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September 15, 1998

iXOS TO LIST ON NASDAQ AND FRANKFURT NEUR MARKETS

By CBR Staff Writer

iXOS Software AG, the Munich-based document management software house and SAP consultants, has applied for a simultaneous listing on the Neuer Markt trading sector of the Frankfurt stock exchange and the Nasdaq National Market. iXOS has filed a registration document with the US Securities and Exchange Commission for an initial public offering of around $60m, and appointed Goldman Sachs & Co as its underwriter. Goldman Sachs itself has an 18% stake in the company, while founders and employees own around 60% (CI No 3,302). iXOS, founded ten years ago by Siemens AG executives Hans Strack-Zimmermann and Eberhard Farber, now has 500 employees worldwide. It says it plans to increase its penetration of the R/3 customer base by expanding sales, support, service and marketing worldwide. More details will follow on from a press conference in Munich on September 21.

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