Mamut’s future still in doubt

Mystery still surrounds the future of software company Mamut after the
business failed to meet a self-imposed deadline to reveal whether it could be

The company announced in February its negotiations with third parties would
be concluded by the end of March but Mamut has extended the deadline into the
foreseeable future.

Following interest in potentially buying Mamut, a spokesman said it started a
strategic process towards the end of last year. He added: ‘The company expected
that the strategic process will be concluded in March 2009. The process has
taken more time than earlier anticipated. The board is now in the final phase of
discussions with multiple parties.’

Mamut appointed financial advisers ABG Sundal Collier ASA and mergers and
acquisition specialists Jefferies International in the last quarter of 2008.

continues double digit growth

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