The AMOS software division of Xantic has been acquired from the Dutch telephone group, KPN, by an international group of investors, including members of the previous management. The contract was signed in Amsterdam on May 4, 2005, after negotiations of less than a month. The buyout was led by Giampiero Soncini who said, “We are very happy that AMOS is back with the management that grew the company and understand the AMOS software and the need to develop it and support for the shipowners and managers around the world.” Mr. Soncini will be the company’s new CEO, supported by Stefano Foti as CFO. The company will revert to the original name of SpecTec, which is already widely known.