HUNTSVILLE, Ala., Nov. 14, 2005 – Intergraph Corporation (NASDAQ: INGR), a leading global provider of spatial information management (SIM) software, today announced that it has acquired POPPENHÄGER GRIPS GMBH, a software company based in Neunkirchen/Saarland, Germany. Poppenhäger Grips (www.grips.de) provides geospatial analysis software and services to municipalities and utility companies and has approximately 170 customers in Germany, Austria and Switzerland. Terms of the transaction were not disclosed.
“The Poppenhäger Grips transaction advances our mission to provide differentiated Spatial Information Management software to our customers and target markets around the world,” said R. Halsey Wise, Intergraph President and CEO. “We believe this acquisition is an effective use of our capital as it provides complementary technology in our utility target market and helps to strengthen our position in an important European market. Intergraph is committed to serving and growing our European presence in our core markets.”
Poppenhäger Grips was founded in 1970 and has a 35-year history of delivering innovative technology solutions to customers in Europe’s German speaking countries. The combined organization will continue to market, develop and support the Poppenhäger Grips portfolio of software applications, including GRIPS, GRIPSinfo and GRIPSmedia. The GRIPS family of products supports the creation and management of distribution facility data and the network operations for municipalities and utility companies in Germany, Austria and Switzerland.
“The Poppenhäger Grips acquisition is the outcome of a successful partnership between our two companies since 2002,” said Ben Eazzetta, Chief Operating Officer of Intergraph’s Security, Government & Infrastructure Division. “The Poppenhäger Grips customer base can benefit from our global product development efforts while gaining access to the full capabilities of Intergraph. Together, Intergraph and Poppenhäger Grips will more effectively deliver software solutions to address the complex and specific needs of new and existing customers and end markets in Europe and around the world.”
Intergraph Corporation (NASDAQ: INGR) is the leading global provider of spatial information management (SIM) software. Security organizations, businesses and governments in more than 60 countries rely on the company's spatial technology and services to make better and faster operational decisions. Intergraph's customers organize vast amounts of complex data into understandable visual representations, creating intelligent maps, managing assets, building and operating better plants and ships, and protecting critical infrastructure and millions of people around the world. For more information, visit www.intergraph.com.
About Poppenhäger Grips
POPPENHÄGER GRIPS GMBH (www.grips.de) is a leading German provider of geospatial analysis software and services to municipalities and utility companies. Poppenhäger Grips portfolio of software applications includes GRIPS, GRIPSinfo and GRIPSmedia that support the creation and management of distribution facility data and the network operations of approximately 170 customers in Germany, Austria and Switzerland. Poppenhäger Grips was founded in 1970 and is based in Neunkirchen/Saarland, Germany.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements (all statements other than those made solely with respect to historical fact) within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to known and unknown risks and uncertainties (some of which are beyond the Company's control) that could cause actual results to differ materially from those anticipated in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, potential adverse outcomes in our efforts to improve our operating performance (including uncertainties with respect to the timing and magnitude of any expected improvements); potential adverse outcomes or consequences associated with the Company's organizational realignment; potential obsolescence of the Company’s intellectual property, exhaustion of the Company’s intellectual property rights, and changes in the market value of licensed products; expected costs to settle the Company’s Accelerated Stock Buyback; potential adverse effects from our efforts to protect our intellectual property, or other potential litigation or patent enforcement efforts; the ability, timing, and costs (including the calculation of success and other fees) to enforce and protect the Company's intellectual property rights; material changes with respect to our business, litigation, or the securities markets (including the market for Intergraph common stock and any adjustments relating to the Accelerated Stock Buyback); risks associated with doing business internationally (including foreign currency fluctuations and export controls); worldwide political and economic conditions and changes; increased competition; rapid technological change; unanticipated changes in customer requirements; ability to attract or retain key personnel; the ability to access or deliver the technology necessary to compete in the markets served; risks associated with various ongoing litigation proceedings; and other risks detailed in our press releases or in our annual, quarterly, or other filings with the Securities and Exchange Commission. The Company undertakes no obligation to make any revision to any forward-looking statement or to update any such statement to reflect events or circumstances occurring after the date thereof.
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