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Acquistion of leading wireless messaging software developer strengthens Netstore's core messaging business


Netstore plc ("Netstore") and RedRock Software plc ("RedRock") today announced that an agreement has been made by Netstore plc, a company quoted on the London Stock Exchange, to acquire RedRock, a leading software developer of communications and messaging software solutions.

The acquisition will provide the opportunity to broaden the range of services on offer to the customer base of Netstore. Netstore also plans to continue to develop RedRock's Intellectual Property (IP) to take advantage of further opportunities provided by wireless messaging solutions in the corporate market.

RedRock's wireless messaging solutions has been developed for businesses to take advantage of LAN to mobile connectivity, enabling users to send and receive SMS messages from their IT systems. For example, Netstore has integrated RedRock's TextNow software into its E2000 messaging service so that users can mail to and receive text messages from mobile phones. Netstore has already sold this service to some of its existing customers.

Stephen Anderson, Managing Director of RedRock Software plc said, "The acquisition will enable the accelerated development of the software solutions business of both Netstore and RedRock and offer RedRock enhanced resources and financial stability. The combination of both companies will create complementary service offerings and create a significantly raised joint profile as a leading solutions provider."

Paul Barry-Walsh, Chairman of Netstore plc said; "The offer of RedRock arose out of our strategic review of Netstore's business and RedRock met all of our acquisition criteria in that it is well run, breakeven and delivers IP complimentary to our core messaging service, E2000. We have yet to even scratch the surface of the opportunity for SMS in the corporate market, especially when embedded in our first class messaging service."

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About Netstore plc:

Founded in 1996, Netstore is Europe's leading Application Service Provider (ASP), offering software as a service on a multi-tenancy basis (a central infrastructure shared between many users across many customers) and delivering its services on a predictable pay-per-seat basis via the Internet. Netstore's ASP services provide businesses with the flexibility to access the software and support services they require, on a subscription basis.

Netstore is one of the first Microsoft Certified ASP Partners in the world and the only Microsoft Gold Accredited Partner in the UK. Netstore was the first ASP to achieve a London Stock Exchange listing.

Netstore currently delivers fully scalable, reliable and secure services including Microsoft Exchange 2000, mobile access to Exchange 2000 (MAX2000), On-line Backup and mobile access to On-line Backup, iRoam. Netstore complements these services with a portfolio of Professional Services offering migration, training, implementation and project management to over 32,000 business users including Cisco Systems, Avon, BT, NTL, NatWest Bank, Axon, Go-Fly, EMR and John Laing plc.

Netstore is headquartered in Bracknell, UK.

For more information, visit Netstore at http://www.netstore.net

Or contact:

Sarah Rowlands
Netstore plc
Tel: 01344 444 324
E: sarah.rowlands@netstore.net


About RedRock Software plc:

RedRock Software plc - An OFEX traded company is a leading developer of communications & messaging software, incorporating wireless messaging, Internet connectivity and fax messaging. Headquartered in United Kingdom - with international offices in New York, Amsterdam and Madrid, RedRock software is sold and supported in over 40 countries. RedRock's customers include many of the largest and most respected companies world-wide.

Digital images are available from RedRock Software plc


For further information please contact:

Sara-Jane Johnson
RedRock Software plc
tel: 01908 246400
fax: 01908 354220
email: sara-jane.johnson@redrock.co.uk


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