Pangora Streamlines its Management Structure

KARLSRUHE, Germany and LONDON - Pangora GmbH, the supplier of online marketplace technologies, is to combine its previous six business divisions into three segments: Portals & Brands, Shops & Content and Innovation &Technology. As a result, the board of management will be scaled down from six to three executives and this will be accompanied by a reduction in staff numbers. In doing so, Pangora will be streamlining its entire organisational structure. Robin Schönbeck remains as Managing Director of the German-based technology company.

During the course of the management reorganisation a number of staff positions will be eliminated. Affected are 16 employees in the Karlsruhe and London offices. The London office will be closed with its operations being conducted in future from Karlsruhe. The entire structure of the organisation will be trimmed down as a result of these measures. Due to the merging of functions within the company processes and decision-making will become leaner.

“Restructuring the company will allow us to react with more drive in our competitive environment”, says Robin Schönbeck, Managing Director of Pangora GmbH. “With our centralisation strategy we will be able to benefit in the future from greater synergy.”

About Pangora

Pangora, the supplier of online marketplace technologies, offers target group specific solutions for portal operators and online shops with the goal of generating e-commerce sales. Pangora technologies process and combine millions of pieces of product data from over 4000 retailers in Europe. Pangora’s product search and price comparison technologies have already received numerous national and international awards. Among the 70 or more portal clients throughout Europe are household names such as T-Online, Freenet, Payback, PC-Welt.de and Testberichte.de. In addition to this, Pangora operates decido (www.decido.de): a portal for aiding purchasing decisions. Pangora employs 80 members of staff worldwide.

For further information please contact: Vaubel Medienberatung GmbH Vera Vaubel Gumppenbergstr. 6 D-81679 Munich Germany phone +49-89-981-039-87 fax +49-89-981-039-88 medienberatung@vaubel.de www.vaubel.de Pangora GmbH Kirsten Drössel Neureuter Strasse 37a D-76185 Karlsruhe Germany phone +49-721-602-900-900 fax +49-721-602-900-123 kirsten.droessel@pangora.com www.pangora.com

Source: Pangora GmbH

For further information please contact: Vaubel Medienberatung GmbH, Vera Vaubel, Gumppenbergstr. 6, D-81679 Munich, Germany, phone +49-89-981-039-87, fax +49-89-981-039-88, medienberatung at vaubel.de, https://www.vaubel.de. Pangora GmbH, Kirsten Drössel, Neureuter Strasse 37a, D-76185 Karlsruhe, Germany, phone +49-721-602-900-900, fax +49-721-602-900-123, kirsten.droessel at pangora.com, https://www.pangora.com