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The Asseco Group earned PLN 291 million in net profit for the first three quarters of 2011. Operating profit amounted to PLN 504 million, while consolidated revenues reached PLN 3.52 billion on a significant increase in sales of proprietary software and services.Sales revenues surged to PLN 3.52 billion or by 61 percent as compared to PLN 2.19 billion reported for the first nine months of 2010. In the first three quarters of 2011, the Asseco Group generated PLN 2.57 billion in sales of own software and services, surpassing the corresponding year-ago figure by nearly 80 percent. Operating profit climbed to PLN 504 million and improved by 22 percent over PLN 413 million achieved last year. The Group earned a net profit of PLN 291 million as compared with PLN 315 million posted in 2010.The Asseco Group is effective in pursuing its strategy to boost financial results by promoting sales of its proprietary IT solutions. In the first three quarters of 2011, sales of own software and services accounted for 73 percent of the total turnover; whereas, a year ago such contribution equalled 65 percent. Sales revenues were well diversified among our individual target sectors: industrial enterprises – 43 percent, banking and finance – 33 percent, and public administration – 24 percent.Our strategy aiming to increase the share of proprietary solutions in total revenues is favourably reflected in the industry rankings and competitions. The Asseco Group ranked seventh in the prestigious Truffle100 report, presenting a list of top 100 European software vendors in 2010, and advanced by one position as compared to the last year's result. The first place, just as a year ago, was taken by SAP, followed by Dessault Systems, and Sage closing the top three. More information on the ranking is available at www.truffle100.com

Asseco ranked seventh in the prestigious Truffle100 report containing a list of top 100 software vendors in Europe.Asseco's seventh place is an advance by one position as compared to the last year's ranking. This was achieved owing to the Group's excellent financial performance in 2010 when it collected EUR 516 million from sales of software, out of the total revenues of EUR 808 million. Furthermore, the Group earned EUR 103 million in net profit.The Truffle100 ranking is prepared under the auspices of the European Commission and it discusses the market of Europe's major software producers. The group of leaders is headed by Germany's SAP with EUR 12.3 billion in software revenues, followed by France's Dassault Systèmes (EUR 1.5 billion) and Britain's Sage (EUR 1.5 billion). The ranking is dominated by companies from the UK, France and Germany.Combined revenues from sales of software generated by all the firms included in the 2010 listing reached EUR 30.9 billion, this is over EUR 3 billion more than in 2009. Whereas, 52 per cent of such total turnover was generated by the ten largest players. In 2010, R&D spending of all the Truffle100 companies reached EUR 4.4 billion in aggregate, improving by 15 per cent in comparison with 2009.More info: http://www.truffle100.com/2011/ranking.php

The Institute of Economics at the Polish Academy of Sciences prepared a ranking of Poland's most innovative companies. Subsequently, Wprost weekly magazine awarded twenty-one of them with the Innovator of 2011 statuettes.Asseco Poland was named the fourth most innovative Polish company, while Asseco South Eastern Europe took a high, eleventh place."The creation of proprietary software applications requires a continuing commitment to conceptual and development work, especially that Asseco Poland generates as much as 64% of total revenues from the sale of own software and services. We also appreciate the importance of academic knowledge in creating our innovative solutions. Therefore, we cooperate with numerous universities and research institutes. Such collaboration usually results in the development of purely commercial solutions such as one of the constituent modules of our flagship banking suite def3000, namely Sales Agent Workflow that was built in cooperation with the Rzeszów University of Technology," said Katarzyna Drewnowska, Asseco Poland S.A.The winner of this year's innovation ranking was Polpharma that allocates nearly 6% of its total revenues to R&D work. In aggregate, Wprost weekly awarded twenty-one of Poland's most innovative companies, often owned by the richest Polish businessmen, which were all included in the ranking of the Institute of Economics at the Polish Academy of Sciences.Innovative Companies constitute a cycle of magazine supplements published by Wprost weekly in 2011. The ranking was compiled on the basis of the list of 500 most innovative companies in Poland as prepared by Institute of Economics at the Polish Academy of Sciences.

Asseco Poland S.A. won an open tender for the supply and implementation of IT system for the Silesian Centre for Heart Diseases in Zabrze. The contract is worth PLN 2 million (gross) and it shall be completed within a 13-month period.The Silesian Center for Heart Diseases in Zabrze is the country's leading healthcare center specialized in the diagnosis and treatment of heart, blood vessel and lung diseases in adults and children. The hospital is recognized both nationwide and internationally and has received numerous awards for its clinical, scientific, training and organizational achievements in the fields of cardiology, cardiac surgery and transplantology in adults and children. The mission of this academic center is to "rescue, treat and give hope" which means they are ready 24 hours a day and 7 days a week to provide diagnosis and modern treatment to patients of the Silesian region, southern Poland and the whole country.- "A crucial element of our mission at Zabrze-based center is to appropriately assess and subsequently implement pioneer methods and solutions to improve the efficacy and safety of new technologies and innovative methods applied in the diagnosis and treatment of heart, lungs and blood vessel diseases. Such assessment involves primarily an evaluation of the quality of treatment, its efficacy and safety, along with a medico-economic analysis" – said Marian Zembala, MD PhD Professor, Director of the SCHD. The performance of statutory obligations at the Silesian Center for Heart Diseases is assisted by Asseco Poland S.A., having strong specialist expertise and relevant experience in the use of IT technologies for hospital management.The agreement concluded with the SCHD provides for the implementation of the Asseco Poland's proprietary hospital management system. In the medical area, this will include Asseco Medical Management Solutions, a new generation system which has been developed by Asseco since 2008. As far as administrative functions are concerned, Asseco will implement its InfoMedica system which is successfully used by over 450 hospitals in Poland. There will be deployed over 30 software modules, all able to utilize the data and information from the hospital's legacy applications (nearly 1.5 million records).The software solution to be implemented by Asseco Poland S.A. will fully support the smart card identification of patients from the Silesian Province. The delivered modules of Hospital Pharmacy, Hospital Warehouse, Departmental Pharmacies and Departmental Auxiliary Warehouses will enable the use of bar code readers. Furthermore, Asseco Poland S.A. will provide the Silesian Center for Heart Diseases in Zabrze with a specialist radiology information system RIS / PACS-CARDIO manufactured by Infinitt of Korea.

OTAGO IT Services Ltd., an Asseco Group company, signed an agreement for the purchase of an organized part of the enterprise of Cracow-based Silvermedia. The deal covers a range of innovative education management products and provides for taking over a team of specialists working in this area.OTAGO is a company responsible for coordination of the Asseco Group operations within the local government market. The acquired Education Platform is complementary to the municipal management system offered by OTAGO, enabling the company to build a comprehensive software solution which is unique countrywide."Thanks to expanding the OTAGO's product portfolio, our idea to develop one central municipal management system became reality. Today we are the only company in Poland able to support all the areas of municipal operations both in terms of software and widely understood IT infrastructure. We also owe it to our cooperation with other Asseco Group companies (such as Combidata) and the Asseco Poland's Infrastructure Division" – said Jarosław Jastrzębski, President of OTAGO.At present the Education Platform serves to over 2 million pupils at 4,500 schools in more than 20 cities. The suite includes applications to support such functions as the recruitment of pupils at different school levels (including pre-school recruitment), electronic journals, pupil information management, analysis of attendance, inventory of equipment, issuance of school reports and student cards, calculation and payment of scholarships, communication between schools and parents or administration bodies, as well as the organizational management at educational institutions.In addition to a wide range of functionalities, the users reap the benefits of three-tier technology enabling them to access the solution via a web browser. Another genuine advantage of the Education Platform is its centralized architecture allowing for simplification and shortening of the system administration procedures.The Education Platform provides a lot of technological flexibility. The solution may be installed at the client's on-premise infrastructure or at the OTAGO's data processing centre to be then made available as a cloud-based service. Owing to the above-mentioned features, the solution marketed by OTAGO is stable, comprehensive, and most importantly much less expensive to operate than distributed systems environments.
OTAGO IT Services Ltd. (ZUI OTAGO Sp. z o.o.) is headquartered in Gdańsk, at 11 Heweliusza St. The company employs almost 90 people in the cities of Gdańsk, Łódź, Cracow, and Katowice. For twenty years, OTAGO has been engaged solely in the development and implementation of software solutions to support the work of local administration. The company is the creator and owner of the OTAGO Integrated Municipal Management System. Among the company's clients are both large Polish cities such as Warsaw, Gdańsk, Cracow, Łódź, Wrocław, Szczecin and Bydgoszcz, and medium-sized cities such as Zabrze, Toruń, Ruda Śląska, Rzeszów, Nowy Dwór Mazowiecki, Starogard Gdański, Piaseczno, Skierniewice, and Łowicz.

Financial performance of the Asseco Group in the first half of 2011 was stronger than in the corresponding period last year. Sales revenues reached PLN 2.3 billion and they increased by 60% as compared with the first half of 2010.Operating profit amounted to PLN 342 million, outperforming the previous year's figure by 34.6%. The Group generated a net profit of PLN 182.7 million as compared to PLN 205.4 million earned in the first half of 2010. However, net profit adjusted for one-time events (reversal of write-downs on financial assets, write-down on Gladstone, write-down on Asseco Spain, reversal of a deferred income tax provision, and disposal of Uniquare company) turns out to be higher by 6.7% in comparison to the first half of 2010.The Asseco Group effectively implements its strategy to boost financial results by promoting sales of its proprietary software and services. During the first six months of 2011, the Group's revenues from proprietary software and services reached PLN 1.7 billion and they improved as much as 75.5% in relation to the corresponding period a year ago. The distribution of our revenues by sector changed and in the first half of 2011 it was as follows: banking and finance: 34%, enterprises: 42%, and public administration: 24% (the share of industrial enterprises increased offsetting a decline in public administration).Asseco gains a stronger position in the Polish ERP market – Asseco Business Solutions is Poland's second largest provider of ERP systems in terms of sales revenues (after SAP Poland), with a market share of 25% (according to Computerworld TOP 200, June 2011). Whereas, Asseco Central Europe is a leader in the ERP market in Slovakia. Asseco Spain has become Apple's most important partner in the Spanish market. Also our Israeli operations are very successful in the market – Sapiens signed an agreement to merge with two providers of software solutions for the insurance industry: IDIT I.D.I. Technologies and FIS Software. The merged company will become one of the major players in the global insurance software industry.One of our most important events of the past six months was the Asseco's payout of nearly PLN 140 million in dividends from the last year's earnings. Whereas, on 6 September 2011 we will hold an Extraordinary General Meeting of Shareholders to approve a buy-back of Asseco's own shares.