ECONOMA PRESS RELEASE 22 MARCH 2005  08.00

Economa acquires Axapta consultant UpperCase

Economa is to acquire UpperCase in order to reinforce its activities concerning the business system Axapta from Microsoft Business Solutions. Economa, which is part of TietoEnator, is one of Scandinavia’s leading suppliers of business systems and decision support systems. The acquisition will involve all 7 employees being taken on by Economa.

UpperCase have some of the most experienced Axapta consultants in Sweden. They have participated in many major Axapta projects in Sweden, and have also been involved in training other Axapta distributors. This will enable Economa to strengthen its position as one of Scandinavia’s leading suppliers of business systems and decision support solutions.

“The acquisition of UpperCase is part of our strategy to become one of the leading Axapta distributors in Sweden. This means that we now combine the sharpest Axapta competence in Sweden with our long-term experience within the business systems sector. This is important, as we are seeing an increasing demand for Axapta, which requires a stronger delivery organisation,” says Percy Carlsbrand, Vice President of Economa Sweden.

Economa makes customised business system solutions to order based on a standard system. This increases the customer’s competitiveness more than would be the case with standard installations. Axapta has been developed in a way that makes it easy to adapt whatever the customer’s situation. The acquisition of UpperCase will now provide Economa with even greater potential for winning deals where the customer has definite requirements for a customised solution.

“It’s great to know we are becoming part of Economa. It means we will be able to implement large customer projects on our own, which wasn’t possible before. To manage this you need a large and strong organisation that can provide long-term security for the customer. Economa absolutely stands for long-term thinking and reliability, which is vital for such an important investment as a business system,” says Bo Sandström, CEO of UpperCase.

Economa is one of the leading suppliers of finance and business system solutions in Scandinavia. The company’s business concept is to use its expertise and modern IT solutions to help its customers streamline their financial and business processes.
Economa, which is a part of Personec Group co-owned by TietoEnator and Nordic Capital, has over 300 experts in Sweden and Finland, as well as around 4,000 customers in both the public and private sector.
www.economa.se

For further information:
Thomas Fäldt Senior Vice President Economa. Tel +46 (0)8-749 80 53, +46 (0)70- 833 55 42, thomas.faldt@economa.se or
Percy Carlsbrand, Vice President Economa Sweden. Tel +46 (0)8-749 82 12, +46 (0)70- 549 82 12, percy.carlsbrand@economa.se or
Bo Sandström, CEO UpperCase, Tel +46 (0)8-514 90 00, +46 (0)708-21 85 43, bo.sandstrom@uppercase.se

Economa