History of the Initial Public Offering

Offering

Public offering in Germany and private placements in certain European countries (outside of Germany, the United States, Canada and Japan)

Segment

Official Market (Prime Standard) of the Frankfurt Stock Exchange

Price range

EUR 32.00 to EUR 38.00

Offered shares

A total of up to 1,077,000 ordinary bearer shares with no-par value (no-par shares) with a pro rata share in the registered share capital of EUR 1.00 each

Composition of the offered shares

Up to 714,996 from a capital increase against cash contributions

Up to 221,530 from the holdings of the current shareholders

Over-allotment option (Greenshoe): Up to 140,474 shares from the holdings of the current shareholders (option ends 30 days after the stock exchange listing)

Current registered share capital

1,520,004 shares

Maximum shares in free float after IPO

48.2 percent
(if greenshoe option is fully exercised)

Placement procedure

Decoupled – Book building

Offering period

13 through 14 June 2007

End of subscription period

14 June 2007:

12:00 pm CEST for private investors

5:00 pm CEST for institutional investors

Dividend rights

Full dividend rights for the fiscal year beginning on 1 January 2007

Underwriters

WestLB AG, Sole Lead Manager and Sole Book runner

M.M.Warburg & CO KGaA, Co-Lead Manager

Allotment criteria

The Company, the Selling Shareholder and the Underwriters shall comply with the "Principles for the Allotment of Share Issues to Retail Investors", which was published on 7 June 2000 by the Stock Exchange Expert Commission at the Federal Ministry of Finance

Lock-up agreement and selling restrictions

InVision Software: 6 months

Current shareholders: 24 months (Lock-up)

Designated Sponsors

WestLB AG

Stock identification codes

International Securities Identification Number (ISIN): DE0005859698

Securities Identification number (WKN): 585969

Common Code: 030194381

Stock Exchange Ticker: IVX