Warsaw (Puls Biznesu) - Computerland (CL), Poland's listed IT company, has acquired the rights to the so called "Urzad" system and the employees of Efekt Software. The transaction, whose value has not been revealed, will allow CL to get 50 clients from among local authorities. The company estimates that the market will grow to PLN 200m (EUR 49.7m) within 2-3 years. It will be mainly possible thanks to EU funds. "We want this market to constitute substantial percentage of our sales within upcoming years, the same as has happened with such branches as utilities or telecommunication", Michal Danielewski, CL CEO said.
"This is a niche acquisition but with great opportunities in the future. Because of the possibility of using EU funds, the market may grow. Let's hope the investment will bring new contracts", Przemyslaw Sawala-Uryasz, CAIB analyst commented. CL is currently preparing an IT project worth PLN 17m for the municipal authorities in Lodz, central Poland. Recently, CL has acquired several other niche companies, including Geomar, Centrum Informatyzacji Energetyki. Its main rival - Prokom - has recently bought big listed companies: Softbank, ABG Ster-Projekt and Spin-Telmax. Yesterday, the market has not reacted to the news concerning the new acquisition. Shares rose 0.1 percent to PLN 97.
(PLN 1 = EUR 0.249)
Poland/Enterprises/IT
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