Scientia AB and Pythagoras International Ltd has got new owners

On 11th June 2014, Scientia Resource Management (SRM) transferred 100% of its shareholding in Scientia AB and Pythagoras International Ltd to the management of Scientia AB who were employee shareholders of SRM, under a management buy out.

The new owners will operate under the trade name Pythagoras Systems AB and maintain the same staff and office locations therefore assuring you of continuity in service. Pythagoras will continue to be represented in Sweden through Scientia AB company number 556523-3128, in UK through Pythagoras international Ltd and in Norway through a partnership with Evcon AS.

SRM and Pythagoras Systems AB will continue their partnership under a mutual reseller agreement, and will be able to market each other’s product and services.

This represents a great opportunity for both organizations to focus and continue delivering value for money services as well as sustained product innovation to our customers.

The new owners have a strong belief in the future as they see an increasing interest in existing products and services, and in specific the new mobile applications in the FM and real estate industry.

If you have any queries, please contact:

For property management suite of products and services

Peter Andersson, MD, Pythagoras International Ltd - Tel: +46 (0)8 795 24 34

For suite of scheduling products and services

Tim Porter, Global Business Development and Marketing Director - Tel: +44 1223 884949

Yours Sincerely,

Mohamad Djahanbakhsh

Group CEO

Scientia Resource Management Ltd.