Ster-Project plans to become major IT player with zl 500 million revenue

IT integrator Ster-Projekt yesterday unveiled its new three year strategy. The company wants to increase its operating margin from 1.2% to 7% and have at least zl. 500 million revenue in 2005. Ster-Projekt will focus on four main areas; banking, telecommunication, administration and industry. "We plan to become the third largest domestic integrator in three of these sectors," announced company president Piotr Smolski. The integrator hopes to increase its margin through raising its service share from 33% to 50% of its total revenue. The partnership is planning to remain a leader in creating IT infrastructure for companies and gain a leading position in providing management support applications. "We plan to achieve growth partially through mergers and acquisitions. We are already interested taking over several companies," underlined Smolski. Ster-Projekt will issue shares in order to help raise the necessary capital, but he did not reveal the value or date of such moves. (Parkiet, p. 6) M.M.