TietoEnator Corporation and AttentiV Systems Group plc have agreed the terms of a cash offer to be made by TietoEnator for the entire issued and to be issued share capital of AttentiV. AttentiV is an experienced provider of software solutions and associated services to the financial service sector in the UK and is listed on AIM (Alternative Investment Market).

TietoEnator intends to offer 71 pence for each AttentiV share, making a total offer value of approximately £46.6 million (around 67.9 MEUR). The directors of AttentiV intend unanimously to recommend that AttentiV shareholders accept the offer.The proposed transaction forms a part of TietoEnator’s strategy of expanding its Banking & Insurance business globally. This business has several customers among the top-tier UK banks, but does not currently have a significant local presence in the UK. The acquisition will give TietoEnator this presence along with the opportunity to build upon AttentiV’s valued customer base. As AttentiV’s products and TietoEnator’s global banking solutions are to a large extent complementary, the combination of the two businesses will create a highly attractive offering to the entire UK banking industry.