Acquisitions make Asseco Poland a leading ERP player

Thanks to this acquisition Asseco Poland managed to become one of the leading players on the domestic ERP market, which was valued at $135 million in 2004. According to analysts, the sector continues to grow at an annual pace of around 20%, which is twice the speed of the whole IT market. The leaders in the segment remain global companies, namely SAP and Oracle, which concentrate on servicing the largest corporations. Asseco Poland, which was formerly known as Comp Rzeszów, had to increase its capital by 400,000 shares last year and raise zł.47 million in order to carry out this transaction. The raised funds were to be earmarked for two acquisitions, the second of which will be finalized in the coming few weeks.(Parkiet, p. 1) A.K.