SYSTAR 
By Exclusive negotiations between Axway and the shareholders controlling Systar for the acquisition of 61% of Systar's shares
ST. CLOUD, France and Vienna, VA, March 24th, 2014 - Systar (ISIN: FR0000052854-SAR), a leading provider of Operational Intelligence software, was informed that Axway has started exclusive negotiations with the shareholders who jointly control the company for the acquisition of a block representing 61% of Systar's outstanding shares at a price of ? 5.97 per share, bringing the total amount to ? 34.3 million.
The completion of the acquisition of Systar's controlling block will lead Axway to file a simplified tender offer at the same price of ? 5.97 per share, targeting Systar's remaining outstanding shares, in accordance with applicable regulations.
Revenues and results for the third quarter of fiscal year 2013-2014, will be released on April 23rd, 2014
About Systar
Over 180 clients worldwide, including 10 of the world's 15 largest banks, rely on Systar's performance management software to transform their business and IT operations from reactive to proactive, solving problems prior to impacting the business. Systar is widely regarded as the leading provider of Business Activity Monitoring (BAM) solutions and offers innovative Virtualization Management and IT Governance software for physical and virtual server environments.
Systar is listed on the NYSE Euronext Paris Stock Exchange (ISIN: FR0000052854-SAR), and has offices in North America and Europe. More information about Systar is available at www.systar.com.
Discover Systar's Corporate Video!:
http://www.youtube.com/watch?v=s45BNJNowjY
http://hugin.info/141502/R/1771426/603139.pdf
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: SYSTAR via Globenewswire
