Qumak with new investors

A group of allied shareholders acquired a 5.59 percent stake in WSE-listed IT group Qumak, the company said in a market filing. The group includes IT company IT Works and its owners Euvic Investments, Euvic Services, Wojciech Wolny, Wojciech Kosiński, Zbigniew Ciukaj and Iwona Kudra. The group said that it is open to discuss various possible means of cooperation with other investors. “The Euvic Technology Group will support Qumak with their experience, contacts, competencies, or sales network. We are excited and look forward to the general meeting of shareholders. We sincerely believe that, despite the temporary problems, with a little help, the company with such a large portfolio of orders, with such an interesting offer and many years of tradition, must return to the path of development,” Kosiński said.