| Mamut with record high revenues and best ever result |  | (Oslo, 24 April 2008) Mamut ASA continues its growth and reached operating revenues of MNOK 128.1 and EBIT of MNOK 9.6 in 1Q08. This represents the best ever results for the company. Today, the company also announced an agreement to acquire MYOB Business Division in the UK from MYOB Limited (ASX: MYO) for a cash payment of £1.7 million. MYOB is among the five best known providers of business software solutions to UK small businesses. |
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| Mamut acquires MYOB UK Business Division |
| (Oslo, 24 April 2008) The company today announces an agreement to acquire MYOB Business Division in the UK from MYOB Limited (ASX: MYO) for a cash payment of £1.7 million. MYOB is today among the five best known providers of business software solutions to UK small businesses. |
| Mamut with record high revenues |
| (Oslo, 21 February 2008) Mamut reached operating revenues of MNOK 445.1 in 2007 with EBITDA result of MNOK 63.5 and EBIT result of MNOK 15.1, including write-off of bad debt of MNOK 14.2. The company increased its revenues with MNOK 41.1 and improves its EBIT with MNOK 29.3 in 2007, compared with pro forma 2006. Mamut is currently negotiating with several companies in Western Europe regarding acquisitions and strategic partnerships. |
| Mamut and Forbes sign agreement |
| London, 10 January, 2008– Mamut has signed an agreement with UK firm Forbes Computer Systems Ltd. To deliver some of the most technically advanced tax and reporting tools to small and medium sized business community. The agreement is an important element in Mamut’s ambition to offer a complete “One Stop Shop” experience to the small and medium sized business community. |
| Mamut and Duncan & Toplis sign agreement in the UK |
| London, 02 January, 2008 – Mamut has signed an agreement with Duncan & Toplis, a leading independent firm of UK Chartered Accountants and business advisers |
| Mamut – Potential acquisitions |
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| Victory on all counts for Active 24 in the dispute with 24SevenOffice |
| The dispute between Mamut ASA’s (Mamut) wholly owned subsidiary, Active 24 AS (Active 24), and 24SevenOffice AS (24SevenOffice) has now been tried by the court of first instance. 24SevenOffice has lost on all counts. 24SevenOffice is ordered to cover all of Active 24’s legal costs and pay damages for the loss suffered by Active 24 in connection with the case |
| Mamut launches Mamut Business Platform |
| (Oslo, November 27 2007) Today Mamut announces the launch of Mamut Business Platform and introduces Mamut One as the company’s primary offering to its more than 300,000 European customers. Mamut One is the first offering based on Mamut Business Platform combining the power and advantages of business software applications together with web-based solutions. |
| Mamut and Validis enter into a strategic alliance |
| (London, November 8 2007) Mamut and Validis have entered into a strategic alliance to offer an innovative accounting service to SME customers as part of the Mamut Business Platform. Validis offers a web-based accounts validation service that uses a combination of business intelligence and advanced data algorithms to instantly and efficiently validate a company’s set of accounting data. |
| Mamut and eZ Systems enter into a strategic co-operation |
| (Oslo, November 6 2007) Mamut and eZ Systems have entered into a strategic co-operation for developing and distributing Web Publisher solutions and related services to Mamut’s 335,000 customers in Europe. The agreement covers 16 European markets and the Mamut Web Publisher will be a core component in Mamut Business Platform. |
| UK Small Business Still Not Convinced by Web-hosted Business Applications |
| Survey Reveals UK Leading Uptake But Installed Software Still Preferred |
| Mamut with strong improvement in third quarter results |
| (Oslo, 2 November 2007) Mamut reached operating revenues of MNOK 322.5 in the first nine months of 2007. The company increases its revenues with MNOK 26.8 and improves its EBIT with MNOK 37.3 for YTD 2007, compared with pro forma YTD 2006. In connection with the launch of Mamut Business Platform, the company is actively exploring possible acquisition opportunities of customer bases in new and existing markets. |
| Mamut with strong first half results |
| (Oslo, 16th August 2007) Mamut has achieved a milestone through delivering its 50th successive quarter of double digit growth by achieving operating revenues of MNOK 221.9 in 1H07. The pro-forma numbers for the company increased by MNOK 17.8 representing an improvement in EBIT of MNOK 13.5 compared to the same period in 2006. |
| Mamut finalist in Microsoft Worldwide Partner Awards |
| (Oslo, June 13 2007) Microsoft has announced Mamut as finalist in Microsoft Worldwide Partner Awards 2007 with Mamut Business Platform. From a total of 1,800 entries, the company has been selected as finalist in the ISV/Software Solutions Partner of the Year category together with two US based companies, ICONICS and Workshare. |
| Mamut acquires Danish Stellar Business Software |
| (Oslo, 4 June 2007) Mamut ASA has acquired business unit Stellar Business Software from Danish company Allerup edb A/S. Stellar Business Software develops, distributes and sells business software solutions for small and medium sized companies in Denmark. A letter of intent was signed by the parties in December 2006. |
| Mamut joins British Telecom’s and Microsoft’s SME initiative in the UK |
| (London, 30 May 2007) Mamut co-operates as one of the launch partners on BT Applications Market Place in the UK. The portal is a UK co-operation between Microsoft and British Telecom to offer cost efficient and web based applications to British Small Business Broadband customers. |
| Mamut ASA announces all time high revenue |
| (Oslo, 26 April 2007) Mamut ASA continues its growth after the acquisition of Active 24 and had operating revenues of MNOK 113.3 in 1Q07. This represents growth in sales of 90 per cent, of which 8 per cent is organic growth. Operating profit (EBIT) for 1Q07 was MNOK 6.9, an EBIT-margin of 6 per cent. EBITDA reached MNOK 18.5 in 1Q07, an EBITDA-margin of 16 per cent. |
| Mamut ASA announces best ever quarter |
| (Oslo, 22nd February 2007) Mamut ASA achieved its best ever quarterly results in 4Q06 with operating revenues of MNOK 108.3. Operating profit (EBIT) for 4Q06 was MNOK 9.2, an EBIT-margin of 8 per cent, in line with the company’s previous guiding. EBITDA reached MNOK 19.3 in 4Q06, an EBITDA-margin of 18 per cent. During 2007 Mamut will introduce the 'Mamut Business Platform' for all of its 300,000 European customers. |
| Mamut signs letter of intent to acquire Danish Stellar Business Software |
| (Oslo, December 12 2006) Mamut ASA has signed a letter of intent with Danish company Allerup EDB A/S and started exclusive negotiations over the acquisition of the business unit Stellar Business Software. |
| Mamut Business Software approved for ‘Works with Vista’
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| London, December 7, 2006 –Mamut is among the first independent software vendors worldwide to have its software approved for compatibility with Windows Vista and has been awarded the ‘Works with Windows Vista’ approval logo. The use of the logo has been granted for Mamut Business Software in Norway, Sweden, Denmark, the Netherlands, the UK and Ireland. So far, Mamut has received approval through the logo-program for three product portfolios, including Mamut Business Software and Mamut Home. |
| Mamut develops Small Business Concierge Online with Microsoft |
| Oslo, Norway – 21 November, 2006 – Mamut ASA (OSE “MAMUT”) today announce Small Business Concierge Online, a new online initiative based on the Small Business Concierge initiative introduced by Mamut and Microsoft Corporation in June 2004. |
| Mamut completes hat trick in the UK |
| (London, 16 November 2006) Mamut has won the Accountancy Age Award for Small Business Software of the Year for a third year running, fending off other entries, including finalists Sage, TAS, MYOB and Netsuite. |
| £35.5 billion owed to small businesses in the UK |
| London, UK – 15 November, 2006 - A survey of 250 small business owners (1-50 employees) businesses by Vanson Bourne on behalf of Mamut, a leading European provider of complete, integrated solutions for small businesses, has revealed that bad debt is a key issue facing small business owners in the UK. |
| UK accountants are technology laggards |
| Accountants remain ‘most trusted advisers’ for UK business but are failing to adopt technology, according to the Independent Association of Accountants Information Technology Consultants (IAAITC). |
| Mamut ASA with strong growth in the third quarter |
| (Oslo, 26th October 2006) Mamut ASA had operating revenues of MNOK 91.7 in 3Q06 including consolidation of Active 24 from July 1st. The organic growth achieved in the core business Mamut Business Software was 22 per cent in the third quarter. The company continues the previously announced integration process of Active 24. |
| Agreement between Baker Tilly and Mamut in the UK |
| London, August 29, 2006 – Mamut has signed a Memorandum of Understanding with Baker Tilly, a leading independent firm of UK Chartered Accountants and business advisers. |
| Mamut with compulsory acquisition of shares in Active 24 |
| (Oslo, 24 August 2006) Mamut ASA has, with effect from 24th of August 2006, resolved to exercise its rights pursuant to section 4-25 of the Norwegian Public Limited Companies Act (the ”Act”) to acquire all the shares in Active 24 ASA that are owned by others than Mamut ASA. Mamut ASA owns 35,302,628 shares (90.1% percent of the total number of shares and votes) in Active 24 ASA. |
| Mamut with 22 per cent organic growth in 2Q06 |
| (Oslo, July 6 2006) Mamut ASA increased its operating revenues by 22 per cent to MNOK 52.7 in 2Q06, compared to MNOK 43.3 in 2Q05. Operating profit (EBIT) for 2Q06 was MNOK 2.9, an improvement of 62 per cent compared to 2Q05. Operating revenues reached 112.4 in 1H06, a 22 per cent growth from 1H05. The company is experiencing solid organic growth in all markets. |
| Mamut will make a mandatory offer for all outstanding shares in Active 24 ASA |
| (Oslo, 29 June 2006) Mamut ASA has today disclosed its ownership of 45.3 per cent in Active 24 ASA and will make a mandatory offer to acquire the remaining shares in Active 24 ASA other than the 17,756,179 (45.3%) Active 24 shares already owned by Mamut. The price under the offer will be NOK 6.50 per share. The consideration shall be paid in cash. |
| Mamut launch Mamut Online Solutions |
| (Oslo, June 22. 2006) Mamut has today announced the launch of Mamut Online Solutions, online and secure business solutions optimised for smaller businesses. Mamut Online Solutions include Mamut Business Software and Microsoft Office, are easy to use, include hosting and support and are available through a web browser. Mamut Online Solutions will be available in Q3 in all markets in which Mamut is represented. |
