Idhasoft Establishes Takes Another Step in Ambitious European Expansion

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Acquisition of Dr. Lauterbach & Partner establishes Germany Headquarters facility

Idhasoft announced today that they have acquired Dr. Lauterbach & Partner, the leading IT solution company for the Print and Packaging industry.    Founded in 1992 and based in Zweibrücken, Germany, Dr. Lauterbach & Partner has implemented its solution, which is based on the SAP platform, for leading companies across the world. Its success is based on its focus and expertise in these markets and on its targeted investment in software development to become the only full IT solution for supporting end-to-end business processes in these industry segments.

"This acquisition represents our continuing focus of acquiring companies which are best-in-class. The manufacturing solutions of Dr. Lauterbach & Partner will complement our existing offerings and we will enable them to accelerate their growth through our offices in all regions of the world," said Alok Pathak, CEO of Idhasoft's global business. "The company is a great fit with our global strategy and delivery model, opening up our services and infrastructure to a new set of clients to whom we can offer comprehensive IT support around the clock and around the world."

"We will immediately be able to leverage Idhasoft's scale to help us accelerate the growth of our LP.Packaging and LP.Print solutions and give us local presence in many markets, said Ulrich Lauterbach, CEO of Dr. Lauterbach & Partner. "We already have many international customers and will now enhance our implementation services and operating support with Idhasoft, given its full SAP services as an SAP Gold Partner along with its complementary set of IT offerings in managed services, business intelligence, supply chain, data base support and specialty software applications."

"Dr. Lauterbach & Partner gives us a larger footprint in Europe, building on our expansion here last summer. Their offices in Germany are well-situated in the region and will now serve as our headquarters in Germany to provide a base for growing our investment in people and future acquisitions," said Rick Chavie, CEO of Idhasoft Europe. "We are pleased that our business model is seen as a high growth engine for companies looking to expand across Europe and globally."

About Idhasoft:
Idhasoft is the fastest growing private company in India. The company has its headquarters in Mumbai, India for global operations, in Zug, Switzerland for Europe, and in Atlanta, Georgia for the Americas.. It provides end-to-end solutions to small, medium and large companies, across consumer products, life sciences, retail, manufacturing, high tech, supply chain and distribution verticals. Idhasoft's goal is to be among the top 50 information technology companies by December 2010. For more information, visit http://www.idhasoft.com.

Dr. Lauterbach & Partner is a midsize software and consulting company. Since 1992, they have successfully implemented leading ERP systems for the printing and packaging industry. Their customers are midsize companies as well as global players. Lauterbach has created a predefined industry solution for printing and packaging industry based on world leading SAP ERP system. For more information, visit http://www.dr-lauterbach.de/en

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Guido Anterist
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