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TIE Holding N.V. (AMS:TIE) TIE Acquires A 51% Interest In MamboFive

TIE Holding N.V. (AMS:TIE) TIE Holding N.V. ("TIE") herewith announces that it has acquired 51% of the shares of MamboFive B.V., an e-Business software company based in The Netherlands.

After the completion of the financial, technical and legal due diligence, which did not give rise to any issues that have a material impact on the transaction, the shares were purchased and transfer of the shares took place. In line with the press release issued on October 22, 2008, the shareholders of MamboFive received a EUR 200,000 purchase price. The purchase price also contains of a short term 5% annual interest bearing loan amounting to EUR 300,000. On March 1, 2009, TIE is required to repay the loan and interest to the shareholders of MamboFive.
About MamboFive MamboFive delivers and implements e-business solutions based on her standard MamboFive Commerce Suite (MCS), which is suitable for B2B and B2C solutions. MCS is a fully 'Web Enabled ERP' for the internet entrepreneur. New technologies such as e-procurement, web shops, catalogue management and web services can be implemented upon the existing investments in financial and logistic systems.

The company was established in 2000 and is headquartered in Utrecht, in the center of the Netherlands. It developed the MamboFive Commerce Suite especially for midsize and large enterprises who can implement the software package quickly without high investments. MamboFive's main focus is the high end corporate retail segment. The client reference list comprises strong corporate brands as KPN, HI, Debitel, Vodafone, Fujitsu-Siemens, SimYo Belgium, Simac ICT and Elders Websales (GSM.nl). MamboFive also has a strong position in the mid segment with runner up companies and niche players who require state-of-art solutions for their e-businesses.

Profile TIE Master Data Management Software Company TIE (NYSE Euronext: TIE Holding) bridges the gap between online and traditional business. TIE helps industry and supply chain partners to achieve electronic business collaboration with solutions in the traditional and upcoming markets like Data Quality Management, e-Invoicing, Master Data Management and Digital Channel Communications. Our solutions are proven to lower costs, increase revenue and optimize business processes. Because we have decades of experience to share, TIE remains a key contributor to the development and implementation of global eCommerce standards. TIE is a publicly held company with offices in the United States, France, and the Netherlands.

Further information:

TIE Holding N.V.

Jan Sundelin, CEO

Antareslaan 22-24 2132 JE Hoofddorp The Netherlands

T: +31-20-658 93 33 F: +31-20-658 90 01

E: info@TIEglobal.com W: www.TIEglobal.com

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

LINK: http://hugin.info/133086/R/1279282/285594.pdf

TIE Holding N.V.

http://www.tieglobal.com
ISIN: NL0000386985

Stock Identifier: XAMS.TIE

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TIE Holding N.V.

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