Asseco furthers development plans with acquisition of software firm WA-PRO

The IT sector company has taken over 70% of the shares in WA-PRO, a company specializing in business software. The value of the transaction was zł.13.3 million. This is the second acquisition Asseco has managed to finalize this year, after taking control of 96% of Softlab for zł.29.5 million. "Our presence as part of the Asseco group is an opportunity for us to develop more dynamically. We will be capable of reaching new groups of customers, increasing our financial backup as well as preparing joint projects," said WA-PRO's president, Wojciech Frysztak. For the past three years, the acquired company has been developing at a pace of 20% annually. The plans for 2005 envisaged revenues of zł.10 million and a gross profit of almost zł.2 million. (Puls Biznesu, p. 10) A.K.