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Denmark Konrad Meier becomes second Executive Board member of TDS AG

March 19, 2009

TDS AG has appointed Konrad Meier as the second Executive Board member. In his new role, he will be responsible for the IT Outsourcing segment, as well as HR, purchase and internal IT at TDS. Dr. Heiner Diefenbach, Chairman of the Executive Board, is in charge of the IT Consulting and HR Services & Solutions segments, as well as all other administrative functions.

Konrad Meier will be able to apply his extensive management experience in his new position. His experience includes his role as head of IT Outsourcing at TDS since 2005, as well as positions at other IT companies. At EDS Operations Services GmbH, the qualified telecommunications engineer was responsible for planning and executing all outsourcing projects. He has also held various management roles at Debis Systemhaus GmbH.

“We are pleased that we have been able to fill the position with an internal candidate with many years’ management experience and comprehensive skills,” explains Yves Le Gélard, Chairman of the Supervisory Board and General Manager of Fujitsu Services Continental Europe.

Konrad Meier considers his main task to be the ongoing expansion of IT Outsourcing operations. “We want to continue to deliver services from our German locations. By working closely with Fujitsu Services, we can support our customers’ projects worldwide. By the same token, Fujitsu Services’ international customers will continue to benefit from on-site advice and assistance,” says Meier. “The key to our success is our highly skilled and dedicated staff.”

A photo of Konrad Meier is available at:

About TDS AG

TDS offers IT outsourcing, IT consulting and HR services to mid-sized enterprises and major corporations. The company, founded in 1975, operates predominantly in the German, Austrian and Swiss markets. TDS offers highly tailored solutions in all areas of IT outsourcing – from selected applications to entire IT infrastructures, and with an emphasis on the SAP space. The IT consulting segment provides advice on SAP and Enterprise Content Management (ECM) systems. As a long-standing SAP expert, TDS has in-depth knowledge of the SAP portfolio. The HR services and solutions segment enables companies to outsource individual HR tasks or entire HR processes. TDS handles over 750,000 payroll transactions every month, making it Germany's market leader. Furthermore, companies deploying TDS Personal HR software handle a million payroll transactions. TDS also develops and markets software solutions for financial accounting and not-for-profit organizations, in particular charities, church institutions and local-government agencies. Currently, TDS employs more than 1,000 staff, and in 2007 posted revenues of approximately 106 million euros. In early 2007, TDS was acquired by Fujitsu, one of the world’s four largest providers of IT services. Fujitsu’s portfolio includes software and hardware solutions, as well as diverse services for a wide range of industries and applications. Fujitsu posted revenues of approx. 33 billion euros in fiscal 2007/08, and has a workforce of over 160,000 staff in 70 countries.

Heiko Hambrock

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Date: 19 March, 2009