Prokom income set to rocket thanks to confirmation of computer contract

The management of Poland's largest insurer, PZU, has decided to accept a recently negotiated offer to receive a computer network system and service support from Prokom. The contract, which is to last for the next three years, is worth around zl. 300 million. In the first year of servicing PZU, the Gdynia-based company's revenue from PZU will double, and in the second and third year it is to grow three times as much as the insurer has been paying for the past two and a half years. Prokom will receive quarterly payments of zl. 16 million, (excluding VAT), and not as until now zl. 8 million. In the second and third year the quarterly payments are to increase to almost zl. 23 million. It is unclear why PZU has chosen to sign such an agreement as recently it was seriously considering cutting the value of the contract. The deal covers service and support of PZU's two most important computer systems: Insurer, which deals with vehicle insurance policies and FKX, which is a financial and accounting system. Both system were prepared by Prokom especially for the insurance company. (Rzeczpospolita, p. B1) A.K.