Mamut ASA signs final agreement to acquire "KlubbenOnline"

Internet Business News,  May 27, 2008  

• E-mail
• Print
• Link

INTERNET BUSINESS NEWS-(C)1995-2008 M2 COMMUNICATIONS LTD

Norwegian business software provider Mamut ASA (OSE:MAMUT) said on Wednesday (27 May) that it has signed a final agreement regarding acquisition of "KlubbenOnline" including "Medlemsservice" from EDDA Digital.

The agreement comprises of acquisition and further development of community solutions for Norwegian sports associations and clubs, including software, web site and publishing solutions.

In addition, Mamut has entered into a co-operation with the Norwegian Confederation of Sports (NIF) in which NIF considers Mamut as the main provider of e-solutions to Norwegian sports associations.

The agreement is valid until 2012 and includes joint development of additional e-services for associations, the company said.

The purchase price for the business unit is NOK7m.

"KlubbenOnline" is an online hub that provides web pages with integrated publishing solutions and tools for managing sports associations and communicate with members.

"Medlemsservice" is a web based member service concept that offers administration of membership registrations and membership invoicing.

((Comments on this story may be sent to info@m2.com))

COPYRIGHT 2008 M2 Communications Ltd.
COPYRIGHT 2008 Gale, Cengage Learning