STOCKHOLM, Sweden, Sept. 14, 2005 (PRIMEZONE) -- Intentia International AB (XSSE: INT B) today provided an update on the pending merger with Lawson Software, Inc. (Nasdaq: LWSN) announced on June 2, 2005. Bertrand Sciard, the president and CEO of Intentia, stated, "The two critical parts of the overall merger process are, first, the integration planning and, second, the regulatory filing and audit process. The integration planning is ahead of schedule. Both Harry Debes, the CEO of Lawson, and I have full confidence that we will be prepared to operate as a single company the day the merger is completed.
"The regulatory filing and audit process is still ongoing. The conversion of three years of Intentia's financial statements from Swedish accounting standards to U.S. GAAP in order for Lawson to complete its U.S. S-4 registration statement has been complex. The conversion is being completed as rapidly as possible. The Swedish prospectus for Intentia shareholders will be distributed once the S-4 becomes final."
Lawson Software yesterday stated that it expects to file its S-4 registration statement when this conversion and audit process is complete, with a target closing of the merger by December 31, subject to SEC review. In addition to the SEK 20.5 million in merger-related costs identified in Intentia's Q2 2005 interim report, SEK 28.4 million in merger-related costs were incurred in July and August.
Sciard concluded, "I am enthusiastic about the plans for the new company, and that the target for closing the merger remains on the original schedule."
About Intentia
Intentia is the only global enterprise solutions provider 100% dedicated to bringing software applications and consulting services to companies whose core processes involve manufacturing, distribution and maintenance-what we call the "make, move and maintain" market.
- 100% of our resources are committed to this market. - 100% of our software is designed for this market. - 100% of our experience is in serving this market.
Intentia customers are typically medium to large organizations that operate in complex supply chains with tough competition and limited internal resources. They require the reliability, experience and security of a substantial supplier with the flexibility and specialist knowledge of their industries and processes.
Intentia solutions are built from the ground up with the specific needs of these customers in mind, and the ability to grow and change easily with their businesses. They simplify complex processes, anticipate customer demands and deliver added value in both the short and long term-making them the intelligent choice.
Intentia was founded in 1984 and serves over 3,000 customer sites in some 40 countries around the world. Our business solutions currently comprise enterprise management, supplier relationship management, customer relationship management, supply chain management, value chain collaboration, enterprise performance management and workplace management.
Intentia is a public company traded on the Stockholm Stock Exchange (XSSE) under the symbol INT B. Visit Intentia's Web site at www.intentia.com
Intentia
The Intelligent Choice