Sygnity, an IT giant founded in the merger of Computerland and Emax, will soon have its management changed. According to “PB” sources, it will have a new CEO and probably a new deputy CEO. Soon, an IT company will become investor in Sygnity.
“Negotiations are going on”, “PB” source said.
The investor will appear after Sygnity’s value is increased. Negotiations are held by BB Investment, one of Sygnity biggest shareholders.
“I know nothing about it”, Piotr Kardach, Sygnity deputy CEO said.
“We are not holding any negotiations concerning this issue”, Pawel Turno, Sygnity member of the supervisory board from BB Investment said.
Sygnity has been a disappointment so far. Before the merger, both Emax and CL were praised by analysts who appreciated their managements, results, client bases and offers. After the merger, the company published results which were below expectations. In result, the company is twice cheaper than Prokom, Poland’s IT giant although Computerland was believed to be Poland’s second largest IT company. Asseco, a company whose major shareholder is Prokom, costs four times more.
Last year, Sygnity had PLN 927m (EUR 245.9m) of sales and PLN 6m of net income against PLN 858m and PLN 11.4 in 2005.
(PLN 1 = EUR 0.265)