Empresas y finanzas

Indus and MDSI to Combine in a Private Equity Transaction Sponsored by Vista Equity Partners



    Indus International, Inc. (NASDAQ: IINT), a leading Service
    Delivery Management (SDM(TM)) solution provider, and Vista Equity
    Partners, a $1 billion private equity investment firm based in San
    Francisco, CA, today announced they have entered into a merger
    agreement under which Indus, subject to customary closing conditions,
    will be acquired by an affiliate of Vista in an all-cash transaction
    valued at approximately $240 million. Upon completion of the merger,
    Vista intends to combine Indus with MDSI Mobile Data Solutions
    Incorporated, a Vista portfolio company and the worldwide leader in
    enterprise mobile workforce management software. The stockholders of
    Indus, subject to customary closing conditions, will receive $3.85 in
    cash in exchange for each share of Indus stock.

    "The combination of these two industry leaders is a game-changing
    event," said Greg Dukat, President and CEO of Indus. "Together our
    products epitomize the Service Delivery Management philosophy,
    combining the functionality of best-of-breed enterprise asset
    management, field service management and customer management
    applications, to help service delivery organizations optimize
    interrelated business processes. Along with our emerging strength in
    the commercial client market, the combined company's client base will
    include 5 of the top 10 cable companies and 18 of the top 20 utility
    companies in North America, as well as some of the world's largest
    telecommunications companies. The combined footprint of Indus and MDSI
    will create the most attractive suite of products for the market."

    Vince Burkett, MDSI's President and CEO adds that "the combination
    of our two companies will bring together expertise and thought
    leadership that's not found elsewhere in the industry. Together we
    will provide our clients with a broader solution suite to fully
    optimize their service delivery processes."

    According to Robert F. Smith, Managing Principal of Vista Equity
    Partners, "We are long-term investors in technology-enabled companies
    that are committed to leadership in their markets. We have been
    impressed with the product offerings, vision and market leadership
    found within Indus. We feel that a combination of Indus and MDSI will
    create a company that will be uniquely positioned to offer an end
    to-end solution for service delivery management. The proven management
    teams at both companies and unparalleled client base will be leveraged
    to provide clients with a single source for managing and optimizing
    their operations."

    The Board of Directors of Indus has unanimously approved the
    merger agreement and recommended that the stockholders vote in favor
    of it. Indus will hold a special meeting of stockholders to approve
    the merger, where a majority of the outstanding shares of Indus are
    required to approve the offer in order for the transaction to proceed.
    The closing is subject to customary closing conditions, including
    antitrust clearances. The transaction is expected to close within the
    next 90 days.

    Credit Suisse has acted as financial advisor to Indus for this
    transaction.

    About Indus International

    Indus is a leading Service Delivery Management (SDM) solution
    provider, helping clients in a broad array of industries optimize the
    management of their customers, workforce, spare parts inventory, tools
    and documentation in order to maximize performance and customer
    satisfaction while achieving significant cost savings. Indus customer,
    asset and workforce management software products, professional
    services and hosted service offerings improve our clients'
    profitability by reducing costs, increasing capacity and
    competitiveness, improving service to their customers, facilitating
    billing for services and ensuring regulatory compliance. Indus
    solutions have been purchased by more than 300 companies in more than
    40 countries, representing diverse industries - including
    manufacturing, utilities, telecommunications, government, education,
    transportation, facilities and property management, high tech,
    consumer packaged goods and more. For more information, visit
    www.indus.com.

    About MDSI

    MDSI is the largest, most successful provider of enterprise mobile
    workforce management software in the world. MDSI's solutions improve
    customer service and relationships and reduce field operating costs by
    allowing companies to more effectively manage all mobile resources.
    Headquartered in Richmond, BC, Canada, MDSI was founded in 1993 and
    has approximately 275 employees. The company has operations and
    support offices in the United States, Canada, Europe and South Africa.
    MDSI services approximately 110 clients, including 80% of the top 20
    North American Utilities, and 50% of the top 10 North American Cable
    companies, and has licensed more than 100,000 field service users
    around the world. For more information, visit www.mdsi.ca

    About Vista Equity Partners

    Vista Equity Partners currently invests $1 billion in capital
    committed to dynamic, successful technology-based organizations led by
    world-class management teams with long-term perspective. Vista is a
    value-added investor, contributing professional expertise and
    multi-level support toward companies realizing their full potential.
    Vista's investment approach is anchored by a sizable long-term capital
    base, experience in structuring technology-oriented transactions, and
    proven management techniques that yield flexibility and opportunity in
    private equity investing. For more information, visit
    www.vistaequitypartners.com.

    Forward Looking Statements

    This press release contains statements, estimates or projections
    that are not historical in nature and that may constitute
    "forward-looking statements" as defined under U.S. federal securities
    laws. These statements include, but are not limited to, the successful
    completion of the merger, the timing of the completion of the merger,
    the successful combination of Indus and MDSI, and the benefits of
    combining Indus and MDSI product lines. These statements, which speak
    only as of the date given, are subject to certain risks and
    uncertainties that could cause actual results to differ materially
    from our Company's historical experience and our expectations or
    projections. These risks include, but are not limited to, the risk
    that the stockholders of Indus do not vote to approve the transaction,
    the risk that the transaction is not consummated or not consummated
    within the expected timeframe, the risk that the financing required to
    pay the purchase price is not available, and the risk that the
    expected benefits of the combination of Indus and MDSI are not
    realized. Additional factors that may affect future results are
    contained in Indus' SEC filings. Investors are advised to consult
    Indus' filings with the SEC, including its fiscal 2006 Annual Report
    on Form 10-K filed with the SEC, for a further discussion of these and
    other risks.

    Indus is a registered trademark of Indus International, Inc. Other
    company and product names may be trademarks of the respective
    companies with which they are associated.

    Additional Information

    In connection with the proposed transaction, the Company plans to
    file with the Securities and Exchange Commission (the "SEC") and mail
    to its stockholders a proxy statement that will contain information
    about Indus, the affiliates of Vista Equity Partners that are parties
    to the merger agreement, the proposed merger and related matters. The
    information in this press release is not a substitute for the proxy
    statement, and STOCKHOLDERS ARE URGED TO READ THE PROXY STATEMENT
    CAREFULLY WHEN IT IS AVAILABLE, AS IT WILL CONTAIN IMPORTANT
    INFORMATION THAT STOCKHOLDERS SHOULD CONSIDER BEFORE MAKING A DECISION
    ABOUT THE MERGER. In addition to receiving the proxy statement and a
    proxy card from Indus by mail, stockholders will also be able to
    obtain the proxy statement, as well as other filings containing
    information about Indus, without charge, from the SEC's website
    (http://www.sec.gov) or from Indus, without charge.

    Indus and its executive officers and directors may be deemed to be
    participants in the solicitation of proxies from Indus' stockholders
    with respect to the proposed merger. The affiliates of Vista Equity
    Partners that are parties to the merger agreement may also be deemed
    participants in such solicitation. Information regarding Indus'
    directors and executive officers is available in Indus' definitive
    proxy statement filed with the SEC on September 7, 2006. Information
    regarding any interests that Indus' directors and executive officers
    may have in the merger will be set forth in the proxy statement that
    Indus intends to file with the SEC in connection with the proposed
    merger.