Datalab Technologies Announces Intention of Acquisition, Withdrawal from Stock Exchange and Growth Acceleration

A group of international investors led by Simon Kaluza will join forces with the founder of Datalab, its management and employees-shareholders, in order to take over the ownership of the company Datalab Tehnologije d.d., Slovenia’s leading IT company, which was founded by its current general manager, Andrej Mertelj.

For 25 years now, Datalab has been a leader in the IT industry and has built a strong reputation in the software industry. Today, Datalab’s PANTHEON ™ solution is no. 1 in the region among business-information systems in its segment. Together with its partners, Datalab offers services of sale, support, implementation, training and maintenance for its business program PANTHEON ™. They comprise one of the biggest IT consulting groups in the region and rely on a base of loyal purchasers and a talented team of employees who will continue playing an important role in the company’s success in the future.

After the successful acquisition, Simon Kaluza, as the representative of the investment group, will be appointed new member of the Managing Board of Datalab. Simon Kaluza is recognized for his leadership roles in the region within the SAP organization.

– We deeply believe in the sustainable growth and potential of Datalab – said Simon Kaluza, who manages the investment on behalf of the investment company. – We will join forces with Andrej Mertelj, who has incredible knowledge of the industry and a visionary leadership. Our aim is to support sustainable growth and realize Datalab’s ambitious goals. We are looking forward to the new opportunities based on this cooperation and the value we can create together.

– Our goal is to constantly use innovative solutions and ensure that quality IT program for business is available to everybody, even the smallest companies. Today, PANTHEON ™ is the business information system no. 1 in its segment in the region and I am convinced that Datalab will continue advancing and growing. I am grateful for the effort and dedication of our employees and the loyalty of our purchasers, who are the foundation of Datalab’s success – stated Andrej Mertelj, founder and director of Datalab.

Ilirika, Jadek & Pensa, Kinstellar, AlbaCore and Dobravc Tatalovič Kač Law Office are taking part in the planned acquisition.

About Datalab

Over the years, Datalab has grown from a small company into an international corporation. The company and its employees have unique experience with the challenges which companies face when it comes to growth and development. The teams work with various companies and individuals who inspire them every day. Through its PANTHEON ™ business information system, the company has been bringing the latest technologies to small, medium and large enterprises for 25 years now, providing them with a basis for tangible business results.

This has also inspired the company’s slogan: Turn Data into Profit. Our mission is to secure quality software even for the smallest companies through constant innovations. We want to help them grow and realize their strategies.

On December 1, 2003, Datalab became a JSC in which the majority of the employees have shares, which is a good basis for realizing the company’s goals. On June 30, 2008, Datalab became the first Slovenian tech company to be listed on the Ljubljana Stock Exchange.

For more information on Datalab, its new ownership and strategic direction, visit www.datalab.rs.

Datalab SR d.o.o. Beograd

Datalab d.d. Ljubljana

Datalab Tehnologije dd

Ilirika

Jadek and Pensa

Kinstellar

AlbaCore

law office Dobravc Tatalovič Kač

Simon Kaluža

Andrej Mertelj

PANTHEONTM

acquisition of Datalab