R22 files IPO prospectus

Software group R22 has filed an IPO prospectus to the Financial Supervision Authority (KNF) and hopes to debut on the Warsaw Stock Exchange by the end of this year. “The last few years have been very good for R22, both in terms of expansion through acquisitions and earnings growth. We will continue to pursue our strategy of further market consolidation through acquisitions and the development of our products and services to enhance our competitiveness,” company’s CEO Jakub Dwernicki said. Over the past few year, R22 spent over PLN 60 million on acquisitions of hosting companies, domain registration providers, e-marketing and performance marketing firms. R22 is focused on the scalable services offered in the subscription model and SaaS (Software as a Service) model, operating throughout the value chain - from the creation of their own solutions to complex sales and customer service.