Exact Group B.V. has sold its 70% participation in Informatica y Gestion based in Colombia to its co-shareholder.
Informatica is the SME market leader in Colombia with its ERP product Siigo. Informatica will continue as reseller of Exact Software products in Colombia, Peru and Ecuador.
Exact acquired 70% of the Informatica shares in 1998. Informatica has been managed as a separate business over the past few years and did not lead to much cross synergies.
After Exact initiated a program recently to focus on targeted solutions to customers and prospects, the Siigo product was considered to be an insufficient match. This led to the decision to sell Exact’s participation to its co-shareholder.
The total revenue of Informatica in 2009 amounted to € 8.0 million.
Exact is an information technology company that offers business software solutions across the world in over 125 countries.