Comp looks to the IT security market for growth

"We think that this segment of the IT market will develop most dynamically. We had two choices for development: become a distributor, or offer our own software," said Robert Tomaszewski, the chairman of Comp's supervisory board. The latter scenario was chosen and Comp began acquiring smaller niche oriented entities. At first, the group will take over Enigma Systemy Ochrony Informacji, and will pay zł.6 million for a 100% stake. The funds used for this acquisition came from a public offering conducted in December last year. Enigma specializes in software for ciphering e-mail messages and files as well as creating cryptographic databases. In 2004 the company had revenues of zł.3.5 million and a profit of zł.0.9 million. Comp representatives plan another acquisition later this month of a company with a similar profile to that of Enigma. During Q3 this year a third, a larger takeover is planned, the funds for which will be raised from another share issue. (Puls Biznesu, pp. 1, 10) A.K.