23.10.2013
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DGAP-News: Realtime Technology AG: RTT acquires 100 percent of Bunkspeed Inc.
DGAP-News: Realtime Technology AG / Key word(s): Acquisition
Realtime Technology AG: RTT acquires 100 percent of Bunkspeed Inc.
23.10.2013 / 09:00
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CORPORATE NEWS 05/2013
RTT acquires 100 percent of Bunkspeed Inc.
Munich, Germany October 23, 2013 - Realtime Technology AG (RTT) (ticker
symbol: R1T) today announces that it has reached an agreement with the
minority shareholders of Bunkspeed Inc. to transfer all shares and options
to RTT. The purchase price was not disclosed. In the course of this change
Philip Lunn, co-founder and CEO of Bunkspeed, resigns. Los Angeles-based
Bunkspeed Inc. is now a wholly owned subsidiary of RTT.
Bunkspeed is a leading provider of design visualization tools and is
recognized for its strong range of powerful, easy-to-use software products.
The acquisition extends RTT's services to agencies and designers by
offering these lightweight yet latest-edge design tools. After having taken
the majority holding with 65.52% already in August 2010, RTT now fully owns
Bunkspeed Inc.
Ludwig A. Fuchs, co-founder and CEO of RTT declares, 'Bunkspeed stands for
ease-of-use and best visual results, making its tools a valuable addition
to RTT's own offering. The benefits of Bunkspeed's technology for
enterprise workflows are already evident and will help expand our
capabilities further in the future.'
The integration of Bunkspeed into the RTT Group will take place in the
coming months. By complementing RTT's product portfolio with its proven
software and by including the visualization expertise of its staff in RTT's
knowledge pool, Bunkspeed will help strengthen the combined market
presence.
For more information about RTT, please visit:
http://www.rtt.ag/en/investors
About RTT
RTT is the leading, one-stop-provider of high-end software, consulting and
creative services in professional, 3D visualization. As a strategic
partner, RTT offers sustainable, effective and seamless process support
across the entire product lifecycle with its holistic approach. As a
result, products are developed faster and more cost-effectively, while
time-to-market is significantly reduced. Through creative, photorealistic
CGI implementations, RTT enables innovative sales and marketing advantages
and new dimensions of emotional brand staging. The Group's customer-base
includes companies like Adidas, Audi, BMW, Daimler, EADS, Electrolux,
Ferrari, General Motors, Harley-Davidson, Porsche, The North Face and
Volkswagen. RTT AG was founded 1999 in Munich and is listed on the
Frankfurt Stock Exchange (Xetra: R1T; WKN: 701220; ISIN: DE0007012205). The
RTT Group employs over 750 staff at 15 locations worldwide (as of September
16, 2013). For more information, visit www.rtt.com.
IR Contact
RTT AG
Zeljka Skoko
Tel: +49 89 200 275 285
E-Mail: [email protected]
End of Corporate News
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23.10.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Realtime Technology AG
Rosenheimer Str. 145
81671 München
Germany
Phone: +49 (0)89 - 200275 - 0
Fax: +49 (0)89 - 200275 - 200
E-mail: [email protected]
Internet: http://www.rtt.ag
ISIN: DE0007012205
WKN: 701220
Listed: Freiverkehr in Berlin, Stuttgart; Frankfurt in Open Market
(Entry Standard)
End of News DGAP News-Service
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