Delft, the Netherlands (June 17, 2003) -- Netherlands-based Exact Software wants to acquire Softline Ltd., the South African parent of the developers of North American business software applications, AcccountMate and BusinessVisiion.

Exact said that it and Ivan Ferrer, a minority shareholder of Softline, plan to make an offer to acquire a majority stake in Softline pending the results of due diligence on the deal. Ferrer is the founder of Pastel Software, a low-cost, small business accounting software developer Softline acquired in 1999; Exact is best known in North America as the parent of the former Macola Software, an enterprise resource planning software developer, which it acquired in 1999 and renamed Exact Software North America.

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