itelligence AG (XTRA:ILH) entered into agreement to acquire SAP product specific services in Canada and U.S. of Software AG (XTRA:SOW) on January 8, 2013. Moreover, itelligence plans to acquire the majority of around 80 employees. The transaction will have no impact on Software AG's expansion of U.S.-based sales and marketing activities and no effect on its outlook for the full fiscal year.

The deal is expected to close on January 16, 2013. Tyler Dempsey and John Dooley of Troutman Sanders LLP and McCarthy Tétrault LLP acted as legal advisor for itelligence AG. Ephraim Abramson & Co.

acted as legal advisor for Software AG.