B2B Bargain Buy

 Brokat Infosystems AG to acquire Blaze Software, GemStone Systems

   *  Amount:         $831 million

   *  Premium:        70%

   *  Industry:        Performance software

   *  Scorecard:      B

SAN JOSE, June 20--In two transactions valued at approximately US $831.7 million, Brokat Infosystems AG (Frankfurt Neuer Markt: BRJ), a leading provider of software platforms for e-business solutions, announced the signing of definitive agreements to acquire two U.S. software companies, Blaze Software and privately held GemStone Systems, both of which will enhance Stuttgart, Germany-based Brokat's core e-Services platform product.

To acquire Blaze, Brokat will issue approximately 4.9 million ordinary shares in the form of ADSs in exchange for all outstanding shares of Blaze common stock, which is valued at approximately $560 million. To acquire privately held GemStone, Brokat will issue approximately 2.4 million shares. In connection with the Blaze acquisition, Brokat intends to apply for the quotation of American Depositary Shares (ADSs) representing its underlying ordinary shares on the Nasdaq.