Softchoice Corporation Acquires Software Plus



    TORONTO, Dec. 11 /CNW/ - Softchoice Corporation (TSX: SO), a leading
North American provider of technology solutions and services, has taken the
next step in implementing its growth strategy by acquiring Software Plus, the
largest corporate reseller of computer software in the U.S. Midwest and the
industry's ninth largest Microsoft Large Account Reseller (LAR). The
acquisition further strengthens Softchoice's standing as the fifth largest
Microsoft LAR in North America.

    
    Benefits from the transaction include the following:

    -   Brings Softchoice's Microsoft Enterprise Agreement expertise, virtual
        supply chain technology and TechCheck(TM) assessment services to
        Software Plus's customer base;

    -   Expands Softchoice's footprint in the US market with very little
        customer overlap resulting in high levels of synergy;

    -   Broadens Softchoice's customer platform in the U.S. and supports the
        Company's overall strategic plan to grow its market share along three
        dimensions - (1) in both hardware and software sales; (2) in both
        Canada and the U.S. and; (3) across the mid-market, enterprise and
        Public Sector segments.
    

    Under the terms of the agreement Softchoice is paying approximately
US$45 million to acquire Software Plus. On a trailing 12-month basis, Software
Plus's revenues are estimated at approximately US$192 million. Softchoice
expects the transaction will be accretive to shareholder value in 2008.
Funding for the transaction was provided by an extension to Softchoice's
current credit facility.
    "Today is an important milestone in the implementation of our U.S. growth
strategy," said David MacDonald, President and CEO of Softchoice. "As we build
on our success in the small and mid-market and begin moving upstream into the
enterprise space in the U.S., we are delighted to welcome aboard a new team of
sales employees with a well-earned reputation for delivering comprehensive
software licensing solutions to some of North America's most distinguished
corporations. We look forward to serving our new customers with the same
passion and dedication that has made Softchoice one of the industry's leading
organizations."
    Softchoice is the fifth largest Microsoft Large Account Reseller in North
America and the largest provider of Microsoft Enterprise Agreement licensing
based on the number of agreements managed. The Company's growth and success is
due in large measure to its focus on helping organizations maximize the value
of their IT investments. In addition to representation in more than 40 local
markets across Canada and the U.S., the Company offers a number of innovative
services designed to help organizations reduce the cost and complexity of
managing their information technology resources. The acquisition of Software
Plus represents a significant accomplishment in the execution of the Company's
strategic plan to expand its market share in both hardware and software sales
in Canada, the U.S. and in the mid-market, enterprise and public sector
segments.
    Software Plus is Softchoice's fourth acquisition to date and its second
of 2007. On October 12th Softchoice completed the acquisition of the
technology solutions and services divisions of NexInnovations Inc.

    Software Plus Acquisition Conference Call

    Softchoice will be hosting an investor conference call to discuss the
acquisition of Software Plus at 12:30 p.m. EST on Wednesday December 12th,
2007.
    David MacDonald, Softchoice's President and CEO, and Anne Brace,
Softchoice's Chief Financial Officer, will host the call. The call will begin
with a brief presentation followed by a question-and-answer session.

    To participate in the conference:

    Local/international: 416-915-9608
    Toll-Free in North America: 1-866-214-7077

    To listen to the call and view the web presentation:
    http://events.onlinebroadcasting.com/softchoice/120407/index.php.

    To ensure participation, please dial in at least 10 minutes prior to the
start of the conference call at 12:30 p.m. EST.
    For those unable to attend the call, a link will be made available on the
Softchoice web site to an archived web and audio version on
December 13th, 2007.

    About Softchoice

    As one of North America's leading providers of technology solutions and
services, Softchoice helps businesses and organizations of all sizes to
select, acquire and manage their software and hardware technology resources.
Softchoice offers a full range of capabilities, including face-to-face
consultations and IT asset management services designed to help customers save
time, money and risk in IT procurement. In 2006, Softchoice was named Software
Value Added Reseller (VAR) of the Year by VAR Business magazine. Softchoice
currently has 753 employees operating from more than 40 branch offices located
in major cities across the U.S. and Canada.
    Softchoice stock is listed on the Toronto Stock Exchange (TSX) under the
trading symbol "SO". The Common Shares of Softchoice are not registered under
the U.S. Securities Act of 1933 and are not publicly traded in the United
States.

    About Software Plus

    Software Plus, headquartered in St. Louis, Missouri, is the largest
corporate reseller of computer software, software licensing, and accessories
in the U.S. Midwest specializing in value-added services. The company was
founded in 1983 and through the innovative thinking and dedication of its
staff the Company has experienced rapid and consistent sales growth. Software
Plus business development managers are licensed contract resellers for the
industry's leading technology software publishers, including Microsoft, Adobe,
Attachmate, Symantec, McAfee, Corel, Novell and IBM. Through industry
partnerships and regional sales teams, Software Plus serves businesses and
corporations of all sizes throughout North America, including educational and
governmental institutions.

    Forward-looking Statements

    This press release contains forward-looking statements that involve risks
and uncertainties. These forward-looking statements relate to, among other
things, plans and timing for the introduction and enhancement of our services,
and other expectations, intentions and plans contained in this press release
that are not historical fact. When used in this press release, the words
"anticipate," "expect" and similar expressions generally identify
forward-looking statements. These statements reflect our current expectations
and are subject to a number of risks and uncertainties including, but not
limited to, our ability to integrate the business of Software Plus with our
own, including the ability to maintain its customers, the ability to eliminate
costs, and changes in technology and general market conditions, many of which
are set out or incorporated by reference in the Company's latest Annual
Information Form. Due to the many risks and uncertainties, Softchoice cannot
assure that the forward-looking statements contained in this press release
will be realized.





For further information:

For further information: Anne Brace, Chief Financial Officer, Softchoice
Corporation, (416) 588-9986, investor_relations@softchoice.com; Eric Gardiner,
Softchoice Corporation, (416) 588-9002 x2358, Contact Softchoice Corporate
Communications

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Softchoice Corporation

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