Enea acquires ZealCore Embedded Solutions

ZealCore products complements Enea's tools offering with new functionality for system debugging and enhanced graphical overview.

Enea has acquired the Swedish software company ZealCore Embedded Solutions, enhancing its competitive tools offering and gaining valuable patented technology.

ZealCore is the second technology acquisition in a short time period for Enea.

ZealCore is well-known for its debugging system, a software package for accelerated troubleshooting of embedded software systems.

The code is patented and features a black box functionality for CPU-system, tracing and tracking bugs.

The debugger, record and playback technology is used in the development of embedded solutions for trains, telecomms platforms and industrial automation.

ZealCore products complements Enea's tools offering with new functionality for system debugging and enhanced graphical overview; applications that show an increased demand from the embedded industry.

The investment is in line with Enea's long term strategy to offer complete integrated solutions with software, services and third part products for embedded systems.

"ZealCore is Swedish state of the art technology", said Johan Wall, President and CEO, Enea.

"The products complement and increase the value of our own tools offering".

"ZealCore is a strategic acquisition as embedded systems show a growing need for tools".

"Tools provide a more efficient systems development as they reduce development time and costs".

"This is wholly in line with Enea's overall market offering".

ZealCore has five employees.

Projected net sales for 2008 are SEK 5.5 million (Eur 0.6 million).

Customers are market leaders within telecom, transportation and industry automation, like ABB and Bombardier.

"Enea has 40 years of embedded leadership", said Henrik Thane, founder, ZealCore.

"Enea has a solid telecomms customer base that has a growing need for debugging software".

"Together we create a powerful and competitive tools offering".

Enea has acquired all shares in ZealCore for an undisclosed amount.

An additional payment based on ZealCore's sales performance 2008 will take place.

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