incadea Takes an Investor on Board
23.7.08
Increase of capital stock enables investments: next generation of the Dealer Management System incadea.engine® planned
WALS-SIEZENHEIM, AUSTRIA - JULY 23, 2008
The Austrian software company incadea takes on board a new investor: as of July 22nd, 2008 the incadea GmbH is part of a holding of which the present owners, Peter Wenger and Heinz Strohbichler, will hold a blocking minority of 25 percent plus one share. The Greek Vardinogiannis Group in turn holds 75 percent minus one share of the incadea Holding.
incadea is specialized in developing software for the automotive industry. Its Dealer Management System (DMS) incadea.engine is used by more than 1.500 customers in 35 countries. More than 33.000 users work with it. The DMS is recommended by leading OEMs as BMW, General Motors and VW/Audi for their international businesses. incadea makes use of an indirect sales model via national and regional partner channels. This business model will remain unchanged even after giving interest in the company to Vardinogiannis.
Consistency is to be kept
"Not only the blocking minority guarantees continuous development", says Peter Wenger, Managing Director. "The Vardinogiannis Group will not get involved in the incadea business operations. They also confirmed the incadea locations in Wals-Siezenheim near Salzburg (headquarters), in Raubling near Rosenheim (Research & Development Center) and in Madrid (Sales & Services)", says Wenger.
Peter Wenger is highly pleased with the future prospects: "After the successful restructuring phase of incadea one year ago and the best fiscal year in the entire history of incadea, we have now made the next move to sustainably secure incadea." This includes an increase of the nominal capital from the previous EUR 35.000 to EUR 14 million. The positions of both, Peter Wenger as CEO and Heinz Strohbichler as CFO, are confirmed by long-term management contracts. A chief operating officer will further strengthen the incadea Management Team as of October 1st, 2008.
New software generation planned
"Given the financial boost we are able to master any upcoming challenges of a dynamic market and set new standards for our product as well as the services involved", says Wenger. "It is time to start working on the new generation of the incadea.engine."
Wenger additionally plans an essential extension of the existing product portfolio.
The investor, the Vardinogiannis Group, has already a close relationship to incadea: as exclusive importer of Ferrari in Greece as software user and also by holding the majority of shares of Real Consulting, the Greek incadea sales partner. Vardinogiannis is one of the leading groups of companies in Greece. The core competences of this family business are refineries, shipping companies and the banking business. "Investing in incadea we have made a great move into our IT future", says Nikos Vardinogiannis responsible for the IT business sector of the Vardinogiannis Group.
Pressemitteilung: Deutsche Version (64k) >
Media Contact
Peter Wenger
incadea GmbH
Franz-Brötzner-Strasse 11
5071 Wals-Salzburg / Austria
