READING, England, Feb. 12 /Xinhua-PRNewswire/ -- Atex ( http://www.atex.com ), the world's leading developer of software solutions for the media industry, has today announced that it has acquired Mactive.
Mactive, with 108 employees, provides software development, sales and support for the newspaper and magazine publishing industry from offices in Melbourne, Florida; Irvine, California; Helsingborg, Sweden and Oslo, Norway.
In 2006 around 70 percent of Mactive's more than $30 million US dollars revenue was derived from the US. The remainder originated from Scandinavia, with contributions also from Belgium, Germany, Austria and Switzerland. Expected revenue and EBITDA for the year ending December 2006 is $24.5m and $6.1m respectively.
The enlarged Atex, which late last year announced its agreement to acquire the business assets of Unisys Media, a part of Unisys Corporation (NYSE: UIS), will employ around 600 people, serve more than 800 leading print and online publishing organizations in around 40 countries, and enjoy global revenues in excess of $120 million US dollars.
John Hawkins, Atex Group CEO commented: "Whilst the publishing industry is undergoing dramatic consolidation it makes sense that vendors serving the industry follow a similar course. We have the desire, financial backing, management team, and vision to continue our strategy of consolidation."
Mactive is the developer of AdBase, an integrated advertising system for planning, advertisement input, rating, production, page layout and accounts receivable for the newspaper and magazine publishing industry.
Atex Group Limited is backed by the Norwegian Investment Company Kistefos AS.
For background information, and photos, please visit: http://www.atex.com/media .
About Atex:
Atex, with a 30-year history of continuous innovation and commitment to quality, has more than $500 million USD worth of software installed worldwide. In addition to its significant investment in R&D, Atex partners with world-leading complementary solutions providers, including IBM Business Consulting Services, to enhance integration and Web services development.
Headquartered in Reading, UK, Atex delivers professional, long-term support through a global network of strategically located regional offices, and may be found on the Web at: http://www.atex.com .
