IPO For Biomni

The Boards of Computacenter plc and Computasoft Ltd today announced their decision to explore the possibility of a public listing for a minority stake in Biomni, their business-to-business e-commerce joint venture in which both parties have a 50% stake.

Goldman Sachs have been appointed financial advisers to Biomni to lead the potential transaction which may take place within the first six months of 2000.

Biomni, established late last year, harnesses the e-commerce expertise developed by both Computacenter and Computasoft during their nine year partnership in creating sophisticated electronic procurement systems. Computacenter currently provides a version of Biomni software for electronic procurement by its customers.

Mike Norris, Chief Executive of Computacenter said: “Biomni reflects our belief in the business-to-business e-commerce opportunity and the potential to extend the commercial reach of our joint developments over the last nine years. This process marks another milestone in Biomni’s development.”

Notes to Editors

Biomni

Biomni is a leading business-to-business e-commerce company, offering organisations the benefit of tried and tested e-procurement solutions supported by a comprehensive range of services to ensure maximum return on investment. Launched in November 1999 as a 50 / 50 joint venture between Computacenter and Computasoft Ltd, with the benefit of nine years’ e-commerce expertise, Biomni manages the largest e-procurement trading community in Europe.

Based in the UK, with five regional support areas and resources in mainland Europe, including France and Germany, the Biomni team consistently delivers the highest standard of customer service to companies within its trading community, changing the dynamics of business-to-business e-commerce in Europe.

Biomni has a range of customers, suppliers and partners operating within its community. Over 1500 European organisations are currently supported by Biomni in the public and private sectors, and more than 350 suppliers are accessed through Biomni’s trading hub.

Computasoft

Computasoft is a leading provider of communication and database software and services to the world’s capital markets. The Computasoft Group consists of Computasoft Syndication, Computasoft Consulting, Computasoft Research, Capital NET, Capital DATA and CommScan Inc.

Computasoft has offices in London, New York and Hong Kong, and a turnover in excess of over £21 million per annum. The group has grown steadily since it was established in 1984. Today it has more than 500 customers around the globe and a reputation for delivering measurable business improvement through quality software.