âDivesting Orc Softwareâs ownership of E2E is in line with our objective to further streamline our business,â says Thomas Bill, CEO, Orc Software. âWe will continue to promote E2Eâs competence to our customers as they will remain an important business partner with Orc Software.â
The sale of E2E shares will have minimal impact on Orcâs 2007 income. In fiscal year 2006, E2E contributed to a net profit of about SEK 0.9 million. The transaction is expected to close during the second quarter of 2007, and will result in a marginal realised profit.