Asseco and Prokom Software to merge by March next year

Asseco will pay zł.580 million for Prokom's shares, while Prokom Investments will have to cover its obligations of zł.180 million towards Prokom Software by the end of 2008. "We shall prove, within a few months, that Prokom is worth this price. We shall be the seventh largest company in Europe," said Adam Góral, president of Asseco and the CEO of the new entity. In exchange for its shares, Asseco will take over all property of Prokom and for the time being the exchange parity was set at 1.82 merger share for one share of Prokom. The merged companies will create an IT giant with capitalization of over zł.5 billion and strong market standing in the public and banking sectors.