
 ISTANBUL and BIELEFELD, Germany, July 12, 2012 /PRNewswire/ -- itelligence AG, the world's leading SAP partner for the mid-market, is announcing its majority investment in Turkish SAP consulting company Elsys, which is based in Istanbul. itelligence AG is acquiring 60% in this SAP Gold Partner. This investment is part of itelligence's systematic growth strategy focusing on further international expansion and its growing service portfolio.
Elsys was founded in 2000 and employs around 180 staff. In 2011, it   generated sales of around MEUR 11.5. Thanks to its own industry   solutions based on SAP Business All in One and its in-depth expertise,   especially in the automotive, fast moving consumer goods (FMCG), retail,   textile, and pharmaceutical industries, Elsys has proven itself as the   leading SAP consulting company in Turkey. Elsys's offering comprises  the  full lifecycle of an SAP solution with license sales, consulting,   maintenance and application management services. 
 Herbert Vogel,  CEO of itelligence AG, commented: "In Elsys, we have  found one of  Turkey's best SAP partners to further advance our  internationalization.  We are therefore filling a strategic "white spot",  comprising not just  the market in Turkey, but also the Black Sea region  and the Middle  East. Elsys's product offering and corporate culture are  an excellent  fit for us and I am looking forward to working together  with them." 
  Norbert Rotter, CFO of itelligence AG, said: "itelligence's investment   in Turkey means the company is breaking new economic and cultural  ground  in the bridge between Europe, Asia, and Africa. We have selected  and  planned this acquisition very thoroughly. We have had good  business  relations with Elsys for years and anticipate positive effects  for our  international customers, especially in Germany. We will also  exploit the  advantage that Germany is Turkey's biggest trading partner  by far."