INNO Innovise

 
TIDMINNO 
 
6 December 2010 
 
                                 INNOVISE PLC 
 
      Innovise creates new software unit following acquisition of Pivetal 
 
Innovise plc, the AIM-quoted software solutions and IT services provider, is 
pleased to announce that it has acquired the intellectual property assets of 
Pivetal Limited, which was recently placed into liquidation. A new business 
unit is being formed within Innovise's existing Enterprise Service Management 
(ESM) division to develop and exploit the powerful intellectual property 
created by Pivetal. 
 
Innovise ESM helps large enterprises to manage complex IT systems by providing 
a comprehensive range of solutions based on technology from global vendors such 
as CA, HP and IBM, as well as fast-growing providers such as Service-now.com. 
The formation of the new business unit will enable Innovise to offer its own 
niche solutions to work alongside and complement those provided by its 
partners. 
 
Since its formation in 2001, Pivetal had delivered intelligent automation 
solutions to leading telecoms and communications providers. These customised 
and highly adaptable solutions are designed to increase the speed, visibility, 
integration and responsiveness of complex business processes. 
 
Innovise is hiring a team of 10 senior software engineers and will continue to 
deliver and develop the Pivetal product set from offices in Southampton and the 
Innovise technology centre in Mumbai. 
 
Mike Taylor, CEO of Innovise, said: "Innovise ESM is a specialist in the ITSM 
space and works extensively in the financial and telecoms markets. The addition 
of the proven Pivetal product sets will enable us to cross-sell to existing 
customers and to achieve value-adding integration with solutions from the 
leading partners that we work with in these markets." 
 
Innovise expects this latest acquisition to be earnings neutral in the current 
financial year and earnings enhancing thereafter. 
 
Contact: 
 
Mike Taylor, Chief Executive     Innovise plc                  087 0626 0400 
 
Tony Edwards, Finance Director   Innovise plc                  087 0626 0400 
 
Edward Hutton, Nominated Advisor Northland Capital Partners    020 7492 4750 
                                 Ltd 
 
Ian Foster, Shareholder          Wordsworth Communication Ltd  077 3918 5050 
Relations 
 
Note to editors: 
 
Innovise plc is a fast growing IT solutions company with two divisions, each of 
which has its own management team and focused growth strategy. 
 
Innovise ESM enables major organisations to transform complex IT environments, 
resulting in improved performance and service. The division partners with the 
leading global vendors to deliver best-in-class solutions to Fortune 500 
businesses across a range of industries. 
 
The Innovise Software & Solutions division consists of two complementary units: 
Innovise Software's products are extensively used to improve efficiency within 
the facilities management, support services and public sectors, while Innovise 
Solutions provides customised and highly cost-effective managed services 
including remote database administration, infrastructure management and 
Microsoft solutions. 
 
Innovise has offices in Brierley Hill, Slough, London and Mumbai. 
 
For more information, please visit www.innovise.com. 
 
 
 
END 
 

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