Locked content Asseco Poland signs two deals with ZUS

Asseco Poland signed a framework agreement with the Social Security Fund ZUS for a total value of about PLN 350 million gross. The agreement is for modification and development of the Comprehensive IT System (KSI). The company also signed another agreement with ZUS on modification of KSI ZUS in acco...

Locked content Asseco Poland is working on ‘direct entry’ onto the US market

WSE-listed IT company Asseco is working on a “direct entry” to the US market, the firm CEO Adam Góral said. “We are very interested in the US market, we do everything to enter it directly from Poland. I would not talk about it if we were not working on it. Of course, it takes time,…

Locked content Asseco Poland Q1 profit drops

WSE-listed IT group Asseco Poland posted PLN 60.9 million attributable net profit in Q1, a 7 percent y/y decline. Revenues amounted to PLN 2.06 billion (12.1 percent y/y increase), while EBITDA dropped by 4.5 percent y/y to PLN 246.3 million. In revenues, sale of software and services increased by 1...

Locked content Asseco Poland sells shares in Asseco CE subsidiary

WSE-listed IT giant Asseco Poland sold 6.51 percent of its shares in Asseco Central Europe subsidiary to a group of Asseco CE managers for PLN 32.7 million in eight installments payable by May 31, 2023, the company said in a market filing. Price per share was set at PLN 23.50 apiece. Both sides of t...

Locked content Asseco sells 51% stake in Russian unit for $17.5 mln

WSE-listed IT group Asseco sold 51 percent of shares in its Russian subsidiary R-Style Softlab to three individuals for PLN 71 million. “Under the agreement, both put and call options have been included. Maximum period to execute the put option has been set for five years, while the call option peri...

Locked content Asseco’s Sapiens expects $270-280 mln revenues in 2017

IT company Sapiens, Israeli unit of WSE-listed Asseco Poland, eyes generating $270-280 million revenues and 13 percent operating margin this year, the company said in a market filing. The estimate takes into account the effect of the recent takeover over of US IT firm Stone River. The transaction wa...

Locked content Asseco gets a PLN 41.2 mln contract from ZUS

A unit of Eastern Europe’s largest software producer Asseco, Dahliamatic, along with Enegeve signed a contract with the Polish Social Insurance Board (ZUS) for software support and servicing, the companies announced in a statement. The value of the agreement amounts to PLN 41.2 million (gross)...