A rapidly growing provider of modern IT outsourcing for renowned global companies, Transition Technologies MS, announces its intention to conduct an initial public offering of shares. The offering will cover up to 2,400,000 newly issued shares of the company. As part of the Offer, TTMS plans to apply for admission and introduction of the existing shares to trading on the main market of the Warsaw Stock Exchange.
"The IT services market is an extremely dynamically developing market, characterized by a constantly growing demand, which is supported by the global trend of digitization. The demand for IT specialists is growing all over the world, and thus the potential for development and further expansion of TTMS abroad is also growing. Pandemic and popularization of remote work resulted in an increase in expenditure on digitization of processes and an increase in the popularity of IT outsourcing," Sebastian Sokołowski, President of the Management Board of TTMS, said.
"Our clients are primarily international companies, often world leaders in their industries, with whom we work on the basis of long-term framework agreements, often serving them on several continents. The existing market trend gives us great opportunities to accelerate the development of our company," he added.