Jeeves Information Systems AB Acquires SolvAxis Merged Businesses Will Focus on Enterprise Software in Europe STOCKHOLM and SONCEBOZ, April 14, 2014—Jeeves Information Systems AB (Jeeves), a growing provider of ERP software solutions for small to midmarket manufacturing and distribution companies worldwide, today announced that it has acquired privately-held SolvAxis, supplier of one of the leading Swiss-made ERP solutions and provider of enterprise management software solutions. The details of the transaction were not disclosed. Headquartered in Stockholm, Jeeves is focused on becoming Europe’s premier provider of market-leading ERP software solutions. “SolvAxis is a frontrunner in the Swiss market, and fits well with Jeeves’ growing portfolio of ‘champion’ ERP product lines,” said Jeff Tognoni, CEO of Jeeves. “Whether it’s because of innovative technology, or feature depth for a niche industry or geography, an ERP champion is a software solution that demonstrates leadership and adoption. SolvAxis is no exception, backed by an extremely satisfied customer base and a talented team of product experts and industry professionals.” Together, SolvAxis and Jeeves create a larger, stronger organization that is singularly focused on delivering enterprise application software and services to companies in Europe and around the globe. Tognoni said he is looking forward to leveraging the combined assets of the two businesses. “Everything is strengthened,” he said, “from the breadth and depth of our industry and technology expertise to our international footprint. The combination of both companies immediately creates an extended distribution platform, whereby both SolvAxis and Jeeves have the opportunity to expand into new markets and geographies.” Tognoni emphasized that SolvAxis will continue to deliver Swiss-quality software solutions to the Swiss market under the leadership of a Swiss management team. “As part of Jeeves,” he said, “SolvAxis will be a stronger vendor, backed by a deeper pool of financial and corporate resources and a proven business model.” About ProConcept Founded in 1987 and headquartered in Sonceboz, ProConcept is the number-one Swiss provider of business software. ProConcept's modern ERP, accounting and payroll software solutions are for Swiss businesses that thrive on precision, from discrete- and project-based manufacturers dealing with the highest of quality standards, to SMEs meticulously managing their finance and administration responsibilities according to Swiss law. ProConcept ERP helps more than 15,000 users throughout Switzerland, France and Germany perform their daily tasks. Learn more at www.solvaxis.com. About Forterro Forterro is a group of companies that deliver ERP software to SMEs in specialized geographical or vertical markets. Headquartered in Austin, TX, and backed by global investment firm Battery Ventures, Forterro operates business units in Sweden, Switzerland, France and Poland, as well as regional office locations and research and development centers around the world. Through its ever-growing ecosystem of IP and capital, Forterro collaborates with local management teams to strengthen the solution offerings and operational performance of its portfolio companies. For more information, visit www.forterro.com.