Acquisition

RNS Number:6174E
CybIT Holdings PLC
29 October 2004



                          CYBIT HOLDINGS PLC ("CYBIT")

               CYBIT ACQUIRES MAPAMOBILE MOBILE LOCATION SERVICE

Cybit Holdings PLC is pleased to announce the extension of its portfolio of
tracking and asset management solutions with the acquisition of the innovative
mapAmobile mobile location service from MI International. The purchase has been
funded by cash and the issue of 2.5 million new shares at 2p per share. The 2.5
million new shares being issued to MI International will rank parri passu with
all other ordinary shares now in issue. Application has been made for these
shares to be admitted to trading on AIM and such admission is expected to occur
on 2 November 2004.

Cybit will add mapAmobile's location services - offered in two variants, a
Corporate Edition launched earlier this year and a Consumer solution offering
discreet monitoring of children and vulnerable people - to its existing range of
fleet and asset management solutions, which already includes Fleetstar-Online -
the company's modular internet-based fleet management solution - and Drive-IT
software for car pool management.

With the Corporate Edition, organisations can locate their mobile workforce,
using the mobile phone network at any time and view their locations on a map at
either local or national levels in seconds. As the service requires no extra
hardware other than a mobile phone or the need to implement a GPS solution, it
is easy to deploy and helps organisations to manage their mobile workforce at a
fraction of the cost of standard GPS tracking systems.

The Consumer solution addresses an important concern among consumers allowing
them to discreetly monitor the whereabouts of children and other vulnerable
people in their care. Subscriptions cost as little as #29.99 per year.
Individuals are required to give their permission before mobiles can be tracked
and they are sent regular SMS messages for peace of mind to confirm their
continued participation.

mapAmobile works on O2, Vodafone, Orange and T-Mobile networks and the Corporate
Edition has already been successfully deployed in some 40 UK organisations -
including a number of public sector organisations. The consumer offering can be
purchased either online, or through retailers such as The Carphone Warehouse.

Richard Horsman, Chief Executive, Cybit, said:

"There is a growing requirement for fleet and asset management services that go
far beyond first generation telematics offerings and we are finding that more
and more UK businesses are seeing location services, such as mapAmobile, as an
opportunity to develop competitive advantage. Cybit will now bring tracking and
asset management solutions to an entirely new group of customers who will now be
able to use standard mobile phone technology to keep track of their mobile
employees and assets without having to make a significant investment in
technology.

Cybit is focused on developing leading telematics solutions and the addition of
mapAmobile to the Cybit portfolio firmly establishes the Company's position as
the only vendor to offer an end-to-end range of telematics-enabled tracking and
asset management solutions."

                                    - ENDS -

For further information, please contact:

David Rydell / Charlotte Kirkham                     Tel: [phone]
Bell Pottinger Corporate & Financial


About Cybit

Cybit is a leading Internet-based Telematics Service Provider (TSP) and supplier
of fleet and asset management solutions to the business-to-business sector.
Cybit's solutions portfolio includes vehicle tracking and management, lone
worker support and car pool management. Hundreds of companies across a wide
range of industries already use Cybit's online solutions to improve the
management and control of their fixed and mobile assets. Additional information
is available at www.cybit.co.uk

Cybit has quickly established itself as the market leader for Internet-based
telematics-enabled fleet management solutions. The latest release of
Fleetstar-Online introduces a unique modular approach to fleet management,
providing customers with access to industry leading technology that was
previously available only to major enterprises. With its next generation
telematics platform, Cybit combines key architecture strengths - such as an
OpenAPI and decoupled technology and application layers - to enable
organisations to easily integrate Cybit telematics technology with their own
applications and bring them to market quickly.

Cybit recently announced a three year strategic partnership agreement with the
UK's largest insurance company, Norwich Union Insurance to launch the industry's
only telematics-enabled fleet insurance product, which will offer businesses
fixed price insurance cover over two or three years and a premium rebate when
key performance indicators are achieved.




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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