Enterprise Investors to invest $100 million in IT market
Enterprise vice-president Zygmunt Grajkowski said that the investment will be possible if at least half of their active projects are complete within two years. Grajkowski noted that Enterprise invests for 3-7 years in firms from which they expect a 10% return annually. ÇThe best firms are the profitable ones, but it [profitability] is not a requirement since in some areas losses are normal in the first few years of operation,{ said Enterprise vice-president Dariusz Pronczuk. According to Pronczuk, Polands IT market is worth about $2 billion and is divided among 4,000-5,000 firms operating in several subgroups. Currently Enterprise Investors manages the Polish-American Entrepreneurship Fund, the Polish Private Capital Fund and the Polish Entrepreneurship Fund. (Rzeczpospolita, page 12)
