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Bull acquires specialist human resources IT services company HRBC

Bull Management Division strengthens its leadership in ERP integration, and further enhances its presence in the market for high added value services

Paris, April  26, 2006 -

Bull today announces that it has acquired HRBC (Human Resources Business Consulting), an IT services company specializing in information systems for Human Resources (HR), a field where it provides both consulting and systems integration services.

With revenues of €4 million in 2005, more than 30 employees and an ambition to double its turnover in just three years, HRBC is renowned for its functional expertise as well as its in-depth knowledge of the main solutions on the market today, including HR Access, PeopleSoft and SAP. HRBC - which operates principally in France, in Switzerland and Morocco - has focused on this area since 2002 and has built up a strong portfolio of customers in leading organizations.

The acquisition will enable Bull to strengthen its expertise with rare and highly demanded resources as well as to capitalize on the strong synergies between its own offerings and those of HRBC, and further strengthen its presence in the market for high added value services in targeted markets. In addition, the teams of HRBC will join Bull Management which will represent more than 400 consultants as of the 2nd half of 2006.

"This acquisition further underpins Bull's momentum in the fast-growing market for HR information systems - in industry and the public sector - which has seen a 15% increase year on year," confirms Michel Husson, Director of Bull Management. "This is also one of the Group's key areas for strategic development, and HRBC's expertise perfectly complements Bull's offerings in this functional area. It enables us to offer our customers a comprehensive solution for their business needs."

"Today, HRBC is making a major leap forward in its development," adds Saad Oudrhiri, Chairman and Chief Executive Officer of HRBC, and the company's founder. "Becoming part of Bull not only gives us a new, international dimension to our offering but also gives us much greater access to the most important prospects in the marketplace."

An agreement has been concluded between Bull and Saad Oudrhiri, representing all the capital of the Company, for the sale of all HRBC shares. The transaction will be finalized by the end of April 2006.

About Bull, Architect of an Open World

As one of the leading European IT companies, Bull delivers open, flexible and secure information systems. The group helps public and private sector customers transform their information systems, applying its know-how and expertise in three main areas:

  • Capitalizing on its extensive mainframe experience, Bull designs and produces robust, innovative and open servers, based on industry-standard technologies;

  • Building on its alliances with leading ISVs and long-standing involvement with Open Source, Bull develops and implements flexible and interoperable application infrastructures which give business processes the freedom to evolve;

  • Bringing together recognized expertise in end-to-end IT security, Bull secures data and exchanges that are so critical in preserving customers' business integrity.

Bull has a particularly strong presence in the public, healthcare, finance, telecommunications, manufacturing and defense sectors. Its distribution network and business partners cover more than 100 countries worldwide.

For more information visit: http://www.bull.com

Investor Relations:

Patrick Massoni - Tel : 01 30 80 32 36 - patrick.massoni@bull.net

Aurélie Negro
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E-mail: aurelie.negro@bull.net

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