Devoteam to Sell Its Telecom Activities in France to Ericsson & Refocus on Its Strategic Offerings

  Devoteam to Sell Its Telecom Activities in France to Ericsson &Refocus on
  Its Strategic Offerings

Business Wire

PARIS -- January 21, 2013

RegulatoryNews:

Devoteam (NYSE Euronext Paris: DVT)

EMEA leader in ICT consulting and services, Devoteam announces today its
intention to sell its subsidiary Devoteam T&M to Ericsson, the world’s leader
in communication technologies and services professionals.Devoteam
T&M(Telecom & Media) represents 7% of Devoteam’s global turnover with400
skilled services professionals, mainly serving the French market.

The closing of the sale is subject to consultation and customary closing
conditions, expected at the beginning of second quarter of 2013.

The deal is a significant step in an ongoing strategic transformation for
Devoteam, announced in July 2012, which has the ambition to refocus its
service portfolio, in order to build high-value niche positions on seven
domains:

  *Cloud transformation,
  *IT Service Excellence,
  *Telecom Network Transformation,
  *Mobile & Digital Enabler,
  *Risk & Security,
  *Data & Information Management,
  *IT Transformation.

Derek Nutley, Telecom Director at Devoteam declared: "This transaction fits
well with our 2015 strategic plan. It will allow us to focus more on
innovation around the Devoteam’s value propositions. Ericsson is a key
business partner of Devoteam - notably in UK and Mediterranean countries - and
we hope that this project will further strengthen our relationship. I also
think the teams of Devoteam Telecom & Media in France will benefit from
Ericsson’s end-to-end know-how, scale and global presence."

“Acquiring Devoteam Telecom & Media adds a unique expertise in complex,
strategic and technical consulting engagements that will enable Ericsson to
immediately enhance the value that we bring to our customers," says Magnus
Mandersson, Senior Vice President and Head of Business Unit Global Services,
Ericsson. "It is further proof of Ericsson's commitment to act as the partner
of choice for the business transformation currently taking place within the
telecommunications industry.”

About Devoteam:

Devoteam is an IT consulting group created in 1995, a preferred partner for
accompanying the IT transformation of its clients. Combining consulting
know-how and technology expertise enables Devoteam to provide its customers
with independent advice and effective solutions that meet their industrial
objectives.

In 2011, Devoteam achieved revenues of 528M, with a 7% increase compared to
2010. As per December 31^st 2011, the Group consists of 4,857 employees in 23
countries across Europe, North Africa and the Middle East.

ISIN: FR 0000073793, Reuters: DVTM.PA, Bloomberg : DEVO FP. www.devoteam.com

Contact:

Contact - Investor Relations:
Devoteam
Gregoire Cayatte, + 33 1 41 49 48 48
finance@devoteam.com
or
Press:
Bastien Rousseau, + 33 1 56 02 35 05
bastien.rousseau@ketchumpleon.fr
 
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