| [30/04/2001] |
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| World Banks International Finance Corporation invests in the Sigma Group |
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| caatoosee streamlines international corporate structure and appoints new board members |
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| The International Finance Corporation IFC (Washington), the private investment division of the World Bank, is assuming a share in the caatoosee-daughter Sigma (Jakarta). |
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The IFC acquires 7% of the leading IT and ASP solution provider in Southeast Asia as part of a capital increase. Once the transaction has been concluded, will still hold 51% of the Sigma Group according to the agreement, which was signed on April 27th in Jakarta.
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"The participation of the IFC in Sigma is so far the only IT investment of the World Bank within Southeast Asia und the first stake in an Indonesian company after 4 years. This is a fact we are really proud of since it underlines the convincing work and the strategic position of our corporation. Together with caatoosee and the World Bank we can accelerate our further international growth", emphasized Toto Sugiri, Chairman and founder of the Sigma Group.
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IFC is the largest institution worldwide for debt and equity financing of private business in developing countries. Since its founding in 1956, the IFC has provided about 44.6 billion USD for more than 2,260 companies in 132 countries. "Especially with our entry into the Asian market, World Bank is a valuable partner for . With its countless business connections the institution will be a support in particular for the establishment of new networks", said Guido Alt, CEO of .
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| caatoosee accelerates the integration of the Group's companies |
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| Subsequent to its majority takeover of the Sigma Group in February of 2001, is pushing forward the integration of all companies within the caatoosee Group. The focus is clearly set on the optimal linking of all development and sales resources in any European and Asian location. "Today we are responsible for more then 200 customers and about 900 employees. Our dynamic growth clearly stands at a three digit percentage rate. Concentrating on a decentralized network organisation, demands a strong competence in integration", described Guido Alt. "Therefore our goal is to consequently use the synergy potential within the Group and to further develop organisational structures at an even higher efficiency." |
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Together with the Swiss redtoo ag and the Southeast Asian based Sigma Group, caatoosee Group suits every need within the information logistic market. "caatoosee solutions optimise value creation within companies. This spans from the world of ERP systems to content services for any type of media. We are qualifying information. In doing so, we take into account any sort of information ranging from basic data to complete newspaper articles. After the aggregation process the profiled information is accessible both via computers and mobile devices like cell phones or CarPCs", describes Toto Sugiri.
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In order to anchor the modified Group structures and related areas of responsibility firmly in the management, several positions on caatoosee Board of Management are altered. Simultaneously, the Board is reduced permanently from five to four executives. By trimming the Group's management, honours the fact that responsibilities can be transferred to the Group subsidiaries Sigma and redtoo.
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| caatoosee appoints founders of redtoo and sigma to its Board of Management |
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| Toto Sugiri will assume the responsibility for managing the Groups global development resources with approximately 600 developers as well as the integration of the Sigma Group into caatoosee. With effect from May 1, 2001 he will move into the Management Board as Chief Technology Officer. Sugiri founded Sigma in 1988 and led the Group successfully to its role as the largest provider of IT and ASP solutions within Southeast Asia. "My main goal is the integration of all existing solutions into caatoosee's fast2find® platform where our current progress lies above forecasts." Hans-Dieter Hahn, the former Board member for development, will concentrate his efforts on leading the subsidiary Pandora Neue Medien GmbH as a director. |
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Effective June 1, 2001, Martin Seith will be newly appointed to the Management Board. Mr. Seith joined the Group as the director of Tectum GmbH, an acquisition of caatoosee in October, 2000, and will take responsibility as CFO for , heading the departments of Finance and Operations. The current CFO, Christoph Bartmer, will leave caatoosee as planned after having completed the annual report for 2000/2001. "With Christoph Bartmer we were agreeing on a limited period from the beginning since he planned to pursue a career in a different business environment. His main projects have been the company's initial public offering and the establishment of the structuring of the Finance and Controlling division. We owe him an extraordinary gratitude for his valuable contribution", says Hans-Ulrich Dörr, Vice-Chairman of the Supervisory Board of .
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Bernd Reichert-Berg, currently responsible for the Sales and Marketing department, will leave the Group. Regarding single projects he will further assist the corporation. The position is not to be assumed again since his former tasks will be coordinated directly by CEO Guido Alt in the future. The adjusted Board will consist of experienced entrepreneurs and founders. "We are aiming to provide the international market with a well integrated product and service portfolio. Especially larger clients demand the whole range of solutions from one hand", emphasized Guido Alt. "Therefore I do not only regard myself as the Group's center, but also as the main integrator. Being the first networking specialist of the corporation I have the advantage of knowing the whole company by heart."
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Effective June 1, 2001 the Management Board of will consist of Guido Alt (CEO), Jan Tenné (Business Development), Toto Sugiri (CTO) and Martin Seith (CFO). The Management Board of the Swiss based caatoosee subsidiary redtoo ag is headed by Philipp Oser (CEO), Martin Seith (CFO) and Frank Marcial (CSO). The Sigma Group is represented by the Board of Commissioners with Toto Sugiri (Chairman), Han Honifia (Commissioner), Benny Gunawan (Commissioner) and the Board of Directors with Djarot Subiantoro, Marina Budiman and J.C. Gani.
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