Warsaw (Puls Biznesu) – Unizeto Technologies (UT), a company dealing with IT security, is going to be listed in 2007 or 2008, its CEO said.
Last year, Unizeto Technologies was mentioned as a company which would be listed in 2006. The company has transformed into joint stock company in May 2005.
“We need about three years since the transformation. We are restructuring the company and getting it ready for the IPO”, Andrzej Bendig-Wielowiejski, UT CEO said.
The issue prospectus should be ready in 2007 or 2008, according to the CEO.
UT plans to raise capital for its expansion in the East and in the West. In Poland, it will soon launch its third outlet – in Katowice, next to the ones it already has in Koszalin and Warsaw. The company’s major clients include ZUS, Poland’s state-owned social insurance company, PKO BP bank or Enea energy distributor. Its recent order is to integrate the computer network used by the Agency of Agriculture Restructuring and Modernization (ARiMR). This order is worth PLN 5.5m (EUR 1.4m).
UT will present its 2005 results in two months. In 2004, it had PLN 58.9m of sales and PLN 5.8m of net income. In 2003, it was, respectively, PLN 66.8m and PLN 6.2m.
(PLN 1 = EUR 0.263)