Update updates Orgaplan

Vienna, Austria-headquartered CRM solutions provider Update Software AG has taken over 100 percent of German CRM specialist Orgaplan Software GmbH. The purchase price in the amount of €5.8 million will be paid on basis of a two-year earn-out model.

With approximately 200 customers, Orgaplan Software GmbH is said to be the leading provider of CRM solutions in the German banking and savings bank sector. The company’s customers include more than half of the savings banks and public-sector credit institutions in Germany and one-third of its large commercial and agricultural credit cooperatives. Orgaplan operates a branch in Hanover and employs about sixty.

Founded in 1988, Update software AG (lays claim to status as Europe’s leading provider of premium CRM solutions, with over 200 employees and revenue of €23.4 million in 2006. Among Update users are 3M, American Express Bank und Finanzmanagement, the Advertisements Department of the BILD newspaper group, AstraZeneca, BAWAG P.S.K., Canon, DuPont, ESTAG, Hassia Gruppe, HVB, Landesbank Rheinland-Pfalz International S.A., LBS Nord, LBS Ost, MagnaSteyr, Pernod Ricard, Sony Deutschland, Sparkasse Bremen and ratiopharm.