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Trifork Acquires Interest in Erlang Solutions
GlobeNewswire
2011-06-10

    Trifork A/S Today Signed a Term Sheet With UK-Based Erlang
    Solutions Limited to Take a Controlling Interest in Erlang
               Solutions for Cash and Trifork Shares

ARHUS, Denmark, June 10, 2011 (GLOBE NEWSWIRE) -- Erlang Solutions is
the only company providing global support for Erlang/OTP, an open
source technology from Ericsson AB. Erlang/OTP is a key foundation
technology for many companies including: Basho, VMware, Ericsson,
Facebook, Nokia, Motorola, Amazon.com, and the Swedish bank Klarna.
Erlang Solutions has several interesting products in the pipeline, and
made a total 2010-revenue of DKKm 24 and an EBIT-result a little over
DKKm 3. The company now has over 50 employees in UK, Sweden and Poland.

With the partnership Trifork and Erlang Solutions will both expand
their international footprint, and leverage synergies in delivering
global products and services, and the companies will be jointly
represented in Aarhus, Copenhagen, Zürich, London, Stockholm and
Krakow.

Through the acquisition Trifork and Erlang Solutions will be able to
deliver end to end solutions in telecommunications, messaging, payment
systems and process control.

Summary


  --  When completed, the transaction is expected to have the following effect
      on Trifork's financial performance in 2011:





  --  Trifork expect the revenue for the Fiscal year 2011 to increase from
      DKKm 170 to DKKm 180.
  --  Trifork will acquire fifty percent of the shares in Erlang Solutions,
      which will continue to trade as an independent business.





  --  Trifork will acquire fifty percent of the shares in Erlang Solutions,
      which will continue to trade as an independent business.




"We will jointly pursue new market opportunities across the board,"
said Joern Larsen, CEO, Trifork A/S. "Building on our recent
acquisitions, including Basho Technologies, Trifork is expanding its
presence in Europe and the US. Erlang Solutions is the market leader in
Erlang and the opportunity to cross-sell our training and conference
offerings has phenomenal potential. Trifork will continue to grow as a
family of companies keeping their uniqueness to the market intact
because smaller companies are agile and as a family we will be greater
than the sum of the parts."

"Trifork has a strong track record in delivering end to end solutions
using best of breed technology and processes," said Stuart Whitfield,
CEO Erlang Solutions. "Erlang Solutions will complement this by
capitalizing on its expertise in Erlang to deliver highly scalable,
reliable and distributed systems."

Regards,

The board of directors for Trifork A/S

About Erlang Solutions Ltd

Erlang Solutions specialises in supporting businesses with the
creation, integration, delivery and lifetime support of products and
services based on the Erlang programming language (a programming
language that is very strong in handling concurrency and performance in
large scale solutions). The company have customers from small
developers to several Fortune 500 corporations. For further information
please visit www.erlang-solutions.com.

Trifork CEO Jorn Larsen, +45 4072 8483

Attachments:



Telephone Systems