Innofactor group today made a decision on reorganization in which all the business operations of the current Innofactor Software Oy, Innofactor Visual Management Oy and Innofactor Customer Solutions Oy will be transferred to Innofactor Documenta Oy on May 1, 2011. Innofactor Documenta Oy also agreed on changing its name to Innofactor Software Oy. After the reorganization, the business operations of the Innofactor group are centralized into one company, Innofactor Software Oy (current Innofactor Documenta Oy).

The purpose of the reorganization is to change the company structure of the Innofactor group to better suit the group's strategy and operative functions. Another aim of the reorganization is to save costs in general management, financial management and auditing. The Innofactor group's goal is to try to maintain a company structure in which there is the parent company and, under it in each country, only one company with business operations.

In acquisitions, all employees are transferred to the new companies as old employees and the arrangement will have no negative impacts related to the employees or customer relationships.

In connection with the reorganization, the name of the current Innofactor Software Oy will change to Innofactor SW Oy, Innofactor Visual Management Oy to Innofactor VM Oy, and Innofactor Customer Solutions Oy to Innofactor CS Oy. The old names may be used as Innofactor Software Oy's parallel trade names, if necessary.

After the reorganization, the Innofactor group will consist of the parent company Innofactor Plc, which only has one subsidiary that has business operations, Innofactor Software Oy (current Innofactor Documenta Oy). The group's other companies, which have no business operations – Innofactor SW Oy, Innofactor VM Oy, Innofactor CS Oy, Venenum Oy, and Oy Soloplus Ab – are planned to be possibly dissolved later.

INNOFACTOR PLC

Board of Directors

Additional information:

Sami Ensio
CEO
Innofactor Plc
Tel. +358 (0) 50 584 2029
sami.ensio@innofactor.com

Distribution:

NASDAQ OMX Helsinki
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