Brady Corporation Announces Divestiture of Its Global Teklynx Software Business

Brady Corporation (NYSE:BRC), a world leader in identification solutions, announced today that it has sold its Teklynx software business. Teklynx, a barcode labeling software company with annual revenues of approximately $10 million, is headquartered in Auch, France. Its primary products include Codesoft, Sentinel, Labelview and Labelmatrix software. Details of the transaction were not disclosed.

“The divestiture of Teklynx is in keeping with our long-term growth strategy to focus our energies and resources on growing our core business,” said Brady President and Chief Executive Officer, Frank M. Jaehnert. “We will continue to offer the Teklynx range of barcode software products to our customers.”

Brady Corporation is an international manufacturer and marketer of complete solutions that identify and protect premises, products and people. Its products help customers increase safety, security, productivity and performance and include high-performance labels and signs, safety devices, printing systems and software, and precision die-cut materials. Founded in 1914, the company has more than one million customers in electronics, telecommunications, manufacturing, electrical, construction, education, medical and a variety of other industries. Brady is headquartered in Milwaukee, Wisconsin and employs approximately 6,600 people at operations in the Americas, Europe and Asia-Pacific. Brady’s fiscal 2010 sales were approximately $1.26 billion. Brady stock trades on the New York Stock Exchange under the symbol BRC. More information is available on the Internet at www.bradycorp.com.

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