Bricsnet Sells Engineering Software Subsidiary, BuildSoft


Gent, Belgium, December 3, 2001 -- Bricsnet [Nasdaq Europe:BSNT], the global provider of integrated software technology and services to real estate organizations, today announced a management buyout of subsidiary company, BuildSoft. The buyout underscores Bricsnet's strategy to intensify its focus on the real estate and facility management market. The cash transaction value is not being released.

Founded in 1989 by Geert Goossens and Werner Victoor, BuildSoft is a 100% subsidiary of Bricsnet with 5 employees, and headquartered in Merelbeke (Gent), Belgium. Its products are designed to calculate stresses and deformations in buildings and structures to ensure that official safety regulations for strength and stability are satisfied. BuildSoft products are currently being used by over 600 organizations, including engineering offices, constructors and architects. Bricsnet will retain some rights on the technologies.

About Bricsnet
Bricsnet (Nasdaq Europe: BSNT) is a global provider of integrated software technology and services to real estate organizations. Its flagship product, Building|Center, provides a unified platform for management and decision-making across capital projects, operations and maintenance, as well as property and lease portfolios. Bricsnet supports major industries around the world where efficient management and smart decision-making in real estate and property assets are critical. Bricsnet maintains corporate headquarters in Portsmouth, NH and Gent, Belgium.

Contact:
Michel Vander Eecken
Bricsnet
Tel: +32 9 2440100
Email Contact



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