update plans acquisition in Western Europe

Ad-hoc release according to §15 WpHG

strategic decision / M&A
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Vienna, Frankfurt, February 01, 2007 +++ The members of the supervisory board of update software AG, listed on the Frankfurt Stock Exchange and a leading vendor of customer relationship management (CRM) solutions, decided unanimously on the planned acquisition of a Western European CRM vendor at today’s supervisory board meeting. The board of management has been authorized to step into concrete negotiations with the target company.

IR contact:
Jochen Zemroser
update software AG
Operngasse 17-21
A-1040 Vienna, Austria
Tel.: +43 1 878 55 512
Fax: +43 1 878 55 505
Jochen.Zemroser@update.com
www.update.com
This is a translation from German into English.