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NTT DATA to Partner With itelligence and Launch...

TOKYO, Japan and BIELEFELD,Germany, October 24 /PRNewswire/ --

    - Offer Price of 6.20 Euro per itelligence Share Represents a Very
Attractive Premium

- Partnership Enables NTT DATA to Better Service its Customers in Europe

- itelligence Stays a Separately Listed Company Within the NTT DATA Group

- Co-founder Herbert Vogel Remains CEO

    NTT DATA EUROPE GmbH & Co. KG, a wholly-owned subsidiary of Japanese IT
company NTT DATA CORPORATION, has today agreed to partner with itelligence
AG, a leading international full-service provider for solutions in the SAP
environment, headquartered in Bielefeld/Germany. In accordance with the
agreement, which sets out the detailed terms of the combination and was
signed today, NTT DATA has announced its decision to launch a public takeover
offer for all outstanding itelligence shares. The transaction is part of NTT
DATA's expansion of its global IT service capabilities.

The intended Offer in Brief

    - NTT DATA will pay 6.20 Euro per itelligence share in a cash takeover

    - The intended offer represents a very attractive premium of
approximately 47.3 percent on the average Xetra closing share price of 4.21
Euro for the period of 3 months prior to the announcement of the decision to
make the offer ending Monday, 22 October and of approximately 37.2 percent on
the Xetra closing share price of 4.52 Euro on Monday 22 October

- The acceptance period is expected to start in mid November 2007

- NTT DATA expects to complete the offer in early 2008

Exceptional strategic fit

    Guided by its vision to become a global IT innovator, the NTT DATA Group
is working to build out its operations worldwide in support of the global
business activities of its customers. Since 2005, NTT DATA has taken various
steps to develop its international business, especially by acquiring the
Revere Group in the US and the Shenzen East Net Co., Ltd. in China. The
partnership of NTT DATA and itelligence is an exceptional strategic fit - in
terms of geography, technology and customers:

    - itelligence will benefit from NTT DATA's Asian strength to expand its
business as a Global SAP Partner

    - itelligence gains access to NTT DATA's large global customers to
provide its services offering to these in Europe and the US

    - NTT DATA will benefit from an enhanced presence in Europe and the US to
provide its clients with global service offerings, particularly within the
industrial and manufacturing industries

    - itelligence will strengthen NTT DATA's SAP capabilities and broaden its
service offerings

    - Both companies will greatly benefit from joint initiatives of their
complementary activities in North America

    - Both companies will benefit by sharing their knowledge base and best

    "We are very pleased to welcome itelligence as a partner of NTT DATA,"
Executive Vice President, Takashi Enomoto, commented on the transaction. "The
partnership will enhance the growth potential of both companies. We value the
leadership of itelligence in the SAP environment and its strong market
position in the mid market. Applying the know-how of itelligence to our
multinational clients will offer fantastic growth opportunities for
itelligence. We look forward to enhancing the skills of itelligence and the
company's highly talented team of professionals and supporting them to build
their business globally."

    Herbert Vogel, CEO of itelligence, added: "By teaming up with NTT DATA,
we're able to fully capitalize on our market position that we have
established as a Global SAP Partner Service and Hosting. This combination is
a great fit. I am excited to lead itelligence into the future with such a
strong IT group behind us."

Based on partnership and supported by management

    Herbert Vogel and his wife have irrevocably committed to accept the
proposed offer and to tender slightly more than half of their combined
itelligence shares. In consultation with NTT DATA, Herbert Vogel intends to
retain the remaining shares to underscore his ongoing commitment, as
co-founder and longstanding CEO of itelligence, to continue to lead the
company and its employees going forward.

    NTT DATA is very interested in keeping itelligence as a separately listed
company and in retaining management and employees, while supporting the
company in its future growth and development. A domination agreement was
explicitly ruled out in the business combination agreement for the
foreseeable future. There shall be no workforce reductions resulting from the
transaction. itelligence AG shall keep its current name, brand and
headquarters. NTT DATA seeks appropriate representation on the Supervisory

    The Supervisory Board of itelligence has approved the transaction and the
Management Board and the Supervisory Board intend to recommend to the
shareholders of itelligence to accept the offer subject to review of final
offer document and applicable laws. It is intended that the offer will be in
particular subject to the condition that NTT DATA is able to acquire at least
50 percent plus one share on a fully diluted basis in order to fully
consolidate itelligence, as well as other usual conditions such as merger
control clearance.

NTT DATA intends to finance the transaction fully with cash at hand.

    Nomura and Rothschild are acting as financial advisers to NTT DATA in
this transaction.

    Subject to an approval by the German Federal Financial Supervisory
Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin), the offer
document will be published in accordance with the German Securities
Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz, WpÜG),
and made available on:

Joint Press Call

    The transaction will be presented by Mr. Herbert Vogel and Mr. Takashi
Enomoto in a joint press call (details outlined below).

Date:              Wednesday, 24 October 2007

Time:              11 am CET

Dial-in number:    +49-89-2444 32 690

Confirmation Code: 56 24 732

The press call will be held in German.


    NTT DATA is a quoted subsidiary of Nippon Telegraph and Telephone
Corporation ("NTT"). It offers a broad range of IT services including
consulting, systems integration and IT outsourcing. NTT DATA posted total
revenues of approx. JPY 1 trillion (Euro 7.0 billion)(1) for the year ended
March 31, 2007, and has more than 22,600 employees. Since 2005, NTT DATA has
taken various steps to develop the international business, including the
acquisition of the Revere Group in the US and the Shenzen East Net Co., Ltd.
in China. For more information visit the NTT DATA website:

About itelligence

    itelligence is one of the leading international full-service providers
for solutions in the SAP environment. The company offers its customers a
tailored solution and service portfolio for the entire lifecycle of an IT
investment. The company employs more than 1,200 highly qualified people in 15
countries. In 2006, itelligence generated total sales of Euro 163.8 million.
For more information visit the itelligence website:

Important Information

    This is neither an offer to purchase nor a solicitation of an offer to
sell shares in itelligence AG, nor an offer to purchase or sell any other
securities. The terms and conditions of the offer will be published in the
offer document only after the permission of the German Federal Financial
Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht,
BaFin) has been obtained. Investors and holders of shares in itelligence AG
are strongly advised to read the relevant documents regarding the takeover
offer to be published by NTT DATA EUROPE GmbH & Co. KG when they become
available because they will contain important information. Investors and
holders of shares in itelligence AG will be able to receive these documents,
when they become available, at the web site

    The information herein may contain "forward-looking statements".
Forward-looking statements may be identified, in particular, by words such as
"expects", "anticipates", "intends", "plans", "believes", "seeks",
"estimates", "will" or words of similar meaning and include, but are not
limited to, statements about the expected future business of NTT DATA, NTT
DATA EUROPE GmbH & Co. KG, itelligence AG or any other entities. These
statements are based on the current expectations of management of NTT DATA
and NTT DATA EUROPE GmbH & Co. KG and are inherently subject to uncertainties
and changes in circumstances. NTT DATA and NTT DATA EUROPE GmbH & Co. KG do
not undertake any obligation to update the forward-looking statements to
reflect actual results, or any change in events, conditions, assumptions or
other factors.

    (1) Based on the average exchange rate of approx. 150 JPY/EUR for the
period from April 1st, 2006 to March 31st, 2007 (source:

    Media contact

    Sara-Lisa Cavallaro
    Hering Schuppener Consulting
    Tel: +49-69-921874-68

    Silvia Dicke
    Head of Media Relations
    Tel: +49-521-9144-8107

Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

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