Vancouver, B.C., Canada —Vivonet Inc. (www.vivonet.com), a Seattle-based software company, announced today that it has acquired Kirmac Information Technologies Inc. from I.K.M. Holdings Ltd. for an undisclosed amount of cash and shares. This strategic acquisition gives Vivonet Inc. full ownership and control of Autoprise, Inc., a software development company that provides leading management solutions to the collision repair industry.

“The acquisition of 100% of Autoprise Inc. is advantageous on many fronts, and will provide both our customers and shareholders with increased value,” said Ryan Volberg, President and CEO Vivonet, Inc. “Autoprise customers already enjoy the efficiency and customer service benefits of Vivonet’s Frameworks technologies in their Solo, Unity and Reveal products. From an operational perspective, both Vivonet and Autoprise will benefit from combined infrastructure, operational efficiencies and the advantages of a common technology platform. Autoprise has achieved very strong quarter over quarter revenue growth and this acquisition will allow Autoprise to continue along this path while completing Vivonet’s strategy to be active in two complimentary vertical industries”.

Positioning the company as the “Technology Partner to the Collision Repair Industry,” Autoprise, Inc. provides traditional and Internet-based shop management systems for single- and multiple-site operations, data warehousing solutions and business intelligence products. To complement these products, Autoprise offers a full range of system life-cycle services including initial system planning and design, help desk, professional services, application hosting, and implementation services. For more information on Autoprise products or services phone 1- 877-828-8677 (North America) or visit the Autoprise, Inc. web site at www.autoprise.com.

About Vivonet Inc.
Vivonet Inc. was founded in 1999, and has developed internet-based products specifically for the hospitality industry. Vivonet’s Frameworks technology, which is at the core of the Halo restaurant solution, serves as a foundation for rapid migration from dependence on a physical paper-and-people-intensive environment allowing easy transition to real-time business. Vivonet also sells Frameworks-based enterprise solutions for the automotive collision repair industry through its wholly owned subsidiary Autoprise, Inc.

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