Integration IPO

IT-systems integrator Wola Info has submitted its prospectus to Polish Financial Supervision Authority (KNF) and is waiting for a green light to carry out its IPO. "We are one of the last integration-services providers that isn't a public company yet," Wola Info's president, Piotr Majcherkiewicz, said. "We need resources that could further drive our dynamic growth and strengthen our position on the market," he added.

The president added that by "growth," he meant expansion of the firm's product range as well as for possible acquisitions. "We are not ruling out acquisitions, but we are talking about companies with their own software solutions," Majcherkiewicz said.

Wola Info's president was enigmatic about the details of the planned debut. He said that he would like the company to be listed "as soon as possible," but that everything depended on prospecus approval. "We would like to get a few tens of millions złoty from the IPO," he said.

The company provides IT solutions mainly for the telecom and financial sectors, but expects growing demand from the public-utilities and administration markets. "On the utilities market we look forward to the opening up of the energy market ... while in the administration sector we are counting more on local governments rather than [national-level] public administration," Majcherkiewicz explained.

The company's revenue last year amounted to zł.150 million, on par with its 2005 results. Net profit in 2006 reached zł.7 million, an increase of 13 percent y-o-y.