Aurea Software FZ-LLC made a voluntary offer to acquire remaining 18.5% stake in Update Software AG (XTRA:UP2) for €6.6 million in cash on April 22, 2015. The voluntary offer price is €3.15 per share of Update Software AG and will be open from April 22, 2015 to May 5, 2015. On May 29, 2015, Aurea Software FZ-LLC made a voluntary offer to acquire remaining 18.5% stake in Update Software AG (XTRA:UP2) for €7.05 million.

The voluntary offer price has increased to €3.37 per share. The revised offer will be open for acceptance from May 29, 2015 till July 3, 2015. Katrin Stauber of WOLF THEISS Rechtsanwalte GmbH acted as the legal advisor for Aurea Software.