AMOS Software Group Sold

Monday, May 09, 2005

Pictured are, left to right Giampiero Soncini (CEO), Nicola Scopsi (Legal Advisor on the Purchasing team), Stefano Foti (CFO) and Paul Ashton (VP, Northern Europe)

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. The management team includes Giampiero Soncini and Paul Ashton who rejoin the organization as well as Mike Becker, Lionel John, Gosta Algelin and Gunnar Hilsen. The company has almost 180 personnel and an annual turnover of $20 million. There are offices in Italy, Norway, Sweden, Netherlands, Singapore, Russia, Cyprus, United Arab Emirates, Hong Kong, United Kingdom and the United States.

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