Press release

Amsterdam, January 7, 2008

TIE announces acquisition of SinfoX

Master Data Management Solution Software Company TIE Holding N.V. (“TIE”) listed on the EuroNext Amsterdam Stock Exchange and SinfoX B.V. herewith announce that an agreement has been reached to acquire SinfoX, a Dutch-based EDI software company.

With the addition of Sinfox, that has an annual revenue of approximately EUR 320k, TIE will be able to deliver its Business-to-Business integration know-how and solutions to the customers of SinfoX who are predominantly in the Do-It-Yourself, Hardlines and Food industry.

The transaction is expected to close no later that January 31, 2008 after completion of a formal roll forward of earlier due diligence procedures during the month of January. Payment for this transaction, totalling EUR 525k, will take place by issuing Convertible Bonds to the owners of SinfoX with a lock up period of three years and a cash component. The current management of SinfoX will transfer to TIE and will remain involved in the further development of the business.

“EDI services remain a key component of our MDM product suite”, says Jan Sundelin, Acting CEO of TIE. “The SinfoX acquisition is an important step in expanding our client base in this area and creating an opportunity to rebrand our basic EDI solutions. Furthermore it fits in our strategy of creating a competitive and cost efficient organization offering recognized high quality products.”

Jos Brey, CEO of SinfoX adds: “We are pleased to have still found common ground and are happy to move forward with this acquisition after some hesitation in October of 2007. We continued to believe there would be great potential in the combination, and are happy to move on that belief.”

About SinfoX

SinfoX, Smart information eXchange, is a leading software and consultancy company whose objective is to connect individuals and processes in a secure, personalised and demand-triggered way. SinfoX is a leading specialist on low cost EDI solutions and offers the SmartCom product line, middleware that provides integration with most popular ERP and accounting software. SinfoX also provides SmartHandler, which is a Software-as-a- Service (SaaS) offering.

About TIE

TIE bridges the gap between online and traditional business, and helps industry and supply chain partners achieve electronic business collaboration without limitations. Our solutions are proven to lower costs, increase sales, optimize business processes, and improve efficiency while removing the barriers to eBusiness information exchange. Because we have decades of experience to share, TIE remains a key contributor to the development and implementation of global eCommerce standards. Today we are the partner that industry leaders turn to for business-to-business success. TIE is a publicly held company with offices in the United States, France, and the Netherlands.

Further information:

End of press release

Download press release (pdf, 78 KB)