EQS Group AG (ISIN: DE0005494165) will increase its existing stake in ARIVA.DE AG to 67% at the beginning of the new financial year and will also conclude a mutual option agreement with the founders and shareholders to enable the company to be fully taken over.
ARIVA.DE AG is a leading provider of financial data and software solutions for financial institutions and operates the financial portal of the same name. EQS Group AG has been invested in the Kiel company since 2007 and took over the majority in July 2016.
Achim Weick, founder and CEO of EQS Group AG: "With the further increase in our share and the agreed option agreement, we're strengthening our objective of working together with the remaining founders and shareholders of ARIVA.DE AG with the goal of tapping in to attractive target client group of financial institutions. A full takeover is therefore not planned in the coming years. "
ARIVA.DE AG is experiencing a strong growth boom due to impending regulations in the financial industry (e.g. PRIIPS, MIFID II). For example Issuers of investment products that are subject to an investment risk are obliged to issue pre-contractual basic information sheets on the in accordance with the PRIIP regulation. The new regulation is being introduced throughout the EU and is expected to enter into force at the beginning of 2018.
Matthias Vogelsang-Weber, CEO and co-founder of ARIVA.DE AG: "Our software enables issuers in the financial sector to produce the documents to inform investors required by the legislature for packaged investment products in an automated manner. Together with EQS Group AG, we want to play an even more important role in the growth market for the creation of key information documents. "
ARIVA.DE AG is headquartered in Kiel and recently opened a sales office in Frankfurt. The company has almost 100 employees. The previous forecast for the 2016 financial year, revenues of at least EUR 5.6 million and an EBIT of around EUR 600,000, is likely to be exceeded. The purchase price for the shares is slightly below the purchase price of August 2007.
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About EQS Group
The EQS Group is a leading international technology provider for Digital Investor Relations. More than 8,000 companies worldwide trust EQS's products and services to securely, efficiently, and simultaneously fulfil complex national and international information obligations to the global investment community.
The heart of the technology is the COCKPIT, a Software as a Service (Saas), which digitally maps the work processes of IR managers, streamlining them for maximum efficiency. Special modules maintain IR websites contents (CMS), contact data (CRM) and insider data as well as access to global investor data and proprietary monitory and analytics functions. The COCKPIT platform is connected to the company website in order to guarantee integrated workflows.
The COCKPIT also provides access to one of the most important Financial Newswires, over which more than 20,000 financial and corporate releases are distributed annually. In Germany all DAX companies trust EQS Group's DGAP service as the main institution to comply with legal and regulatory submission and publication requirements.
As a digital single source provider, EQS Group also develops IR and corporate websites and apps, creates online financial and sustainability reports and performs corporate audio and video transmissions.
EQS Group was founded in Munich, Germany in 2000 and has developed from a start-up to an international group with offices in the world's key financial markets. The group furthermore holds the majority interest in ARIVA.DE AG and employs about 300 professionals.
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About ARIVA.DE AG
ARIVA.DE AG was founded in 2000 in Kiel. Its business model is based on three core areas: a proprietary finance portal, the development of software for the financial sector and the licensing and provision of securities master data, key figures and share prices.
The finance portal www.ariva.de has been operative online since 1998. With an average of 40 million page views and 350,000 unique users per month, ARIVA.DE AG is the second most-used independent financial portal, making it the largest German-language stock exchange community, according to IVW.
ARIVA.DE AG's software development business unit operates complete financial portals on behalf of its customers and develops software applications for financial web sites. ARIVA.DE AG also specialises in regulatory documents: the company has developed new, modular software which enables issuers in the financial sector to automatically generate documents for packaged investment products which will be required by law.
The company's comprehensive derivatives database is currently used by nearly 40 licensees.
ARIVA.DE AG currently has 97 employees.
2016-12-06 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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Company: EQS Group AG
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