Infovide ponders the best way of raising funds for future acquisitions

The final decision whether to carry out an IPO or introduce a strategic investor will be made in Q1 2006. "Up until recently we were developing organically, while investments were financed from profits," said Borys Stokalski, president of Infovide. Currently, the company's management is working on a new three-year strategy and acquisitions form an important element of it. "Market of IT advisory services and consulting is highly fragmented in Poland. This facilitates consolidation," said the CEO. He went on to say that the firm will close the year with revenues of zł.57 million and a net profit of zł.3.5 million. Almost 40% of its revenues are generated by clients from the telecom sector, such as TP SA and Orange and other mobile phone operators. Another 30% is generated from servicing the financial sector. (Parkiet, p. 3) M.M.