Pangora Streamlines its Management Structure


KARLSRUHE, Germany and LONDON, April 27 /PRNewswire/ --     Pangora GmbH, the supplier of online marketplace technologies, is to
combine its previous six business divisions into three segments: Portals &
Brands, Shops & Content and Innovation &Technology. As a result, the board of
management will be scaled down from six to three executives and this will be
accompanied by a reduction in staff numbers. In doing so, Pangora will be
streamlining its entire organisational structure. Robin Schönbeck remains as
Managing Director of the German-based technology company.

During the course of the management reorganisation a number of staff
positions will be eliminated. Affected are 16 employees in the Karlsruhe and
London offices. The London office will be closed with its operations being
conducted in future from Karlsruhe. The entire structure of the organisation
will be trimmed down as a result of these measures. Due to the merging of
functions within the company processes and decision-making will become
leaner.

"Restructuring the company will allow us to react with more drive in our
competitive environment", says Robin Schönbeck, Managing Director of Pangora
GmbH. "With our centralisation strategy we will be able to benefit in the
future from greater synergy."

About Pangora

Pangora, the supplier of online marketplace technologies, offers target
group specific solutions for portal operators and online shops with the goal
of generating e-commerce sales. Pangora technologies process and combine
millions of pieces of product data from over 4000 retailers in Europe.
Pangora's product search and price comparison technologies have already
received numerous national and international awards. Among the 70 or more
portal clients throughout Europe are household names such as T-Online,
Freenet, Payback, PC-Welt.de and Testberichte.de. In addition to this,
Pangora operates decido (www.decido.de): a portal for aiding purchasing
decisions. Pangora employs 80 members of staff worldwide.

For further information please contact:

    Vaubel Medienberatung GmbH
    Vera Vaubel
    Gumppenbergstr. 6
    D-81679 Munich
    Germany
    phone +49-89-981-039-87
    fax   +49-89-981-039-88
    medienberatung@vaubel.de
    http://www.vaubel.de

    Pangora GmbH
    Kirsten Drössel
    Neureuter Strasse 37a
    D-76185 Karlsruhe
    Germany
    phone +49-721-602-900-900
    fax   +49-721-602-900-123
    kirsten.droessel@pangora.com
    http://www.pangora.com

© PR Newswire Association LLC.

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