IXOS Software AG has acquired Obtree Technologies Inc., Basel, and the operating business of PowerWork AG, Kempten. With the two takeovers, IXOS is implementing its previously announced growth strategy for the enterprise content management market. IXOS is taking over Obtree Technologies Inc. at a price of SFR 0.52 (EUR 0.36) per share for 96,4% of the company`s 14,790,347 ordinary shares against cash. This corresponds to a purchase price of SFR 7.7 million (EUR 5.3 million) for a 100% interest. The transfer of beneficial ownership is scheduled to take place on February 1, 2003. In the case of PowerWork AG, IXOS is acquiring all operating assets for a cash payment of EUR 1.2 million, effective as of January 1, 2003 retroactively. Obtree is a European supplier of content management solutions and offers a product range that can be integrated into the environments of SAP, Microsoft and others. PowerWork AG is positioned as an supplier of process management and workflow technologies in Germany, Austria and Switzerland. IXOS` acquisition of PowerWork gives it access to workflow technology for developing sector-specific document management solutions. www.ixos.com

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