TIDMARTA

RNS Number : 8591O

Artilium PLC

02 June 2015

Artilium plc

("Artilium" or the "Company")

Artilium strengthens its product offering with the acquisition of SpeakUp Belgium bvba ("SpeakUp")

Artilium plc (LSE/AIM: ARTA), the AIM quoted provider of innovative telecommunication software and solutions, is pleased to announce the acquisition, through its subsidiary United Telecom NV ("United Telecom"), of the entire issued share capital of SpeakUp, a Belgian voice over internet protocol ("VoIP") telecom operator (the "Acquisition"). Total consideration for the Acquisition is GBP233,600 and is being satisfied as to GBP28,600 in cash, funded from the Company's existing cash resources, and 3,416,666 ordinary shares of 5 pence each at a price of 6 pence per share (the "Consideration Shares").

SpeakUp is a VoIP telecom operator with a rapidly growing B2B customer base. VoIP allows you to make free, or very low cost, telephone calls over an IP data network (or internet) and is growing strongly in the business market. The VoIP services offered by SpeakUp allow customers to conduct very low cost phone calls and offer a high level of flexibility to businesses through its integrated cloud telephony (hosted PBX) solutions. SpeakUp is also a Microsoft LYNC (now Skype for Business) certified trunk supplier which is an attractive additional service to Microsoft users. In addition, SpeakUp has a strong offering in fixed-mobile converged PBX services.

SpeakUp is known for its high quality services and stable and endurable infrastructure. In 2013 they won the Telecom Inspirience award as the Best Telecom Unified Communication Project Solution in Belgium.

The Acquisition of SpeakUp will provide the Company with a competitive offering in a strong and growing segment of the market. SpeakUp offers an attractive range of products and will give the Company access to a market that has the potential to be expanded internationally. In addition, the Acquisition will enable the Company to add fixed-mobile PBX functionality which is relevant to MVNO's (Mobile Virtual Network Operators) and is expected to create new opportunities for its current and future customers. The Acquisition will also provide United Telecom with a larger customer base which, in turn, will enable it to upsell its current products.

In the year ended 31 December 2014 SpeakUp generated unaudited revenues of EUR200,332, operating profit of EUR13,616 and had net assets of EUR20,588 as at that date.

Application has been made for the 3,416,666 new ordinary shares in the Company to be admitted to trading on AIM and admission is expected to take place on 5 June 2015. The new ordinary shares will rank pari passu with the existing ordinary shares of the Company.

Following admission the total number of issued Ordinary Shares in the Company will be 233,616,561 Ordinary Shares. This figure may be used by shareholders of the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to the interest in, the Company under the FSA's Disclosure and Transparency Rules.

Bart Weijermars, Chief Executive Officer of Artilium said:

"With the acquisition of SpeakUp we are combining next-generation technology with proven telecommunication solutions to create exciting new products and services in the strongly growing Business market. In this market Fixed-Mobile integration and VoIP are key. These newly acquired capabilities will support our ambition to empower telecom operators around the globe."

For further information please contact:

 
 Artilium PLC:                       +32 (0)50230300 
 Bart Weijermars - Chief 
  Executive Officer 
 
 finnCap Ltd 
  Stuart Andrews/Scott Mathieson 
  Joanna Weaving (corporate 
  broking)                           +44 20 7220 0500

About Artilium

Artilium is a demonstrated leader in the development of next generation communication technologies. Artilium's strategy focuses on supporting its customers to successfully grow their business by providing flexible, cost effective and innovative solutions.

Artilium's innovation-driven strategy empowers telecom operators around the globe to face the tremendous challenges ahead. We combine next-generation technology with traditional telecom environments to create exciting new business opportunities for our customers. This ensures that our customers are able to keep up with rapidly evolving market demands while simultaneously growing their businesses.

ARTA(R) is the real-time Authentication, Authorization and Accounting (AAA) software that brings a full suite of new functionalities to telecom Operators and virtual Operators. Thanks to ARTA(R) value-added services portfolio, including for instance AAA of voice, text and data services, VoIP, 3G and 4G compliance, mobile payments and location-based services, our partners are more than ready to meet future customer needs.

Today, multiple renowned national and international telecommunication companies rely on Artilium to deliver voice, text and data services to about 1.5 Million end users every day.

Artilium's "Pay-As-You-Grow" model allows us to scale our solutions to the exact needs of our customers. As a latest innovation, Artilium offers its product suite from the Cloud as a PAAS (Platform As A Service), yielding ARTA's scalability, flexibility and proven stability.

Artilium PLC is a publicly listed software company on the London Stock Exchange (LSE/AIM: ARTA).

This information is provided by RNS

The company news service from the London Stock Exchange

END

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