Rentabiliweb Announces its Acquisition of Vidalia Group
By Rentabiliweb, PRNEThursday, December 9, 2010
A Telecom Services Operator and France's "Business-to-Machine" Specialist
BRUSSELS, December 10, 2010 - Rentabiliweb is announcing its 100% acquisition of Vidalia and
its subsidiaries in order to broaden its catalogue of monetization solutions
and strengthen its activity in new businesses for exchanging electronic and
monetary information, namely between automatons and machines.
Active on the French market since 2004, the Vidalia Group is
an operator listed with ARCEP. It designs and hosts online services enabling
remote access to information and interactive data exchange.
The company works in the areas of Business to Machine (B to
M), multichannel customer relations, 0800 numbers (special numbers),
interactive voice services and messages, IP telephony and SAAS services.
"Business-to-Machine" means the ability to enable electronic
equipment to exchange data with other machines. Vidalia thus features a
logistics platform enabling machine operators to "select" and adjust telecom
traffic while optimizing revenues and maximizing the reliability and
technical performance of connections. It offers optimized, highly secure,
automated services for alarm systems (remote monitoring, elevators and more),
and payment systems (transports, parking lots, motorways and more.)
Its clients include major key accounts such as Brinks, M6,
Cofidis, Niele, Virgin Mobile, Presence Verte, Vitaris Response, Cegelec
Secure, Mister Good Deal, Brandalley, Randstad, Rent-a-Car and others.
"Rentabiliweb has managed to establish its "one-stop"
monetization services on the B-to-B market," explained Corinne Chatal, Vice
President of Rentabiliweb Group. "With Vidalia, the Group is extending its
services into the fast-growing B-to-M monetization market, in which billions
of machines and sensors are and will in the future be interconnected via
telecoms networks, without any human assistance."
"This acquisition rounds out a year of very strong growth for
the Group, both organic and external", stated Jean-Baptiste Descroix-Vernier,
Chairman of Rentabiliweb Group. "Rentabiliweb is focusing on tactical, scaled
investments that are easy to incorporate and immediately create value for
shareholders. By becoming a specialist in the "Business-to-Machine" field,
Rentabiliweb is extending is monetization range and further enhancing the
profitability of its B-to-B activities."
Vidalia: France's "Business-to-Machine" specialist
Vidalia is specialized in managing value-added incoming flows
of information. Vidalia is namely a specialist in B-to-M that enables
machines, equipment and objects to exchange data with other machines, people
or information systems remotely and in real time.
Widely used in hospitals, remote monitoring, personal
assistance, transports, parking lots and elevators, B-to-M technology is
growing fast and has become a vital link in the customer relations chain.
According to forecasts, the B-to-M market will soon count
several billion machines and hundreds of billions of objects that can
potentially exchange data with one another. In 2004, there were 92 million
units of B-to-M modules worldwide, all network technologies combined.
According to Idate, this figure should reach 500 million by 2010. Experts
forecast nearly 2 billion machines and 100 billion objects capable of
exchanging data, mainly via RFID tags and sensors embedded in household
appliances and industrial machines, by the end of 2013.
Identified synergies that create value
The uniting of the two entities will enable the development of
high-level synergies and complementary product ranges, namely monetization
services for professionals (B-to-B) and Interactive Voice Server (IVS)
services.
Vidalia's organic growth is expected to accelerate in 2011
thanks namely to the very strong synergy created by this acquisition and to
new markets for the consolidated company.
An immediately accretive operation for shareholders
The acquisition includes 100% of the capital of two companies,
Vidalia Telecom and Vidalia Innovation.
In 2010, Vidalia Group is expected to reach sales of EUR 5.1
million and a normative EBIT of EUR 0.7 million.
The first phase of the operation features a cash payment of
EUR 3.2 million, part of which is to be paid on the date of Acquisition, and
part of which will be deferred to the 2011 financial year.
A second cash payment will be calculated based on the
operating results for 2011 and will remain marginal compared to the base
price.
The operation will be completely self-funded via the Group's
cash reserves and its constant capacity to generate Free Cash Flow since it
was founded. Rentabiliweb's fundamentals remain very strong, its cash
reserves are very high, and it still has no debt. The Group is thus
maintaining its ability to achieve its future ambitions, either through
organic development or via external growth.
The operation is immediately accretive for shareholders thanks
to the purchasing price and the fact that there is no raising of new capital,
as well as to the commercial synergies and economies of scale between the two
groups. The profitability of the B-to-B will thus be significantly
strengthened.
When publishing its yearly results for 2010, the Group will
specify its new scope and strategic ambitions, and will also make public to
the market its target revenues for the year.
* The Normative EBIT is defined as the Vidalia Group's 12-month EBIT
minus internal re-invoicing from Vidalia Group, namely management fees and
salaries, which were revised by Rentabiliweb
Find this press release at:
www.rentabiliweb.org/actualites/?p=2360
About Rentabiliweb
Founded in 2002, The Rentabiliweb Group offers Internet professionals and
webmasters the largest platform of website traffic monetization services,
namely payment and micropayment solutions. It also runs affiliate programs,
offers online advertising space brokerage and interactive voice services for
offline media and provides renowned expertise in loyalty programs and Direct
Marketing.
Rentabiliweb is also one of the premier French-language publishers, with
a package of services spanning the full range of mass-market entertainment,
from community services, family games and services for the general public to
recommendations for Internet users, personal ads, dating services, women's
content, humor and more.
Listed on Compartment C of the Euronext Brussels and Paris stock markets,
the Group today has 13 subsidiaries in Europe, Canada and Asia, employing 150
staff members around the world. In 2009, Rentabiliweb's sales topped EUR 65
million, with net profits of EUR 7.5 million.
Rentabiliweb is also a socially responsible company in its sectors of
activity, strictly applying the ten principles laid out by the UN Global
Compact.
For more information, visit: www.rentabiliweb.org
Corporate Communications IMAGE SEPT Anne Auchatraire Claire Doligez +33-1-53-70-74-70 aauchatraire@image7.fr cdoligez@image7.fr Financial - Investor Communications CALYPTUS Mathieu Calleux +33-1-53-65-37-91 mathieu.calleux@calyptus.net
Corporate Communications: IMAGE SEPT, Anne Auchatraire, Claire Doligez, +33-1-53-70-74-70, aauchatraire at image7.fr, cdoligez at image7.fr; Financial - Investor Communications: CALYPTUS, Mathieu Calleux, +33-1-53-65-37-91, mathieu.calleux at calyptus.net
Tags: belgium, Brussels, December 10, Rentabiliweb