Veracomp S.A. completes preparations for ambitious foreign expansion

Veracomp S.A., a significant countrywide distributor of IT products, plans to expand into sixteen countries in the Central and Eastern European region next year as well as eight other foreign markets farther afield. According to Veracomp President Adam Rudowski, "the company has finished preparing to enter new markets. It has extended distribution contracts with, among others, Nokia Internet Communications, Lucent Technologies, F-Secure and Adaptec. It has created an organization to service foreign markets, including a logistics center in the US." Last year the company's revenues exceeded zl. 164 million while this year it recorded a 20% increase in turnover. At the same time, Veracomp announced that it wants to postpone its IPO due to low appraisals of the sector on global markets. (Rzeczpospolita, p. B3; Parkiet, p. 3) P.W.