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Risc Group acquires Ornis, a French managed service provider


Paris, September 25, 2007 : Risc Group, a listed company on Euronext, announced today the acquisition of 100% of Ornis, a French managed service provider. The transaction was completed in cash for €35 million.

Founded in 1990, Ornis is headquartered in Courbevoie, in the suburbs of Paris. The company employs over 100 professionals and provides its clients with a range of managed IT services and telecom solutions, thanks to a state-of-the-art proprietary technical platform based on “best of breed” components. Services and solutions provided by Ornis include network provision and administration, on-line data back-up and restoration, Application Service Provider (ASP) aggregation including secure e-mail systems in fully mutualised Software as a Service (SaaS) mode, Telephony over IP (ToIP), hosting and administration of critical servers and databases.

In 2006, ORNIS achieved €17 million of revenues (pro-forma) and a net income of over €1 million. It forecasts €22 million of revenues for 2007. With a customer base totaling 1 500 SMEs, the company benefits from recurrence on the major part of its revenues. Jean-Stéphane Bonneton, partner at Iris Capital, said « Since its inception, Ornis has been focused on outsourcing of infrastructure services and software applications with a strong emphasis on security and quality of service. This transaction confirms that Ornis had the right positioning and vision.”

Xavier Lazarus, partners at Elaia Partners, adds : “This strategic acquisition is very positive for the French IT industry and establishes a new Software as a Service European leader” Jerome Crampagne, partner at SGAM Alternative Investments, adds: “The scope and quality of Ornis solutions in IT outsourcing and TOIP (telephony over IP) match perfectly Risc Group’s objective of becoming the number one managed service provider in Europe”.

About Ornis (www.ornis.com)

Founded in 1990, Ornis is a managed services company (IT and telecommunications “net generation”) positioned at the heart of convergence, offering businesses a range of network infrastructure and remotely managed application services (ASP or SaaS aggregation) so that they can optimize the functioning of their information and communication systems at the least cost. In addition of its Telephony-over-IP solutions, Ornis also holds a global voice-data telecoms operator’s licence that allows it to be inter-connected with the largest telecom operators. With around 1,500 clients, Ornis expects over €20 million of revenues in 2007. The company is profitable.

About Risc Group (www.risc-group.com)

Founded in 1992 and listed on Euronext, Risc Group is a leading provider of managed and professional backup and security services in Europe. The company operates in France, Belgium, Germany and Spain. It offers organizations a complete set of services within the field of data protection and recovery, including remote automatic backup services, managed antivirus, managed firewalls, managed spam blocking, and managed emails. With more than 26,000 clients, Risc Group achieved over €39 million of revenues in 2006/07.

For more information please contact

Jacqueline Vu, Risc Group
Tél: + 33 1 58 81 00 58
jacqueline.vu@risc-group.com
www.risc-group.com

Jean-Stéphane Bonneton, Iris Capital
Tel : +33 1 45 64 73 52
js.bonneton@iriscapital.com
www.iriscapital.com


Publisher Contact Information:

Iris Capital
+33 1 45 64 73 52
js.bonneton@iriscapital.com

Company profile of Iris Capital
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