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[04/09/2001]
caatoosee intensifies cost reduction process via management buyout

Following a successful management buyout (MBO), 's Croatian development subsidiary is now being run by the local management team. The new shareholders acquired all of the shares in caatoosee d.o.o. The main rationale behind the MBO is to achieve greater flexibility when it comes to placing orders and controlling sales activities. In future, will look upon the resources within the Zagreb-based company as external reserves to be used flexibly. From now on, the Croatian company will operate independently within the marketplace, prospecting for new orders.

In line with the group's restructuring measures and the "focus" cost-reduction programme, development-related orders will in future be placed with the development companies on the basis of a supplier's contract. Against the background of a strained situation within the IT markets and the overall malaise of the global economy, the company will be able to generate long-term savings. The caatoosee Group will also be able to react more flexibly to fluctuations in demand. The successful integration of the sub-groups Sigma and redtoo will allow caatoosee to optimise its development resources in Europe and Asia with the purpose of utilizing long-term sales and development synergies. The group's profitability will thus be strengthened by a considerable margin.

 
 
 

         
 
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