Matrix42 and Update4u Software Merge

Atlanta, GA – April 2, 2009 – Matrix42 AG, with headquarters in Neu-Isenburg, Germany, and Update4u Software AG, with headquarters in Karlsruhe, Germany, today announced plans to merge and trade under the name Matrix42 AG. The new Matrix42 will have 180 employees and maintain offices in both Karlsruhe and Neu-Isenburg. The merger will make “Matrix42” the German market leader for integrated systems and service management. The combined customer base consists of nearly 1,500 customers managing about three million clients worldwide, including US customers, served by subsidiary, Atlanta-based Matrix42, USA, Inc.

“We are extremely excited about the merger and the resulting product portfolio,” said Richard Ashe VP of Matrix42 USA, Inc. “We have heard from our customers that in their business it is critical that the connections between what IT does and the work and success of the business are clear and continually recognized. The new Matrix42 IT Service Management (ITSM) solutions enable our customers to focus on IT business performance through increased transparency, automation, control and compliance.”

Two executives from Update4u Software AG have been appointed to the board of Matrix42 AG and will continue their executive roles. Herbert Uhl will serve as CEO and Jochen Jaser as CTO. Holger Maul, formerly CEO and CTO of Matrix42 AG, has accepted an executive function in Matrix42's parent company, Asseco Group (subsidiary of Asseco Poland SA (ACP:PW)). Mr. Maul will continue to pursue opportunities for the growth and expansion of Matrix42’s market leadership. The merger is scheduled to be completed by the end of Q2 2009.

Herbert Uhl, the new Matrix42 CEO, notes: "We are planning the expansion of activities in Germany and the US as well as opening new European markets. Our 2009 worldwide revenue goal is $37 million and we are forecasting revenue near $100 million by 2012. Despite the economic downturn the first quarter was successful for both companies and current opportunities show demand for integrated IT system and service management solutions. We are confident about the future success of Matrix42 as we grow to the next level."

“As a single vendor, Matrix42 can meet the demands of many customers needing integrated IT service and configuration management solutions from one source. We are delighted to offer customers our combined products and provide the benefits of a single vendor. We know how much our customers’ success depends on preserving previous investments, so we will continue to keep our solution interfaces open to other providers. In particular, the success of the partnership between Update4u and Microsoft will be developed and expanded under the new joint brand, Matrix42.”

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