Asseco anounces plans to become one of the top five ERP providers

In the near future the company is intending to aggressively attack the ERP market, while until recently it has been focusing on servicing banks and financial institutions. "We will purchase two companies, thanks to which we will become one of the top five providers of ERP in Poland," said Adam Góral, president of Asseco Poland. The cost of the acquisitions will be slightly over zł.40 million and the acquired ventures will post total net profits of zł.4.5 million on revenues of zł.28 million. "Our largest shareholders were positive about our investment plans and thus we should have no problem with floating the stock," said Góral. Asseco Slovakia is set to debut on the Warsaw bourse in H1 2006, while the proceeds will be designated for acquisitions in the Czech Republic. (Parkiet, p. 4) M.M.